Financial-tech companies underperformed both financial equities and tech stocks in 2022 despite being long-hyped for their goal of introducing Silicon Valley-style development to the lending, investing, and payments industries. Many fintech firms fell from prominence as a result of being
The Fintech stock and IPO Index were nearly destroyed last year. One number explains it all: The Index suffered a loss of more than 51%, making it dreadful. That was much worse than the 33% drop in the NASDAQ, which serves as a broad indicator of tech stocks, and about in line with the 52% […]
An Analysis of the Impact of Upstart & Affirm Upstart and Affirm both made headlines because of the immediate effect they had on the modus operandi of conventional finance. Upstart drew focus because it posed a challenge to credit reporting services by analyzing a wide variety of non-traditional variables, such as an individual’s learning, GPA, […]