SoFi (NASDAQ:SOFI) received regulators’ approval to become a bank holding company — sending its stock up 14%. What’s the big deal? Financial super app, SoFi, has been chasing a bank charter for over three years — in order to reduce costs and improve its product offering in investing, banking products and loans . As a…
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Short seller Spruce Point hits Fintech Nuvei hard
Short seller, Spruce Point Capital, strikes again with a short report on Canadian fintech Nuvei (NASDAQ:NVEI) — sending its stock down as much as 56% before part of its losses were recovered. When investing gets real personal… Spruce Point is an investment manager focusing on short-selling (i.e. betting against companies) — known for writing short…
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Nubank IPO: The largest neobank hits the stock market
… And it requires no tellers. Neobanks — a fintech buzzword for “digital financial services” — are recently exploding in popularity. Today, Nubank — the industry’s poster child — is going public. Say goodbye to physical banks Neobanks are disrupting traditional banking with more accessible and cheaper products — made possible by their lack of…
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Jack Dorsey goes all in on crypto with Square
Early this week, Jack Dorsey — the CEO and co-founder of both publicly traded Twitter and Square — announced his departure from Twitter. Now he can truly devote his time to Square and Bitcoin. His first order of business — changing Square’s corporate name to “Block” — perhaps a gesture to crypto’s underlying tech, blockchain….
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PayPal on a downward spiral over competition and growth concerns
Fintech giant, PayPal (NASDAQ:PYPL) is stuck in a downward spiral — while the payments industry continues to rise. What’s the big deal? A pandemic shift to digital and e-commerce benefited PayPal — the payments super app that makes payments and transfers easy at a low cost. But growth stalled in 2021 — sending PYPL down…
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Robinhood impacted by falling crypto trading volume
Looking for something scary to do during Halloween? Just take a look at Robinhood’s earnings report — filled with deteriorating metrics that sent its stock down 10%. What’s the big deal? Retail investing is here to stay — except investors are taking their money to another part of the market, exchange-traded funds (ETFs). Retail investors…
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Canadian tech companies make their way to the US markets
Canadian tech companies are making their presence in the US markets known — as the number of dual listings on the Canadian and US stock exchanges rise. US investors are getting more access to the Canadian tech sector — on the verge of exponential growth and at cheaper valuations than US stocks. Coming to a…
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Retailers add buy now pay later options before the holidays — igniting the industry
The buy now pay later (BNPL) industry has been on fire — and it looks like it’s just getting hotter this holiday season. What’s the big deal? Retailers are stocking up on BNPL options (the alternative form of payment) for the holidays, which is helping Affirm (NASDAQ:AFRM) — the largest public BNPL company: Target partnered…
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SoFi the fintech giant disrupting the banking industry
SoFi, the fintech giant is going through a transformation investors dream of. The student loan company turned financial super app shot up 11% yesterday after receiving a buy rating from Jefferies analyst John Hecht. SoFi is one of the many companies disrupting the age-old banking industry — one that’s been way too comfortable for centuries….
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Affirm strikes massive deal with Amazon — puts buy now pay later industry in focus
Last Friday, Affirm, the buy now pay later (BNPL) company, announced a partnership to offer BNPL to Amazons’ customers — sending Affirm’s stock up 47%. What’s the big deal? With Amazon as a partner, Affirm now has several of the biggest e-commerce giants offering its payment option. In the past few years, Affirm partnered with…
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