Tagged: financial results

February 13, 2022 @ 5:24 pm By Omar Faridi  |  

Fintech Affirm‘s (NASDAQ:AFRM) stock had fallen over 20% to a $58.68 share price on Thursday (February 10, 2022) following the firm’s disclosure of its Q2 results (which came ahead of schedule). Affirm closed the week at $46.55 after starting the year at over $95 so… Read More

December 26, 2021 @ 11:42 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a tech platform empowering the enhancement of the online consumer finance experience in China, announced that Min Luo, the firm’s founder, chairman and CEO, has informed the company that he plans to use personal funds to acquire up to $10 million of… Read More

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

August 26, 2021 @ 10:37 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed public Bitcoin mining firms in the US, recently shared its financial results “as of and for the three-months ended June 30, 2021.” Riot Blockchain’s unaudited financial statements are also available via the firm’s… Read More

July 30, 2021 @ 4:06 pm By Omar Faridi  |  

IuteCredit, a European personal finance firm, has shared its unaudited results for the first 6 months of 2021. As noted by the Mintos team, luteCredit has reported its operational, strategic, and financial highlights of its business, as well as comments from its Chief Executive. Operational… Read More

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

February 4, 2021 @ 10:56 am By Samantha Hurst  |  

  PayPal Holdings, Inc. (NASDAQ: PYPL) announced this week the release of its fourth quarter and full-year 2020 results. Despite the COVID-19 pandemic, PayPal reported that 2020 has the strongest performance in the payment platform’s history, with Total Payment Volume (TPV) being $936 billion, growing 31%… Read More

November 28, 2020 @ 4:43 pm By Omar Faridi  |  

Mercurity Fintech Holding Inc., which leverages blockchain or distributed ledger technology (DLT) to assist businesses with conducting “instant” cross-border transactions and remittance payments (through banks or financial institutions), has released its third-quarter 2020 financial results (for the period ending September 30, 2020). Mercurity reports (generally… Read More

November 10, 2020 @ 11:19 am By Omar Faridi  |  

Singapore based Razer recently revealed that it’s expecting to generate sizable profits for this current financial year after reporting around $40.3 million in adjusted losses for the year ending on December 31, 2019. The gaming and lifestyle focused firm stated that it managed to record… Read More

October 1, 2020 @ 9:54 am By Omar Faridi  |  

Triterras, a blockchain-based Fintech solution provider for trade finance, has released its financial results for the past six months (ending on August 31, 2020). Triterras generated $23.7 million in revenue during this time period. The company reported a net income of $14.2 million and its… Read More

December 1, 2019 @ 6:51 pm By Omar Faridi  |  

Galaxy Digital (TSXV: GLXY), a full-service cryptocurrency merchant bank launched by former hedge fund manager Michael Novogratz, has generated $58.4 million in net income during the first three quarters of this year, which represents a 133% increase from the same financial period in 2018. In… Read More

August 13, 2019 @ 2:53 pm By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

May 26, 2019 @ 9:44 pm By Samantha Hurst  |  

Canadian fintech Katipult announced last week its 2019 first quarter financial results for the three-month period ended March 31st. The company revealed that the first quarter 2019 is the fifth consecutive quarter of higher subscription revenues and marks its highest recorded subscription revenue and total… Read More

May 20, 2019 @ 2:01 pm By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More

May 13, 2019 @ 8:14 am By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Monday the release of the financial results for the first quarter of 2019. Prosper reported that during the quarter it closed its second warehouse facility with $300 million in commitments, providing the company with $500 million in total… Read More

May 5, 2019 @ 10:05 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Thursday its 2019 first quarter financial results. According to OnDeck, net income of $5.9 million, Adjusted Net Income of $8.3 million and gross revenue of $110.2 million. “Net income was $5.9 million, or $0.07 per diluted share, and decreased from the… Read More

April 16, 2019 @ 1:35 pm By Samantha Hurst  |  

Real estate crowdfunding platform Groundfloor announced on Tuesday its 2019 first quarter results and momentum. According to Groundfloor, Despite the government shutdown of the U.S. Securities and Exchange Commission for 35 days, it still experienced 123% percent non-GAAP first quarter revenue growth compared to the… Read More

March 29, 2019 @ 8:36 am By Samantha Hurst  |  

Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, has released the financial results for the full year ended December 31, 2018. Financial highlights include: Total Net Revenue, which includes the non-cash impact related to warrants to purchase preferred stock, decreased to $104.4 million… Read More

July 27, 2018 @ 9:47 am By Samantha Hurst  |  

On Thursday, equity crowdfunding platform Crowdcube released its 2018 second quarter update. Crowdcube revealed that 2018 has been a breakthrough year for its funding portal so far and that it has invested heavily in transforming its technology and processes last year, which has enabled it to… Read More

July 3, 2018 @ 9:58 am By Samantha Hurst  |  

UK marketplace platform for mortgages, LendInvest, announced on Tuesday its 2017 financial results, with the year ending on March 31st. The platform reported that the results revealed strong growth across all key metrics. LendInvest revealed that it currently manages more than  £820 million ($1.1 billion) on… Read More