<ul><li>The FinTech IPO Index started 2025 with a 3.6% decline as overall markets experienced volatility.</li><li>Platforms like Blend, Lemonade, and SoFi led the downside, with SoFi being downgraded by KBW due to valuation and financial target concerns.</li><li>However, Katapult witnessed a 23% rise, partially offsetting the losses in the Index.</li><li>Huize regained compliance with Nasdaq listing requirements, while Robinhood shares slightly declined and Nubank's stock was higher by 2.9%. Janover also announced its decision to accept payments in cryptocurrencies.</li></ul>

2025 Debuts With a Platform Plunge as FinTech IPO Index Slides 3.6%

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