This week, (NASDAQ: SOFI) SoFi Technologies stock is exhibiting enormous gains. According to information provided by S&P Global Market Intelligence, as of Thursday at 2:00 p.m. ET, the share price of the fintech-services company had risen approximately 30 percent from last week’s
In April, shares of the fintech company Upstart (NASDAQ: UPST) fell 13% despite the absence of specific news regarding the company. As a banking-related business, Upstart felt the effects of the banking crisis, resulting in a decline in its stock price. In 2022, as per Upstart stock news, it had already declined by 91% from […]
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 […]
The latest legal controversy surrounding cryptocurrency may come in the form of a large class action lawsuit from ordinary investors against major U.S. cryptocurrency exchanges. According to a news release assessed by FOX Business, securities attorney Tom Grady, widely recognized as one of the nation’s leading investor fraud attorneys, is getting prepared for future
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 […]
Financial technology firms use IT to create advanced payment processing systems and automated financial services. Analysts and investors have taken note of the fintech sector’s resiliency in 2023, despite the decline in Fintech stocks that occurred in 2022. Long-term investment potential exists in the fintech business due to its projected 19.8 percent CAGR growth to
Investing in fintech stocks may be a good option. By using cutting-edge technology to develop game-changing products, fintech firms are challenging the status quo of the conventional financial services industry. Fintech companies were volatile in 2022, as per the stock news, with payment stocks generally lagging behind the S&P 500’s decline of roughly 19%. Listed
This year has been difficult for the fintech and cryptocurrency industries. Former FTX CEO Sam Bankman-Fried faces multiple allegations, including wire fraud, money laundering, and securities fraud. Amit Bhardwaj, the founder of GainBitcoin, and Markus Braun, the former chief of Wirecard, have been accused of fintech fraud. The college planning company Frank’s