Affirm Leads Fintech IPO Index to 3.6% Gain for the Week of Aug. 26

It was a solid week for the Fintech IPO Index as Affirm, Bill.com and cloud-based digital banking provider Alkami led the group of 100 companies to a 3.6% gain for the week, closing the month of August at break-even as earnings season comes to a close.

Among the notable performances for the week that impacted their trading:

Bill.com reported strong financial results for Q4 and fiscal year 2024, with total revenue increasing 16% and 22% year over year (YoY), respectively. The company’s core revenue...