Lemonade simplified the byzantine process of purchasing homeowners, renters, term life, and pet insurance with a single artificial intelligence-powered app. Square's Cash App bundled together peer-to-peer payments, Bitcoin (CRYPTO: BTC) purchases, free stock trades, and other financial services into a single platform. At the time of its IPO in July 2020, about 70% of Lemonade's customers were under the age of 35.
(Bloomberg) -- Stripe Inc. will allow retailers to add Klarna Bank AB’s buy-now-pay-later service as a purchasing tool for customers, a deal that pairs up two of the world’s most valuable financial technology startups.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker
Stock prices have shrugged off inflationary concerns. Here's the quick answer why.