Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to be seen from the digital upstarts populating the FinTech IPO Index. We’ll get there for...
FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18...
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of the FinTech IPO Index. The overall group was down 6.3% through the week. As for...
Stocks had a historic week, as the Dow hit new highs and the Fed made a bit of history of its own — and the FinTech IPO Index soared 4.5%, buoyed by the platforms. The conventional wisdom, in the wake of a 0.5% cut by...
October 25, 2024
For FinTechs in general, and the FinTech IPO Index in particular, this past week has been dominated by regulators, new rules related to data and disclosure, and legal wrangling in the courts. Shares of Sezzle surged 19.8% through the past five sessions, while Affirm lost 4.3% through the same time frame. As PYMNTS reported, the […]
October 18, 2024
Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to...
October 04, 2024
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...
September 20, 2024
Stocks had a historic week, as the Dow hit new highs and the Fed made a bit of history of its own — and the FinTech IPO Index soared 4.5%,...
October 10, 2024
FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal loans that have already been handed out, as well as debt that Blue Owl will buy over the next 18 months in a forward-flow agreement, buying the loans before they have […]
April 25, 2024
Lending marketplace Upstart has debuted a tool to help lenders offer customized loan offers. That tool, dubbed Recognized Customer Personalization (RCP), lets banks and credit unions (CUs) identify when a customer is actively seeking...
March 21, 2024
Florida-based Liberty Savings Bank has partnered with artificial intelligence (AI) lending marketplace Upstart to provide personal loans. The bank, which serves Florida’s Sarasota-Manatee County and has over $1.2 billion in assets,...
February 13, 2024
Upstart achieved an all-time high in its automated credit origination process in the fourth quarter. The artificial intelligence (AI) lending marketplace had 89% of its unsecured loans approved through an instant...
