<ul><li>The FinTech IPO Index slid 1.6% while the broader tech-heavy NASDAQ was 1.1% higher.</li><li>Toast's stock declined nearly 12%, while Upstart's stock lost 6.5%. Alkami's shares were 0.3% higher.</li><li>nCino experienced a 10.9% loss in stock after reporting earnings. Affirm partnered with eight more merchants to offer flexible payment options.</li><li>Robinhood shares rose 3.3% and the company is considering an expansion into sports betting.</li></ul>

nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower

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