Brazilian fintech Agibank said on Thursday it was aiming to raise as much as $785.5 million in its initial public offering in the United States. ...

Nu Holdings won preliminary approval to perform some banking activities in the US, a first step by the Latin American fintech to move into the world’s largest economy https://t.co/5FTZ1q6vK0 ...

As filed with the Securities and Exchange Commission on January 29, 2026. Registration No. 333-292217 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Proem Acquisition Corp I (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– | Cayman Islands | 6770 | N/A | | --- | --- | --- | | ...

Core Insights - Pagaya Technologies Ltd. (PGY) operates a capital-efficient model that minimizes credit risk and market volatility by avoiding holding loans on its balance sheet, relying instead on a network of institutional funding partners and asset-backed securities (ABS) [1][10] Business Model - The capital raised is held in trust and deployed only when a lending partner originates a loan through Pagaya's AI-driven network, allowing loans to be quickly acquired by pre-committed funding sources [2] - This off-balance-sheet model is effective during periods of high interest rates and market stress, helping Pagaya minimize credit exposure and avoid significant loan write-downs [3] - PGY heavily relies on forward flow agreements, providing a predictable source of capital that maintains liquidity amid tightening credit markets and rising inflation [4] Competitive Analysis - Upstart Holdings, Inc. (UPST) is an AI-based lending platform that temporarily holds loans on its balance sheet, making it more volatile and exposed to macro cycles compared to PGY [5][7] - LendingTree (TREE) operates as a marketplace platform that does not underwrite or hold loans, thus maintaining a detached balance sheet from revenue generation [8] Financial Performance - PGY's stock has increased by 136% over the past year, significantly outperforming the industry's decline of 16.2% [9] - The Zacks Consensus Estimate for PGY's earnings for 2025 and 2026 remains unchanged at $3.10 and $3.41, indicating year-over-year growth of 273.5% and 10% respectively [11] - Currently, Pagaya's stock trades at a 12-month forward price-to-sales (P/S) ratio of 1.07X, well below the industry's 3.03X [12]

Group 1 - Affirm Holdings has submitted an application to establish Affirm Bank, a Nevada-chartered industrial loan company, which would allow the company to have an FDIC-insured institution and scale its business [1] - Analyst Kyle Peterson upgraded AFRM stock from "Hold" to "Buy" with a price target of $100, indicating a potential upside of 60% from current levels, viewing Affirm Bank as a "game-changer" for the company [2] - Approval for Affirm Bank is expected to be likely due to the government's push for deregulation and the company's strong risk management track record [3] Group 2 - Affirm offers Buy Now, Pay Later (BNPL) solutions, allowing customers to split purchases into flexible installments, and partners with retailers to provide seamless payment options [3][4] - The company has a market capitalization of $21.6 billion and extends unsecured loans assessed through credit evaluations and AI-driven models [4] - AFRM stock has experienced a 6% gain over the past 52 weeks but has declined 8% over the past six months, with a 38% drop from its 52-week high of $100 [5]

Core Insights - Marqeta Inc. (NASDAQ:MQ) has demonstrated a strong revenue growth of 20.11% over the past 12 months, but analysts have downgraded the stock rating to Neutral from Outperform and reduced the price target to $4.50 from $8 [1] - The company is projected to experience a 22% growth for fiscal year 2025, although it faces challenges such as the transition of Cash App Card's new issuance to Bancorp, which may impact its competitive position [1] - Wolfe Research has also downgraded Marqeta's rating to Peerperform from Outperform, citing similar headwinds and noting a 60% volume growth in the company's lending and buy-now-pay-later services in Q3 2025 [2] Company Overview - Marqeta Inc. specializes in the digital payment technology sector, offering a modern card issuing platform that provides infrastructure and tools for configurable payment cards, card issuer processing, and card program management services [3]

Core Viewpoint - Klarna Group plc is facing a class action lawsuit due to alleged misleading statements and failure to disclose material adverse facts regarding its business and operations following its IPO in September 2025 [5][6]. Group 1: IPO Details - Klarna conducted its IPO on September 10, 2025, selling 34.3 million shares at a price of $40 per share [2]. - Since the IPO, Klarna's share price has significantly declined, further impacting investors [4]. Group 2: Financial Performance - On November 18, 2025, Klarna reported its third quarter 2025 financial results, indicating a 39% increase in its provision for credit losses, attributed to changes in market and product mix, particularly an increased share of the U.S. market in its Gross Merchandise Volume (GMV) [3]. - Following this announcement, Klarna's stock price dropped by $3.25, or 9.3%, closing at $31.63 per share on the same day [3]. Group 3: Lawsuit Allegations - The class action complaint alleges that Klarna's management made materially false and misleading statements and failed to disclose the risk of increased loss reserves shortly after the IPO [5]. - It is claimed that the positive statements made by the management regarding the company's business and prospects were misleading and lacked a reasonable basis [5].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Klarna Group plc, alleging misrepresentations in the registration statement related to its September 2025 IPO, particularly concerning the company's business risks and loss reserves [1][3]. Group 1: Lawsuit Details - The lawsuit claims that the defendants materially understated the risk of increased loss reserves shortly after the IPO, which they either knew or should have known due to the risk profile of individuals using Klarna's buy now, pay later loans [3]. - Investors who purchased Klarna securities during the IPO are encouraged to join the class action lawsuit to discuss their legal rights and options [2]. Group 2: Legal Process - Individuals wishing to serve as lead plaintiff must file necessary documents by February 20, 2026, although participation as a lead plaintiff is not required to share in any potential recovery [4]. - All legal representation in this case is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [4]. Group 3: Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has a strong track record in class action litigation [5].

Group 1: Lemonade (NYSE: LMND) - The stock price of Lemonade surged by approximately 94% in 2025, but replicating this growth in 2026 may be challenging due to ongoing unprofitability and high valuation in a competitive market [1] - After reaching a peak of $145 in 2021, Lemonade's stock fell to under $10 per share in 2023, recovering to around $31 per share at the beginning of 2025, but investor sentiment has cooled as the company still seeks profitability [2] Group 2: Affirm (NASDAQ: AFRM) - Affirm, a notable player in the buy now, pay later sector, experienced a similar stock price decline, dropping to around $10 per share during the bear market, but has shown revenue growth and achieved profitability last year [6] - In Q1 of fiscal 2026, Affirm reported a 34% year-over-year revenue increase, with gross merchandise volume (GMV) rising by 42%, and net income of $81 million, a significant improvement from a $100 million loss in the same quarter the previous year [7] - Management anticipates a sequential revenue increase of 10% to 14% and a GMV increase of 20% to 23% for Q2, along with improved operating margins [7] - A potential cap on credit card interest rates proposed by President Trump could benefit Affirm by driving customers towards buy now, pay later options, as these would not be subject to the cap [8]

Paytm reported a third straight profitable quarter, helped by rising sales and cost cuts that have helped the Indian fintech pioneer rebound from regulatory troubles https://t.co/32esmJYQFI ...