BUZZ-US fintechs fall as market meltdown extends to third day

+3.70%

+7.91%

+6.05%

+3.31%

+6.21%

PayPal Holdings Inc PYPL	64.77	+3.70%
Pagaya Technologies Ltd Ordinary Shares - Class A PGY	10.91	+7.91%
LendingClub Corp LC	10.87	+6.05%
Block Inc Ordinary Shares - Class A XYZ	57.50	+3.31%
Upstart Holdings, Inc. UPST	46.71	+6.21%

** Shares of U.S. fintech companies fall premarket, extending losses for the third day after President Donald Trump last week announced tariffs on dozens of countries, prompting retaliation from China

** Upstart Holdings UPST.O down 7.6%, Pagaya Technologies PGY.O falls 6.8%, and LendingClub LC.N down 5.6%

** Affirm AFRM.O falls 5.5%, Block XYZ.N slips 5%, and PayPal PYPL.O drops 3.1%

** Analysts have said potential inflationary pressures from tariffs could weigh on consumer spending; market turmoil amid economic uncertainty could further dampen sentiment

** Swedish fintech Klarna paused its plans for a U.S. IPO on Friday as investor and consumer sentiments continue to erode amid a tariffs-induced global market rout

(Reporting by Ateev Bhandari in Bengaluru)

((ateev.bhandari@thomsonreuters.com))

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