Root Insurance news and trends

FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports 

May 25, 2023
Interviews & Exclusives
FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports 

May 25, 2023
The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the week. OneConnect posted results that showed total revenues declining in the most recent quarter by 9.1% year over year to RMB 925.9 million ($130.8 million). The company […]