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...
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%...
There were a few stunning surges this past week with the FinTech IPO Index, which added more than 5% through five sessions. And, as has been seen in the past few weeks, earnings were the key driver. Lufax Holding shares rallied about 73%. The company reported...
Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s demand brewing for deal-making, for startups to be snapped up in the bid to buy rather than build operations, and for...
June 07, 2024
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 rally from late last month, where the company reported […]
May 17, 2024
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...
May 03, 2024
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,...
March 22, 2024
There were a few stunning surges this past week with the FinTech IPO Index, which added more than 5% through five sessions. And, as has been seen in the past...
April 08, 2022
When it comes to buying durable goods, many consumers see just two options before them: going without things that could be necessities, or taking on insecure debt. But there’s a third option for these shoppers: lease-to-own purchasing, a method that lets consumers buy the goods they need with flexible, pay-over-time options. PYMNTS, in collaboration with […]
February 11, 2022
Lease-to-own platform Katapult has named two new members on its board of directors. As the company said in a news release Friday (Feb. 11), Joyce Phillips and Jane J. Thompson...
August 23, 2021
eCommerce leasing company Katapult’s direct apply feature allows customers to apply on the company’s website for their approved lease amount rather than doing it through one of its merchant partners. “Having...
December 18, 2020
Katapult Holding, Inc. and special purpose acquisition company (SPAC) FinServ Acquisition Corp. said on Friday (Dec. 18) that they have entered into a definitive merger deal. The arrangement will create a...
