FinTech-focused funds and indexes reportedly suffered greater losses than financial or tech ones during 2022. The Wall Street Journal (WSJ) reported Tuesday (Jan. 3) that three FinTech-focused funds and indexes saw drops of greater than 50% during the year, with the Global X Fintech ETF...
Bulgarian FinTech firms have attracted nearly $6 million in investment this year. In fact, while the country’s FinTech industry may be young, with each passing year its contribution to the economy grows. For example, investments in Bulgarian FinTech companies have grown from BGN 1.3 million...
The Dubai Chamber of Commerce has launched a new FinTech- and payments-focused business group. The aim of the group is to bring together companies in the FinTech and payments space to encourage collaboration, engage in dialogue, and advocate for policy change. Announced in a press...
Macro concerns and interest rates tipped several FinTech IPO names into double digit declines. The FinTech IPO Index slipped by 4.4% through the past five trading sessions and now stands 48.6% lower year to date. Many names are down more than 90% from their IPOs,...
The countdown’s on to the end of 2022, which FinTech IPO investors would rather forget. Earnings season is now all but over, with the exception of a few stragglers. The double-digit percentage gyrations — up and down — have been a hallmark of the past...
It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the opening of embassies in Abu Dhabi and Tel Aviv and launching a new era of bilateral cooperation in areas including...
For neobanks, the debit card is no longer going to be enough — not to brave the storm clouds gathering at this moment, and which will last a few years. Bond Financial Technologies Co-Founder and CEO Roy Ng told Karen Webster the reckoning will be...
The Social Loan Company (TSLC), a digital-first lender founded in Bangladesh, announced Monday (Oct. 31) that it is launching its platform in Africa for the first time thanks to two partnerships in Nigeria. The African expansion will see TSLC apply its artificial intelligence (AI) and...
The FinTech IPO Index was down 3.2% heading into the end of the week and is down 10.2% headed into the final days of October. The hole is a deep one if the Index is ever to make it into positive territory — the Index...
