FinTech IPO Index Loses 0.4% Despite Big Gains by Upstart and Sezzle

The wild Wall Street ride continues as earnings have moved the FinTech IPO Index hither and yon, though the past week wound up being mostly a draw, as the overall Index slipped a relatively tame 0.4%.

Despite the cases where several names reported positive momentum, new subscribers, loan originations and other advancing metrics, the overall selloff that bedeviled markets globally at the beginning of the week was enough to paint most of our names with a broad (red) brush of negative performance.