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'Fintech: Down But Not Out,' Finds New MoffettNathanson Report

Fintechs Affirm and Toast saw a massive drop in stock value after MoffettNathanson analysts expressed systemic concerns with the companies’ growth. So reports CNBC.

toastAffirm offers “buy now, pay later” options for consumers, while Toast provides point-of-sale software for restaurants. MoffettNathanson began coverage on six companies in a new report titled “Fintech: down but not out,” which included ratings for Affirm and Toast.

Read the full article from CNBC.

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