Macro concerns and interest rates tipped several FinTech IPO names into double digit declines. The FinTech IPO Index slipped by 4.4% through the past five trading sessions and now stands 48.6% lower year to date. Many names are down more than 90% from their IPOs,...
The countdown’s on to the end of 2022, which FinTech IPO investors would rather forget. Earnings season is now all but over, with the exception of a few stragglers. The double-digit percentage gyrations — up and down — have been a hallmark of the past...
Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. But the FinTech IPO Index managed to see at least some gains through the past five sessions. Slight gains, to be sure — the group was...
A banner week — but just not in the direction investors would have hoped. Macro-economic concerns dominated market mindsets these past several sessions, and worries about interest rates in particular — spiking sharply to the upside as the Fed put in another jumbo-sized rate hike....
December 22, 2022
The rout that tech stocks faced on Thursday captures all the pressures faced by the FinTech IPO names … and captured them in a nutshell. Economic data fueled fears of continued rate hikes, as U.S. GDP rose 3.2% year over year in the third quarter. That report beat estimates of 2.9%, and as inflation remains […]
December 09, 2022
Macro concerns and interest rates tipped several FinTech IPO names into double digit declines. The FinTech IPO Index slipped by 4.4% through the past five trading sessions and now stands...
December 01, 2022
The countdown’s on to the end of 2022, which FinTech IPO investors would rather forget. Earnings season is now all but over, with the exception of a few stragglers. The...
September 22, 2022
A banner week — but just not in the direction investors would have hoped. Macro-economic concerns dominated market mindsets these past several sessions, and worries about interest rates in particular...
July 13, 2022
Global FinTech firm Triterras is partnering with digital lower trade, groceries and HoReCa marketplace platform Conektr to give micro- and small retailers increased access to working capital across the United Arab Emirates through the inventory management tool on the Conektr app. Through the Triterras’ Invoice Bazaar platform, small businesses in the fast-moving consumer goods (FMCG) […]
