The FinTech IPO Index slid 2.8%, as earnings continued to come in, particularly from companies based overseas. Katapult shares led to the downside through the past five sessions, with shares down 23% during that time. The company said in its most recent earnings announcement earlier in the month that gross originations were $54.7 million, an increase of 18%. Katapult noted that 51% of gross originations for the second quarter of 2023 came from repeat customers. Total revenue was $54.6 million, an increase of 2.

https://www.pymnts.com/news/fintech-investments/2023/earnings-continue-to-dominate-as-fintech-ipo-index-loses-2-8-and-katapult-slides

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