J.P. Morgan Warns on Fintech Stocks 🚨

PLUS: 9fin’s $50M Boost 💥

December 03, 2024

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

🚨J.P. Morgan’s fintech stock warning 

💰9fin raises $50M for corporate credit

🌍Must-attend fintech events: Insurtech & Blockchain Show

J.P. Morgan analysts are raising concerns about fintech stocks despite their recent surge, warning investors to wait before jumping in.

🚨Breaking News: J.P. Morgan advises caution on fintech stocks, downgrading some big players like Upstart and upgrading others like Affirm.

⚡Wire Simplified –

  • J.P. Morgan is cautious about fintech stocks right now.

  • Some stocks like Upstart were downgraded for being overvalued.

  • Affirm and Shopify are seen as strong picks for growth.

  • The analysts suggest waiting for 2025 to invest heavily in fintech.

  • Their reasoning? A better economic outlook is expected next year.

✔️Straight to the Point –

J.P. Morgan suggests sitting tight on fintech stocks, predicting a better time to invest after earnings reports in early 2025.

9fin, a fintech startup based in the UK, just secured $50 million to expand its data services for the corporate credit market.

🚨Breaking News: 9fin raises $50 million to enhance its corporate credit data tools, aiming to shake up the finance sector.

⚡Wire Simplified –

  • 9fin focuses on providing data for corporate credit and asset-backed lending.

  • It raised $50 million in Series B funding.

  • The company plans to expand to the U.S. and tackle private credit markets.

  • With $25 million in annual revenue, they’re targeting $1 billion in the future.

  • Highland Europe led the funding round, boosting 9fin’s future growth prospects.

✔️Straight to the Point –

9fin is investing its new funds in technology to expand its corporate credit data services and make a big impact in finance.

🎤 Do you think 9fin’s services will disrupt the corporate credit market?

Login or Subscribe to participate in polls.

❝

I think $SOFI can achieve a $174 billion dollar valuation by 2030. 

They are not just a bank.

They are the AWS of fintech.

❝

$ASML is the best semiconductor play in the market. Easy 2x. 

$CELH is the best energy drink play in the market. 2-3x potential. 

$PYPL and $NU are the best fintech plays in the market. 2x and 3x potential.

$S is the best cybersecurity play in the market. 2x.

$HIMS is the best healthcare play in the market. 5x minimum. 

$TMDX is the best medtech play in the market. 2x minimum. 

There’s still a lot of value in these markets despite some very high valuations around.

  1. Insurtech Insights Asia 2024
    Asia's largest insurance conference, bringing together over 5,000 professionals to discuss AI, IoT, and blockchain in insurance.

    Date: December 4-5, 2024 | Location: Kerry Hotel, Hong Kong

  2. 15th NextGen Payments & RegTech Forum

    A gathering of global leaders to explore modernization and optimization in payments and regulatory technology.
    Date: December 10-11, 2024 | Location: Austin, Texas, USA

  3. Global Blockchain Show

    Insights from leaders and innovators on blockchain technology's impact across industries.

    Date: December 12-13, 2024 | Location: Dubai, UAE

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