A Holiday Miracle: This Fintech Company Had a Great 2022!

Plus, Fidelity wants to be the metaverse's banker.

Number of the Week: -92% (explanation below)

A Holiday Miracle: This Fintech Company Had a Great 2022!

A version of this post was first published on Observer.com.

This was an especially horrible year for fintech companies, not only the obvious victims of the Terra/Luna and FTX meltdowns, but also for recently dominant public fintech companies like Affirm (down 91% for the year to date), Coinbase (down 86% for the year), PayPal (down 63% for the year), and Root (down 92% for the year).

There has to be some joy, however, in concluding even an abysmal year on a positive note, and so FIN is pleased to offer up a company that has, by nearly all measures, had a stellar 2022: