Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to be seen from the digital upstarts populating the FinTech IPO Index. We’ll get there for...
The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. But what goes up must come down. And in a dramatic reversal...
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of the FinTech IPO Index. The overall group was down 6.3% through the week. As for...
Are recent rate cuts good news for venture capitalist (VC) firms in the FinTech space? A report Sunday (Sept. 29) by TechCrunch says the answer is yes, particularly for those FinTechs that depend on loans to keep cash flowing. Those FinTechs, the report said, include...
Earnings season won’t be for another few weeks. But earnings reports had some impact on the FinTech IPO Index, and gains were reserved chiefly for firms domiciled outside the U.S. as macro news from China helped goose the FinTech IPO Index slightly higher, by 0.5%....
Stocks had a historic week, as the Dow hit new highs and the Fed made a bit of history of its own — and the FinTech IPO Index soared 4.5%, buoyed by the platforms. The conventional wisdom, in the wake of a 0.5% cut by...
Finastra’s Treasury and Capital Markets (TCM) unit reportedly may be offered for sale. Private equity firm Vista Equity Partners is working with global investment bank Evercore to sell the TCM unit, though Vista is still considering whether to do so, Bloomberg reported Wednesday (Sept. 18),...
“Build it and they will come.” The sentiment behind that iconic line might be apropos of the startup world, and for FinTechs in particular. Drill down into a particular subset of FinTechs – in this case, personal finance-focused FinTechs – and we see that headwinds...
It was a solid week for the Fintech IPO Index as Affirm, Bill.com and cloud-based digital banking provider Alkami led the group of 100 companies to a 3.6% gain for the week, closing the month of August at break-even as earnings season comes to a close....
