Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Affirm Gets a Bump from Apple Apple said that Apple Pay users in the United States will be able to...
Has the FinTech industry hit bottom after years of skyrocketing investments? That seemed to be the sentiment among some executives and investors at the Money20/20 event in Amsterdam earlier this month, CNBC reported Thursday (June 13). Among them was Iana Dimitrova, CEO of embedded finance...
The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle in, essentially wrapping up a busy few weeks of quarterly reports. Huize was up 30%, continuing to ride a post...
Earnings dragged down several names in the FinTech IPO Index, but the overall performance was positive, up 1.2%. A few double-digit gainers led the way. MoneyLion shares gained more than 20% through the past five sessions. As has been spotlighted by PYMNTS earlier in the...
After starting the year at a five-year low, France may be in a position to lead venture investment in the EU out of the dark ages. The country has emerged as a rising star in Europe’s active financial technology (FinTech) sector, attracting a surge of...
The FinTech IPO Index lost 2.6% as earnings trickled in. The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the Consumer Financial Protection Bureau (CFPB) weighed in with new oversight over providers. The CFPB Weighs In As PYMNTS reported Wednesday (May 22),...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings...
Earnings were everywhere this past week, driving the FinTech IPO Index 4% higher through a volatile week of trading. Buy Now, Pay Later Momentum Sezzle shares soared 52%. The company’s latest results detailed that income growth was 35.5% year over year (YoY), while total subscribers...
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps, let’s call this an anticipatory rally. Katapult, the lease-to-own platform, saw its shares leap 49.7%...
