FinTechs remain in a tight spot, as far as fundraising goes. The third quarter of this year saw investment in private FinTechs fall 46% compared to the same period in 2022, the Wall Street Journal reported Thursday (Nov. 9), citing data from CB Insights. The number of...
Earnings season is in full swing, and has given several names in the FinTech IPO Index a boost. Through the past five days, the index surged 6%. NerdWallet shares soared 67%. The company said last week that revenues of $153 million were up 7% year...
The platforms led the FinTech IPO Index 4.7% lower this past week, as the year-to-date gains have been winnowed down to about 16%. AMTD shares sank 21%. The company extended a $50 million share repurchase program to the end of the first quarter of next year,...
Worldline shares reached record lows Wednesday (Oct. 25) as the company reduced its sales forecast. The French payments FinTech announced it anticipates organic revenue growth of between 6% and 7%, down from an earlier prediction of 8% to 10%, causing its stock to fall 57%...
Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will be there for the members of the FinTech IPO Index, who are depending on some of those macro trends to...
Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street. The transaction is expected to be completed in the first quarter of 2024, subject to standard closing conditions, the global...
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the past five trading sessions. As reported at the end of last month, Affirm has partnered...
As of the close of trading Friday, the third quarter’s in the books. And in just a few weeks, the scoring begins in the form of earnings season, where investors reward, or punish, publicly-traded companies as they update their quarterly results. For the FinTech IPO Index,...
The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad news for FinTechs like PayPal, Affirm and Robinhood, all of whom have seen their stock fall since the Fed raised rates. The report argues...
