Bank runs were only part of the story this week. And as the FinTech IPO Stock Index sank for another week, down 2.5%, the positive returns year to date are getting winnowed down. The index is up just under 7% since 2023 dawned. Interest rates...
For the FinTech IPO Index, the rally fizzled quickly. After a surge into the first few weeks of the new year — notably, double-digit gains last week — the index slipped 0.6% through the past five sessions. Blame the macro data from this...
In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened since we’ve been tracking these more than three dozen names that have gone public since just before the pandemic. The...
Stocks, including those of the FinTech IPO Index, slumped as retail sales data disappointed. As PYMNTS reported Thursday (Dec. 15), retail sales in November declined 0.6% over October’s levels. Holiday spending has proven no panacea here, and other macro data points helped underscore the fact...
September 29, 2023
A volatile week on Wall Street is bringing the third quarter to a close. And for the FinTech IPO Index, the slight gains of 0.2% came as platforms and international names showed some outsized momentum. Blend stock surged 12.6%. In an announcement, Blend disclosed the addition of Assets-Derived Income to its existing Blend Income product. […]
March 23, 2023
Bank runs were only part of the story this week. And as the FinTech IPO Stock Index sank for another week, down 2.5%, the positive returns year to date are...
January 20, 2023
For the FinTech IPO Index, the rally fizzled quickly. After a surge into the first few weeks of the new year — notably, double-digit gains last week — the index...
January 12, 2023
In a rally that sent all names higher, FinTech IPO Index soared 13.5% through the week. That’s a milestone — the first time it’s happened since we’ve been tracking these...
September 27, 2022
PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now be able to apply digitally for a mortgage and import bank or payroll information, through providing the right credentials. The effect will be to cut down on the time it […]
November 08, 2021
Document automation platform Ocrolus and cloud banking platform Blend announced Monday (Nov. 8) a strategic partnership that will embed Ocrolus’ Human-in-the-Loop (HITL) document analysis solution within the Blend platform to...
July 06, 2021
The digital lending platform Blend Labs Inc. is going public. The company announced Tuesday it had launched the roadshow for the initial public offering (IPO) of 20 million shares of...
March 15, 2021
Blend has signed a definitive agreement to acquire Title365, the digital mortgage and consumer banking platform announced Monday (March 15). Writing on the company blog, Blend’s chief executive said the...
