Fintech Investments

M&As, Alternative Funding Keep FinTechs Afloat Amid Ongoing Economic Shake-Up
M&As, Alternative Funding Keep FinTechs Afloat Amid Ongoing Economic Shake-Up
August 21, 2023  |  Fintech Investments

The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds. In fact, rising interest rates,...

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Earnings Continue to Dominate as FinTech IPO Index Loses 2.8% and Katapult Slides
Earnings Continue to Dominate as FinTech IPO Index Loses 2.8% and Katapult Slides
August 18, 2023  |  Fintech Investments

The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the...

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FinTech IPO Index Plunges 6.6% as Upstart and Nuvei Earnings Weigh on Shares
FinTech IPO Index Plunges 6.6% as Upstart and Nuvei Earnings Weigh on Shares
August 11, 2023  |  Fintech Investments

Seemingly everywhere you looked this past week, earnings were the sole arbiter of how stocks performed. And no matter the earnings, almost across the board,...

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Beike Finance and XP Surge as FinTech IPO Index Heads Up 0.5%
Beike Finance and XP Surge as FinTech IPO Index Heads Up 0.5%
July 28, 2023  |  Fintech Investments

The platforms held sway this past week, gaining some ground ahead of earnings due through the next several days. And as a result, the FinTech...

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FinTech IPO Index Slips 1% as Affirm Sinks on Analyst Downgrade
FinTech IPO Index Slips 1% as Affirm Sinks on Analyst Downgrade
July 07, 2023  |  Fintech Investments

The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a...

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FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
June 30, 2023  |  Fintech Investments

The platforms surged — many of them anyway.   And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the...

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PhonePe Raises $200 Million From Former Parent Walmart
PhonePe Raises $200 Million From Former Parent Walmart
March 19, 2023  |  Fintech Investments

India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month...

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Oportun, Katapult Drive FinTech IPO Index Down 4.1%
Oportun, Katapult Drive FinTech IPO Index Down 4.1%
March 17, 2023  |  Fintech Investments

The past week’s been dominated by bank runs, by lifelines thrown to banks, by bank rescues. And yet, in the midst of a whipsaw week...

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Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
March 06, 2023  |  Fintech Investments

Stripe’s latest fundraising round is reportedly being driven by a $3.5 billion tax bill. The firm aims to cover this personal tax liability that will...

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