The Fintech IPO Index Rose 1.7 Percent as Ejection Earnings Pushed the Platform Higher

The Pymnts’ fintech IPO index rose 1.7% for the week as stocks remained volatile following these earnings reports.

Across its most influential components, Katapult shares have been up 18.5% this week. The main news here is that Katapult Pay's total revenue is growing more than 150% annually to $55.6 million, with 55.9% of total revenue in Q1 2024 coming from repeat customers. Total revenue was $65.1 million, up 18.1%.

Blend Labs shares, in their turn, spiked just over 15%. The company's financial report showed that the company's Q1 2024 total revenue was $34.9 million, of which the Blend Platform segment revenue reached $23.8 million, and the Title segment revenue was $23.8 million. Another significant member’s — Paysafe — shares rose 15.2%. The company reported an 11% revenue increase in its merchant solutions unit, driven by e-commerce strength and demand from small and medium enterprises (SMEs). Last, but not the least, Robinhood shares have gained 3.4% over the past five trading days.