Earnings season’s in full swing and proved to be less than kind to the FinTech IPO Index, which gave up 5%. Double digit declines on the heels of various quarterly reports proved to be common through the last several sessions. NerdWallet shares gave up 28.1%....
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%...
It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where there are profits to be shown). This past week’s trading action was dominated by the platforms overall, and specifically by...
Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly’s CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for app-driven, digital modernization. “Global money movement has not yet evolved to the levels expected and needed by the world,” said...
November 01, 2024
The FinTech IPO Index was 2.3% higher in a week that saw the platforms roar ahead — many of them by double digits — in anticipation of earnings reports that won’t come until next month. Expensify shares were more than 33% higher for the week, followed by Lemonade, up 25.5%. MoneyLion’s stock surged 24.2%. There were, of […]
August 02, 2024
Earnings season’s in full swing and proved to be less than kind to the FinTech IPO Index, which gave up 5%. Double digit declines on the heels of various quarterly...
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,...
January 26, 2024
It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where there are profits to be...
August 16, 2022
Remitly, a global finTech that provides digital remittance solutions, announced Tuesday (Aug. 16) that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million, consisting of a mix of cash and stock. According to […]
February 28, 2022
Both cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia due to the sanctions there and the ongoing military action in Ukraine, Reuters...
October 19, 2021
Digital financial services platform Remitly Global Inc. on Tuesday (Oct. 19) announced a collaboration with digital wallet Novi to support Novi’s pilot launch, including cash pickup in Guatemala. Novi is...
September 23, 2021
Global remittance startup Remitly is set to begin trading on the Nasdaq on Thursday (Sept. 23) under the ticker RELY with a per-share price of $43, above its expected range...
