With one day left in March, the Nasdaq index dropped 10%, wiping the year-to-date gains and leaving it at 8.5%. Oportun, OppFi, Huize, Affirm, and Futu Holdings are just some of the firms that have shown advances in the last five trading days. Oportun jumped by 17% after the CFPB (Consumer
Let us analyze the 12 best fintech stocks. Since the recent global financial crisis, the fintech industry has reaped the benefits of increasing investments. After the global financial crisis of 2008, the globe became more conscious of the flaws of the traditional financial services business, prompting the rise of fintech. The second wave of fintech […]
The escalating geopolitical turmoil, particularly the invasion of Ukraine, has led to the top Russian e-commerce portal Ozon Holdings Plc being delisted from the Nasdaq exchange. Nasdaq Stock Market LLC issued the delisting notice on March 15, 2023, for reasons including failure to meet listing requirements. Yet Ozon Holdings denies this, saying it has followed […]
Sezzle (SZL), a fintech company that helps online merchants accept “buy now, pay later” payments, has submitted paperwork to the SEC in order to register its shares for a direct listing on the Nasdaq. In a regulatory filing, Sezzle revealed that selling stockholders will offer up to 117M of the company’s share price. The filing […]
After being negatively impacted by the bank crisis, shares of merchant acquirers, a prominent fintech firm, rose on Tuesday. The problem that began at Silicon Valley Bank and spread to other financial institutions had an effect on Global Payments, Fiserv, and Fidelity National Information Services. On Tuesday, however, FIS stock rose 7%, FISV stock rose […]
Earlier this year, Payoneer went public on the Nasdaq in 2021 and announced new executive hires and a shift in strategy to prioritize its most profitable clients. The company recently reported solid financial results for the fourth quarter and the entire year of 2022, thanks mainly to the success of its technology that makes processing […]
The Fintech stock index fell 4.9% this week due to a combination of factors, but the market’s malaise affected all of our names over a five-day losing stretch. Doma Holdings fell 22% this week after reporting fourth-quarter revenues of $96 million, down 11% from Q3 2022. Due to the housing market, retained fees dropped 17% […]
As per the IPO news, concerns about the banking sector’s liquidity and its potential impact on smaller firms that rely on bank loans and capital have been triggered by the recent reports of Silvergate Capital’s closure of its banking operations for the crypto industry. After Silicon Valley Bank’s parent company, SVB Financial Group, reported a […]
Even though the IPO- Nasdaq market has begun to thaw, it will take a lot of work for fintech businesses to get widespread investor interest. It has been challenging for fintech to sustain greater valuations due to the cautious mindset of investors, increased cash-burn rates, dismal share, and mounting losses. Industry analysts expect fintech to […]
The UK’s top fintech company, Revolut, is on the approach of getting the banking license in the UK. This follows the company’s long-awaited release of its financial statements, which showed a profit for the first time. Top UK lawmakers have praised the fintech company’s rapid expansion, but the company has also come under fire for […]