The past five trading days have been a roller coaster, as interest rates and the Fed’s stance on cuts to those rates proved top of mind. Although comments from the central bank pointed to slowing growth and higher inflation, the FinTech IPO Index was up...
Like the rest of the global economy, the FinTech IPO Index can be boiled down to a word: uncertain. Despite some notable performances from Oportun and OneConnect, the majority of the companies in the index took single-digit percentage stock price hits, leading the overall index...
The past five days of stock market trading have been whipsawed by the latest inflation report, speculation over whether or not the Fed will stand pat on interest rates, and of course, the continuing inflow of earnings reports, though the pace of those quarterly disclosures...
The FinTech IPO Index’s gains this past week — up 2.6% through Thursday (Feb. 6) across the past five sessions — were tied to a mix of newsworthy events. Earnings. Partnerships. And rumors of a possible takeover. Several names were up double digits through the...
May 30, 2025
The past few days to be volatile ones in the FinTech IPO realm, as our Index slipped 0.4% in a week that was truncated due to the Memorial Day holiday. Platforms led the decline, and some recent gainers of note now led to the downside. Defi Development Corp. (formerly Janover) had notched triple-digit gains through […]
March 21, 2025
The past five trading days have been a roller coaster, as interest rates and the Fed’s stance on cuts to those rates proved top of mind. Although comments from the...
February 21, 2025
Like the rest of the global economy, the FinTech IPO Index can be boiled down to a word: uncertain. Despite some notable performances from Oportun and OneConnect, the majority of...
February 14, 2025
The past five days of stock market trading have been whipsawed by the latest inflation report, speculation over whether or not the Fed will stand pat on interest rates, and...
January 10, 2022
Technology-as-a-service platform OneConnect closed a partnership deal with Chengfang Financial Technology, a FinTech established by the People’s Bank of China (PBOC), according to a press release on Monday (Jan. 10). The two companies will collaborate to tackle typical pain points experienced in the financial industry, deliver technological innovations and strengthen data processing and governance. Under […]
April 05, 2020
OneConnect Financial Technology and China Merchants Port Group (CMPort) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The program will pull in...
January 07, 2020
China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect, a Chinese FinTech recently listed on the New York Stock Exchange, according to...
December 12, 2019
China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. The move is a blow...