Earnings Drive FinTech IPO Index 8.1% Higher, Led by Sezzle and Open Lending  

The earnings season floodgates opened this past week for the FinTech IPO Index, and outsized gains by several names sent the overall index up by 8.1%.

Sezzle shares led the gains, up 44.1%. The company’s latest earnings indicated that gross merchandise volume (GMV) surged 64.1% year over year to $808.7 million, fueled by increased subscriber and on-demand user engagement. Total revenue climbed 123.3% to $104.9 million, marking a new quarterly high. Consumer purchase frequency rose sharply to 6.1 times per year...