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The Rise & Fall of a Fintech Star: Stripe’s Tech Stock Tale

World Fintech News March 8, 2023 0

The Irish brothers’ John Collison and Patrick, who co-founded the fintech darling Stripe, are looking to raise new capital at a lower value than before as the company mulls over potential IPO options. Since it is uncommon for a startup to obtain capital at a lower valuation, the move has

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Tech Stock

FinTech Index Plummets as “Busted IPOs” Take their Toll

World Fintech News January 23, 2023 0

Last year’s carnage on the Nasdaq, share price, tech stock, and IPO index was unbelievable. Data says it all in generic terms: With a decline of more than 51%, the Index had a dreadful, no good, let’s put it in the rearview mirror year. That was approximately in line with The Wall Street Journal’s 52% […]

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Tech Stock

Nuvei’s $1.7 Billion Acquisition of Paya in CAD Deal

World Fintech News January 21, 2023 0

Nuvei, a FinTech firm in Montréal, has agreed to buy Paya Holdings for 1.7 billion USD. Nuvei announced its intention to acquire Paya for $9.75 USD a share on Monday, as the former seeks to expand in the United States and enter new verticals. It aims to finance the transaction with cash on hand and […]

Vector image of a graph illustrating the stock price decline.

Tech Stock

Apple Stock Topples as Orders From Asia Cut Off

World Fintech News January 9, 2023 0

Following the news that the company has reduced its orders from Asian manufacturers for the MacBook, Apple Watch, and AirPods, Apple stock had a poor start in 2023. Apple’s fiscal first-quarter financial results are anticipated in late January. Nikkei Asia claims that the IT giant has scaled back orders from vendors for most of its […]