The broader, tech-heavy NASDAQ is up 1.1% over the past five sessions, while the Dow hit a record high before retreating a bit.
But the FinTech IPO index experienced the opposite of this dynamic, slipping 1.6%.
Toast and nCino lead the decline
GrillThe stock fell almost 12%. As PYMNTS reported Thursday (December 5)a partnership between Toast and Uber — which started in 2021 — is growing. THE New integration between Toast Delivery Services and Uber Direct helps US restaurants save on delivery fees and expand their delivery radius, while using Uber’s delivery network to provide local delivery on phone orders and those made through Toast digital ordering channels, PYMNTS wrote.
Arrivedthe stock lost 6.5%. In A announcementthe company stated that Advia Credit Unionone of Michigan’s largest credit unions with $3 billion in assets and nearly 200,000 members across Michigan, Wisconsin and Illinois, has partnered with Upstart to offer personal loans to more than consumers.. Advia Credit Union began lending as an Upstart referral network partner in July. With Through the Upstart Referral Network, qualified personal loan applicants on Upstart.com who meet Advia’s credit policies will receive personalized offers as they progress through an Advia-branded experience to complete the member application online and the closing process.
AlkamiShares of were up 0.3%. THE the company said on Wednesday (December 4) that it had improved its data and marketing solutions platform. THE areas for improvement on suite of behavioral data tags to enable financial institutions to have deeper insights into account holders. That insights can help forge personalization across marketing channels and digital banking.
nCino‘s 10.9% loss occurred against a backdrop of profits. PYMNTES reported Wednesday this nCino executives told investors that “more than 30” multi-solution deals were completed during the quarter, indicating strong demand for nCino’s solutions. own end-to-end banking platform. nCino total revenue for the quarter was $138.8 million, up 14% year-over-year, with subscription revenue coming in at $119.9 million from thatalso up 14% year-on-year. Fourth Quarterly revenue guidance of $139.5 million to $141.5 million was below consensus.
Affirm prepares for the holidays
Furthermore, the BNPL company Affirm said he had in partnership with eight additional merchants to help their shoppers use flexible payment options over time. Consumers in the United States can now select Affirm as a payment option when paying to Agape diamonds, Discounted tire, Never/body, FullBeauty, Garmin, Hotels.com, Living spaces And Fresh water. Additionally, the Affirm Card, Affirm App And The best digital wallets allow consumers to access Affirm’s flexible payment options wherever they shop, Affirm said.. Approved Customers can choose a customized bi-weekly or monthly payment plan, including a 0% APR option available on eligible purchases.
Affirm stock was basically dish during the week.
Robin Hood stocks rallied 3.3% throughout the week. As reported by CNBC, CEO of Robinhood Vlad Tenev said during the company’s investor day that the company plans to expand into sports betting.
“We are carefully studying this space. Nothing I haven’t announced that yet, but it’s so important to our customers and to our culture that we’re excited about it,” Tenev said at the event, as reported by CNBC.
Robinhood stock is up 3.4% over the past week.
