Tag
#fintech
Burry buys MercadoLibre in the $1,600s after post-earnings drop
Michael Burry bought a full position in MercadoLibre after the stock fell 13% on a Q1 margin miss, betting his IV15 framework will prove right over a 15-year horizon.
SoFi's $1.5 billion capital raise was opportunistic
SoFi raised $1.5 billion at $27.50 a share, sparking a 6% slide despite record Q4 revenue. CEO Anthony Noto calls it opportunistic; Bank of America questions the timing.
Green Dot net income jumps 109% to $53.8M ahead of Smith Ventures sale
Green Dot Q1 net income more than doubled to $53.8 million as the fintech bank holding company posted a 17 per cent revenue gain and its widest EPS beat in six quarters ahead of a planned sale to Smith Ventures and CommerceOne.
Parker files Chapter 7 after Avalara deal collapse; $58m equity wiped
The e-commerce credit card startup shut down on 4 May after acquisition talks with tax-software firm Avalara collapsed. The Chapter 7 filing lists $50m to $100m in both assets and liabilities.
Paga to offer tokenized bonds and real estate on Sui blockchain
Nigerian fintech Paga will offer tokenized bonds, real estate, and high-yield dollar accounts through a partnership with the Sui blockchain, the company announced on 7 May at Sui Live in Miami. The move positions Africa's largest non-bank payment processor to serve a continent where 57 per cent of adults lack a bank account.
Nubank profit climbs 50% to $895m, plans $8.2bn Brazil investment
Nu Holdings fourth-quarter net income jumped 50 per cent to $894.8m as the Latin American digital bank reached 131m customers across Brazil, Mexico, and Colombia. The company plans BRL 45bn in Brazil investment for 2026.
Intuit (INTU) rises 4.9% as QuickBooks Workforce AI, Credit Karma expansion land
Intuit shares rose 4.9 per cent on May 7 after the company unveiled QuickBooks Workforce, an AI-native HCM platform for small businesses, and opened Credit Karma to the estimated 17 million US adults without a credit history. The product push builds on strong Q2 results that beat consensus.
Affirm Q3 revenue rises 33% to $1.04bn, EPS beats by $0.13
Affirm Holdings reported fiscal third-quarter revenue of $1.039 billion, beating analyst estimates by more than 4 per cent, as GMV rose 35 per cent to $11.6 billion. Diluted EPS of $0.30 topped the $0.17 consensus and the stock rose 1.29 per cent after hours.
SoFi (SOFI) Q1 revenue beats, profit doubles, but unchanged 2026 guidance sinks stock 15%
SoFi Technologies reported record Q1 revenue of $1.10 billion and net income of $166.7 million, its tenth straight profitable quarter. The stock fell 15 per cent on the day after management left full-year guidance unchanged.
Robinhood bets prediction markets can fill crypto revenue gap
Robinhood is positioning its prediction markets subsidiary as the next growth engine after crypto transaction revenue fell 47 per cent year over year in the first quarter, betting its 27.4m funded customer base can outscale dedicated platforms Kalshi and Polymarket.
Visa Q2 revenue jumps 17% to $11.23bn, strongest growth since 2022
Visa reported Q2 revenue of $11.23bn, up 17% year over year and $480m above consensus, its strongest top-line growth since 2022. Adjusted EPS of $3.31 beat by $0.22. The company raised full-year guidance and authorized a $20bn buyback, sending shares higher after hours.
Block Q1 beats by $0.17, raises FY26 gross profit outlook to $12.33B
Block reported Q1 adjusted EPS of $0.85, beating consensus by $0.17, as gross profit rose 26% to $2.91B. The company raised its full-year 2026 gross profit outlook to $12.33B, sending shares up 9.8% in after-hours trading.
Mastercard ties up with Yellow Card to push stablecoin rails across EEMEA, opens with five-country pilot
Mastercard signed a partnership on Wednesday with African crypto-payments operator Yellow Card to roll out dollar-stablecoin payment infrastructure across Eastern Europe, the Middle East and Africa, with pilots in Ghana, Kenya, Nigeria, South Africa and the UAE.
