Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the prime movers. Lemonade shares surged more than 21%. In a Tuesday (July 16) announcement, Lemonade...
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...
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%...
August 16, 2024
Earnings powered the FinTech IPO Index 5% higher in a week that was, as has been the case for the last month, dominated by earnings. Sezzle kept up its post quarterly-report momentum, leaping more than 53% through the past five sessions. The recent Sezzle gains tack on to the 38% rally that came in the […]
July 19, 2024
Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the week, and platforms were the...
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...
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...
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...
