The platforms held sway this past week, gaining some ground ahead of earnings due through the next several days. And as a result, the FinTech IPO Index was up 0.5% across the past five trading sessions. As for the platforms themselves, Beike Finance gained 17.5%,...
This past week might be titled “The Great Platform Rally of 2023.” The FinTech IPO Index surged 11.9% through five sessions, led by double-digit gains in all manner of platform firms serving a variety of verticals. Year to date the index has soared 41.1%. And...
The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In a holiday-shortened trading week, the index limped into Friday down a bit more than 1%,...
The platforms surged — many of them anyway. And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the second quarter and headed into a trading week that will be shortened by the July Fourth holiday. Opendoor was up...
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the rally some tailwind. For the month of May, retail sales were up 0.3% compared to...
Goldman Sachs is exploring strategic alternatives for its consumer arm and FinTech unit GreenSky as it scales down its retail ambitions. Among the firms that submitted initial bids for the installment lending platform, which Goldman Sachs acquired for $2.24 billion last March, are Apollo Global,...
The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and “forward-thinking” regulators, said Abdulla Almoayed, founder and CEO at Tarabut Gateway. According to Almoayed, this trend has made it possible...
New York and London — two of the world’s leading business-destination cities and top global financial centers — have a “strong two-way flow in terms of FinTech innovation,” say Innovate Finance CEO Janine Hirt and Stephen Feline, North America director at London & Partners. “When...
The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the week. OneConnect posted results that showed total revenues declining in the most recent quarter by 9.1% year...
