Fitbit Inc (NYSE:FIT) finished the session Friday at the highest close since May on strong volume. The stock has been trying to close above the key resistance level at 16 a couple of times, but each attempt has been unsuccessful with the stock price each time retracing. However, and based on the volume of the last two sessions, the breakout seems to be round the corner and once it closes
Money is pouring into fintech. In 2014, global investment in financial technology startups spiked to USD 12 Billion. That’s three times what it was just a year prior, according to Accenture. There have also been some huge funding wins this year as well. Those are big, headline-grabbing numbers. But only using funding as a benchmark can mean focusing too heavily on consumer fintech – and ignoring another large fintech opportunity.