On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5). So-called “Trump trades,” assets tied to President-elect Donald...
For FinTechs in general, and the FinTech IPO Index in particular, this past week has been dominated by regulators, new rules related to data and disclosure, and legal wrangling in the courts. Shares of Sezzle surged 19.8% through the past five sessions, while Affirm lost...
Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to be seen from the digital upstarts populating the FinTech IPO Index. We’ll get there for...
FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18...
November 22, 2024
The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and 23.6%. A broad-based rally in the overall markets Thursday — as tech stocks got a boost from Nvidia’s earnings – helped with momentum. As for Lemonade, the stock’s jump extended a […]
October 25, 2024
For FinTechs in general, and the FinTech IPO Index in particular, this past week has been dominated by regulators, new rules related to data and disclosure, and legal wrangling in...
October 18, 2024
Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to...
October 04, 2024
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...
October 10, 2024
FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18 months in a forward-flow agreement, buying the loans before they have […]
April 25, 2024
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking...
March 21, 2024
Florida-based Liberty Savings Bank has partnered with artificial intelligence (AI) lending marketplace Upstart to provide personal loans. The bank, which serves Florida’s Sarasota-Manatee County and has over $1.2 billion in assets,...
February 13, 2024
Upstart achieved an all-time high in its automated credit origination process in the fourth quarter. The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant...
