Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»FinTech IPO Index Gains 3.7% as Upstart and Paymentus Lead
    Fintech

    FinTech IPO Index Gains 3.7% as Upstart and Paymentus Lead

    October 18, 20243 Mins Read


    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 sure. But in the meantime, in the past week, the prime movers of the FinTech IPO Index’s 3.7% surge came through the platforms, where partnerships and new products represented a broadening of the features and services offered to individuals and to businesses.

    That’s not to say that all platforms rose in lockstep. Futu shares sank 16.3%.

    The company said this week that it had launched its ETF-based intelligent robo-advisory services, a new feature designed to deliver personalized investment solutions tailored to clients’ risk appetites and investment preferences.

    The company said it is working with BlackRock to offer Target Allocation ETF Model Portfolios powered by BlackRock strategies and insights.

    Several Platforms Gain Ground

    Other platforms’ surges more than tipped the balance of the index’s momentum to the upside.

    As reported by PYMNTS, Paymentus — which saw its stock roar ahead by 24.3% — has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator added to the Guidewire ClaimCenter, and is designed to help insurers rapidly weave instant digital disbursement capabilities into their claims management processes.

    The accelerator, the release said, lets policyholders get payouts in the way they wish, including payments to digital wallets, credit or debit cards, ACH transfers or via check. 

    Upstart’s stock gained 20.5%.

    In an annoucement late last week, the company detailed a programmatic purchase commitment from funds managed by Blue Owl Capital. Blue Owl’s Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months. The transaction includes an initial acquisition of a $290 million personal loan portfolio, which closed in September. 

    The transaction was structured and closed by Atalaya Capital Management, an alternative credit manager that focused primarily on asset-based credit investments across consumer and commercial finance, corporate and real estate assets.

    Alkami and Nutmeg State Financial Credit Union launched the latest version of its digital banking services with the Alkami Digital Banking Platform. The credit union’s members, per the announcement, have access to a wide range of online and mobile banking services, ranging from account aggregation, and financial wellness education and services.

    Alkami shares were up 5.7%

    SoFi is expanding its loan platform with a new $2 billion investment.

    The new “loan platform business agreement,” announced this week is based on funds that will be managed by affiliates of Fortress Investment Group. The agreement expands the capabilities of SoFi’s loan platform business, where the company refers prequalified borrowers to loan origination partners, while also originating loans on behalf of third parties.

    The announcement follows last week’s news that SoFi had added two new credit cards to its digital financial services offering: one for consumers who prioritize earning rewards on their daily spending, the other for those focused on building or improving their credit scores.

    SoFi shares added 14.4% through the past five sessions.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Le bénéfice de K Cash Fintech devrait augmenter au premier semestre

    Fintech

    Les fintechs sont de retour en bourse : au tour des françaises ?

    Fintech

    Pourquoi les néobanques attaquent le marché des petites entreprises

    Fintech

    Qonto, la fintech française, sollicite une licence bancaire et vise 2 millions de clients d’ici 2030

    Fintech

    Les fintechs marocaines à l’honneur lors de l’Immersive Fintech Day 2025

    Fintech

    les clients français vont adorer ces nouvelles cartes spéciales NBA

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Tariffs, tax cuts, energy: What is in Donald Trump’s economic plan?

    Commodities

    Northwestern High School students turn metal, glass into art – Superior Telegram

    Commodities

    L’or, une valeur refuge qui enchaîne les records

    Editors Picks

    Wilmington, NC, bed and breakfast on USA TODAY’s list of nation’s best

    July 27, 2024

    Eswatini turns to nuclear technology to transform agriculture, health care, energy

    August 17, 2024

    découvrez ces deux paires de sneakers insolites

    February 28, 2025

    REP WEISSMAN: Here’s a plan to keep local property tax control local

    August 26, 2024
    What's Hot

    U.S. Government’s Crypto Holdings: Everything You Must Know

    August 17, 2024

    I’m a commodities sceptic, but even I see an opportunity in the green transition

    July 25, 2024

    New Cryptocurrency Releases, Listings, & Presales Today – bAI Fund, Renta Network, WAVE

    April 2, 2025
    Our Picks

    Why Are These 3 High-Yield Dividend King Stocks Near 52-Week Lows While the S&P 500 Just Hit an All-Time High?

    July 2, 2025

    Bartronics Plans to Expand into Fintech, Acquires Stake in Jarvis

    August 24, 2024

    Le marketing des courbes n’est pas durable…

    April 16, 2025
    Weekly Top

    Ukraine imposes sanctions on Russian financial, cryptocurrency schemes

    July 6, 2025

    BAY Miner Announces Major Launch: Free Mobile Cloud Mining App Drives Global Expansion into Eco-Friendly Cryptocurrency

    July 6, 2025

    la station d’énergie portable qui veut tout faire, partout

    July 6, 2025
    Editor's Pick

    Journalism Matters: Park City can win gold solving Olympian challenges

    July 23, 2024

    les fondamentaux de l’or restent bons

    September 4, 2007

    Avino Silver & Gold Mines (NYSE:ASM) Shares Down 7.6%

    July 18, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.