The just-completed shortened trading week heralds the beginning of Fall, and September’s here. September stands out as the month that will herald the first rate cut by the Federal Reserve after years of hiking interest rates. At least, that’s what the conventional wisdom says. For...
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps, let’s call this an anticipatory rally. Katapult, the lease-to-own platform, saw its shares leap 49.7%...
Deal-making dominated the headlines this past week as the FinTech IPO Index lost 2.9%. Nuvei’s stock gained 2.4%. As reported by PYMNTS, Nuvei is being taken private in a $6.3 billion deal with private equity firm Advent International. Nuvei CEO Philip Fayer will reportedly control...
The earnings avalanche continues. The FinTech 100 Index gained 5.2% in a week that saw most names rocket higher. Expensify surged 30% higher. The company said this past week that fourth-quarter revenues came in at $35.2 million, average paid members numbered 719,000 and net interchange stood at a...
September 13, 2024
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. As for the data, last week saw a slowing labor market, while jobless claims released on Thursday inched up […]
September 06, 2024
The just-completed shortened trading week heralds the beginning of Fall, and September’s here. September stands out as the month that will herald the first rate cut by the Federal Reserve...
May 03, 2024
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps,...
April 04, 2024
Deal-making dominated the headlines this past week as the FinTech IPO Index lost 2.9%. Nuvei’s stock gained 2.4%. As reported by PYMNTS, Nuvei is being taken private in a $6.3...
January 05, 2024
Indian digital payments firm MobiKwik has filed for an initial public offering (IPO) worth up to 7 billion rupees ($84 million). This move comes after the company’s previous attempt in 2021 was postponed due to the lackluster market debut of its larger rival, Paytm, Reuters reported Friday (Jan. 5). MobiKwik had initially filed for a 19 billion rupees ($230 million) IPO in July 2021, […]
