It was a tough week for the FinTech IPO index, with last week’s rally fading in the face of some year-end trades and news events. Every company, except OppFi, was down, leading the index to drop a shade over 6% for the week.
Among the biggest movers for the week:
Sezzle: The buy now, pat later platform was down 22.9% for the week following a critical report by Hindenburg Research.
The report alleged that Sezzle engaged in risky lending practices, including using high-interest...