The FinTech IPO gathered 2.4% in a week that saw the last few remnants of earnings reports trickle in. And of course, beyond the revenues and various customer metrics detailed in those quarterly reports, there were firms that had non-earnings headlines of their own. Upstart...
Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial services for consumers without accurate credit scores, Petal said in a Wednesday (May 10) press...
A spate of earnings reports rolled in through the past week, and a rough parity between gaining stocks and decliners held the FinTech IPO Index to a 1.4% gain. NerdWallet shares plunged 30% through the past five sessions. In the company’s most recent earnings report, the...
Vera Equity has launched with a $20 million fund focused on early-stage FinTech companies. The new venture capital (VC) firm has invested in 20 FinTech startups to date, Vera Equity said in a Monday (May 1) press release. The firm was co-founded by Michael Vaughan,...
Bank runs were only part of the story this week. And as the FinTech IPO Stock Index sank for another week, down 2.5%, the positive returns year to date are getting winnowed down. The index is up just under 7% since 2023 dawned. Interest rates...
India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month after the company announced it had raised $100 million in a round that valued it at $12 billion. This new...
The past week’s been dominated by bank runs, by lifelines thrown to banks, by bank rescues. And yet, in the midst of a whipsaw week for tech stocks, there was other news. Earnings continued to trickle in, helping to send the FinTech IPO Stock Index...
These are tough times to be a publicly traded tech company. The last few days have been seismic in the industry. Silicon Valley Bank’s gone under. Signature Bank has collapsed, too. Stocks have gyrated, to put it mildly. Dee Choubey, CEO of MoneyLion, told Karen...
According to one recent analysis, 91 publicly listed FinTech companies burned through $12 billion in venture capital in 2022, and just 17 posted a net profit from those investments. If it sounds like a familiar story, then you’ve likely been through at least one market...
