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...
Partnerships were the prime source of headlines this past week. But for the FinTech IPO Index, which gave up 5.8% through the past five sessions, the downside was led by platforms, many of which plunged double digits — not on company specific news, but on...
Summer’s fading, August ends, and only a few earnings reports marked the headlines this past week for the FinTech IPO Index. But two were enough to mark some outsized gains — double-digit rallies — that wound up propelling the FinTech IPO Index 6.4% higher through...
Goldman Sachs’ sale of its FinTech lender, GreenSky, is reportedly close to being a done deal. As reported this week, the company is, per Bloomberg, drawing interest from the private equity realm – and within the FinTech arena itself. Among the bidders reportedly in the running: Apollo Global...
The FinTech IPO Index barely budged this past week, giving up a slight 0.1% through the past five sessions. A bit less than three months from now, earnings season will be in full swing again, and we’ll see if the lending picture has brightened, if...
The FinTech industry has experienced significant growth in recent years, but it is has not been immune to economic headwinds. In fact, rising interest rates, high inflation, and lower consumer spending have led to a sharpened focus on belt-tightening among venture capital (VC) investors in...
The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the past five sessions, with shares down 23% during that time. The company said in its most recent earnings announcement earlier in...
At first glance, it might seem incongruous to mention the PYMNTS FinTech IPO Index and banks and M&A in the same sentence. The index itself is up 32% year to date. And so the logic might follow that if stock is currency on Wall Street —...
Seemingly everywhere you looked this past week, earnings were the sole arbiter of how stocks performed. And no matter the earnings, almost across the board, the performance was decidedly to the downside. The FinTech IPO Index sank 6.6% through the past five sessions, led by...
