FinTech news in taxjar category

Stripe has laid off some of the employees that support TaxJar, a tax compliance startup that it acquired last year. In July, Stripe went through a 409A valuation process that saw its internal valuation cut by 28%. Stripe’s new and lower internal valuation, explained Fintech hasn’t been immune from the downturn – for evidence, you need to look no further than the stock prices of Block (formerly Square) PayPal, Robinhood and Affirm.