Fintech That Soared on Trump Sells Core Business for $12 Million

A fintech company that gained prominence and reached unicorn status after partnering with the Trump family's crypto platform has sold its core business for approximately $12 million. This represents a significant decline from the company's previous $1 billion valuation, highlighting the volatility and challenges faced by Trump-adjacent fintech ventures. The sale underscores how association with high-profile figures and crypto platforms can create inflated valuations that may not be sustainable.