FinTech IPO Index Slips 1.4% As Overseas Companies Show Mixed Results

It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place overseas this week. Chinese FinTech Futu, which still tops the index with a 300-point percentage return since its IPO, led the way with solid earnings or new partnerships, as did nCino and Affirm. All in, the index lost a bit more than a percentage point.

Among the notable winners and losers for the week:

Hong-Kong based Futu, an online brokerage and wealth management FinTech...