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SoFi's Record Quarter, Sezzle's 38% Margin & RBA's Third Hike | May 2026
Audio is available on Spreaker — see link below.
SoFi beat every earnings metric and still lost 15% as flat guidance signalled no Fed rate cuts — a masterclass in how central bank policy now drives fintech valuations. Plus Sezzle's stunning profitability, a $240M India round, and JPMorgan's push into early-stage startups.
Audio is available on Spreaker — see link below.
SoFi just reported its best quarter ever, and the stock dropped fifteen percent. That gap between performance and reaction is the clearest signal of where fintech markets are right now.
While SoFi absorbed the attention, Sezzle posted results that deserve more than they're getting. The BNPL platform reported forty-eight point four percent year-over-year subscriber growth, revenue growth of twenty-nine point two percent, and a net profit margin of thirty-seven point nine percent.
Back to SoFi for a moment, because the crypto revenue line deserves its own framing. Two hundred thirty-nine point five million dollars in a single quarter, from a standing start twelve months ago.
Australia's central bank raised its cash rate twenty-five basis points to four point three five percent. That's three consecutive hikes, and eight of nine board members voted for it.
India closed sixteen venture deals in a single week, totalling three hundred and three million dollars. The headline is Rapido's two hundred forty million dollar round at a three billion dollar valuation, led by Prosus.
JPMorgan quietly expanded again, opening eighteen new branches in May while also consolidating its position at the top of global technology investment banking. The shift worth watching is JPMorgan's move toward early-stage startup clients, not just the large-cap tech mandates.
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