Recently listed tech companies reportedly went through more than $12 billion in cash during 2022. And as the Financial Times (FT) reported Sunday (March 5), many of these companies are now struggling to figure out how they can raise more money amid falling share prices....
Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send the group down on yet another five-day journey that saw a 2.7% loss. Platforms Take a Dive Marqeta gave up...
For the FinTech IPO Index, it’s been a long journey — down. On a day that saw Nasdaq plunge 2.5%, and in a month that brings COVID-19 near the three-year anniversary of being termed a pandemic, it’s worth taking the pulse of how various FinTech...
Tech stocks roared back to life coming into a new month — and suddenly February looks a lot brighter than the beginning of this year ever did. The FinTech IPO Index was up 10.5%, marking a five-day rally that has brought the group up more...
If Sezzle CEO Charlie Youakim had to write a book about the FinTech bubble that burst in 2022, he’d call it “Crazy Money.” That nugget came up in a conversation between Youakim and PYMNTS’ Karen Webster during the first discussion in the new series “FinTech...
GoLogiq is to continue growing its wealth management capabilities by acquiring Nest Egg. The proposed transaction, which is subject to customary closing terms, aims to add Nest Egg’s wealth-building platform for Gen Z and millennial consumers to GoLogiq’s range of FinTech and mobile solutions, the...
The FinTech IPO Index has enjoyed a rebound so far, despite the usual volatility. Year to date, the group is up 22%, buoyed by the past week’s rallies that saw the Index rise by 6.4%. Earnings season has shown that — as evidenced from the...
For the FinTech IPO Index, the rally fizzled quickly. After a surge into the first few weeks of the new year — notably, double-digit gains last week — the index slipped 0.6% through the past five sessions. Blame the macro data from this...
U.K. FinTechs received $12.5 billion in investment in 2022, 8% less than the year prior. According to research published by Innovate Finance, an independent industry body representing the UK FinTech community, this week, the drop signals a remarkably resilient FinTech ecosystem when compared to the...
