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...
Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine million U.K. personal current account customers, is in discussions with investors to raise fresh funds, according to The Financial Times....
Earnings reports moved several components of the FinTech IPO significantly higher — and lower — and took the overall index up 4.6% through the past week. Robinhood shares were up 19.6%. In earnings that were announced late in the week, Robinhood’s management noted during the...
The FinTech IPO Index gains 0.6%, with only a bit of earnings in the mix — and with a spate of partnership announcements dominating the headlines. Katapult Leads the Way Katapult said in a preliminary announcement that its preliminary results showed that for the fourth...
Headed into the end of January, and with earnings season in full swing, the FinTech IPO Index was up a slight 0.5%. Earnings Capture Headlines SoFi’s stock was up 1%, leading the headlines tied to the quarterly results that come in a torrent every three...
It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where there are profits to be shown). This past week’s trading action was dominated by the platforms overall, and specifically by...