The PYMNTS FinTech IPO Index rose 8.67% in a week driven by robust earnings from BILL and Payoneer, reaching a 24.39% increase YTD. BILL's revenue surged 18% year-over-year, fueled by SMB demand and new invoicing products, while Payoneer reported record volume and raised its 2024 outlook.
Conversely, Marqeta’s stock fell 32% after missing analysts’ expectations, despite strategic moves and partnerships. The market remains optimistic for SMB-centered fintech growth.