By Johnny Rice, Benzinga
Corey B. Davis, Managing Director, Fintech Investment Banking at BMO Capital Markets Corp., was a panelist at Benzinga’s 9th Annual Fintech Deal Day & Awards.
BMO Capital Markets is a leading, full-service financial services provider. It offers corporate and investment banking, treasury management and research and advisory services to clients worldwide.
Mr. Davis spoke about the reality of raising capital in a tough macro environment. In today's market, a good valuation is 5 to 7 times revenues, which stands in stark contrast to a few years ago when 20 times was seen as reasonable.
Watch the full panel here: