Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during the opening keynote of the company’s annual user conference held in San Francisco. While they...
Call it the thaw after the FinTech funding winter. Maybe. And for the FinTech IPO Index, there may be some reason for cheer — perhaps this year. Because if private capital is sanguine about the prospects of digital upstarts seeking to change financial services and...
European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority shareholder’s injection of 125 million euros (about $133 million) up to December, Bunq said in...
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied to consumer spending, commercial loans and delinquencies. Earnings supplementals and management commentary will provide a...
Deal-making dominated the headlines this past week as the FinTech IPO Index lost 2.9%. Nuvei’s stock gained 2.4%. As reported by PYMNTS, Nuvei is being taken private in a $6.3 billion deal with private equity firm Advent International. Nuvei CEO Philip Fayer will reportedly control...
Earning season’s set to begin in just a few weeks — but we’re still not quite done with, well, earnings season. The FinTech IPO Index was up 0.3% through the past five sessions as nCino’s stock soared 23%. The company’s latest earnings results showed that total revenues for...
Stocks swooned into the end of the week, as inflation data from the government showed us all that inflation’s here to stay, perhaps longer than many investors had anticipated. And as a result, the read across is that interest rate cuts from the Federal Reserve...
Many of the names that are part of the FinTech IPO Index soared double digits on the heels of earnings this past week, leading the overall index 2.7% higher. MoneyLion Shares Roar Ahead MoneyLion’s shares gained roughly 34% as December quarter details saw the number of...
The earnings avalanche continues. The FinTech 100 Index gained 5.2% in a week that saw most names rocket higher. Expensify surged 30% higher. The company said this past week that fourth-quarter revenues came in at $35.2 million, average paid members numbered 719,000 and net interchange stood at a...
