To be fair, equities.fyi seems to label every company as down roughly 80% from highs -- I typed in 10 random private companies I know of, none of them were fintech, and it modeled them all as having similar valuation drops. It's possible that they all are but I wonder if equities.fyi's model is just saying "drop valuation by 80% unless there is a reason to do otherwise." (I do work at Plaid but I am responding mostly in a personal capacity of being someone who's curious about where these numbers come from.)