March 05, 2023
FinTech Cash Burn Totaled $12 Billion in 2022
Recently listed tech companies reportedly went through more than $12 billion in cash during 2022. And as the Financial Times (FT) reported Sunday (March 5), many of these companies are...
March 03, 2023
FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%...
Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send the group down on yet...
March 01, 2023
Report: Instacart Q4 Profit Jumps 80%
Instacart’s fourth-quarter profit and sales reportedly spiked ahead of its long-awaited public listing. The grocery aggregator told employees this week that revenues jumped more than 50% in the final quarter...
February 28, 2023
Inflation Boosts Restaurant Pickup Adoption for QSR Customers
As food prices remain elevated, PYMNTS research shows fast food fans are switching to pickup. The Context Quick-service restaurants (QSRs) are seeing their customers opt more for these channels and...
February 27, 2023
Fast-Casual Restaurants Add Drive-Thru Lanes to Compete With QSRs
Fast-casual restaurants are expanding their drive-thru efforts to attract convenience-seeking consumers, gaining share from QSRs. In this month’s wave of restaurant earnings calls, leading chains spoke to their efforts in...
February 27, 2023
Freshpet Posts Best Topline Growth Since 2014 IPO
Pet food maker Freshpet recorded its best growth in eight years during the close of 2022. The New Jersey-based company, which makes refrigerated dog and cat food, announced Monday (Feb....
February 26, 2023
Sequoia Backs Off Crime App Citizen Amid VC Funding Downturn
Sequoia Capital has reportedly stopped funding the crime-tracking app Citizen amid a startup financing drought. According to a Saturday (Feb. 25) Financial Times (FT) report, Sequoia had been one of...
February 23, 2023
Opendoor Leads Decliners as FinTech IPO Index Sheds 4.4%
The FinTech IPO Index was down 4.4% heading into the last few trading days of February. And as detailed earlier in the week, even though the group is still up...
February 23, 2023
Stripe Reportedly Looking to Raise $4 Billion Via Special Vehicle
Stripe is reportedly in the process of raising $4 billion from investors. Bloomberg reported Thursday (Feb. 23) that the payment platform is working with banks to make the offering through...