Last year’s FinTech funding drought didn’t touch the United Arab Emirates (UAE). Investments in that sector fell by half all over the world as investors were scared off by steep interest rates and dismal macro conditions, CNBC reported Wednesday (Jan. 10), citing figures from Innovate Finance. That data...
By any stretch of the imagination, the 55.7% rally in the FinTech IPO Index last year was nothing to sneeze at. And the December surge, at 16.7% … well, that was impressive too. Yet: A deeper dive shows that of the names we track, the...
In 2023, the FinTech landscape experienced a transformative surge of innovations, reshaping financial technology from its core. These advancements, spanning cutting-edge technologies and the evolution of business models, have ignited a pivotal shift that goes beyond mere functionality, altering how financial services are accessed and...
Headed into the last week of the year — a shortened week due to the holidays — the FinTech IPO Index gained 8%. BNPL Bounce Continues Affirm shares gathered 6.9%, with a continued bounce on positive sentiment and partnerships surrounding buy now, pay later. As...
Payments FinTech SumUp has raised $307 million to expand its footprint and develop new services. The British company, whose products include point-of-sale card readers, announced the funding Monday (Dec. 11), noting that it follows a year in which it has operated on a positive EBITDA...
The FinTech IPO Index found some renewed momentum this past week, gaining 3% over a five-day stretch that saw platforms lead names to the upside. Robinhood shares soared 30.5% in the several sessions since the company, as reported at the end of last month, boosted its...
The turkey has been carved. Thursday offered a brief respite from the volatility that’s been a hallmark of the FinTech IPO Index. Into a shortened week, through the past five sessions headed into Turkey Day, the index slipped 1.1%. Paysafe shares slipped 13.9%, among the...
The last few names are coming in with their earnings reports — and while September’s quarter end seems long ago and far away, investors largely cheered the FinTech IPO names that disclosed results. The FinTech IPO Index was up 5.1% this past week. MoneyLion Leads...
The earnings deluge is what moved names this past week — and for the FinTech IPO Index, the movement was mostly to the downside. The index lost 1.8%, led by Oportun Financial, whose shares plunged by 55.8%. The company said this week that it is laying...
