FinTech IPO Index Up Slightly as nCino's Gains Offset Huize's Slide
nCino(NCNO) PYMNTS·2024-03-29 08:00
Earning season’s set to begin in just a few weeks — but we’re still not quite done with, well, earnings season.The FinTech IPO Index was up 0.3% through the past five sessions as nCino’s stock soared 23%.The company’s latest earnings results showed that total revenues for the fourth quarter of fiscal 2024 were $123.7 million, a 13% increase year over year. Subscription revenues for the fourth quarter were $107.5 million, up 16% YoY. Total customers at the end of the latest fiscal year stood at just over 1,8 ...