Fintech is one of the most disruptive sectors of the financial industry and provides excellent opportunities for investors seeking high returns.
Despite the decline in fintech stocks in 2022, investing in fintech growth stocks remains a lucrative investment strategy for those willing to take on risk. Here are seven fintech growth stocks worth considering:
- Adyen (OTCMKTS:ADYYF)
- MercadoLibre (NASDAQ:MELI)
- Shift4 Payments (NYSE:FOUR)
- Global Payments (NYSE:GPN)
- Toast (NYSE:TOST)
- PayPal (NASDAQ:PYPL)
- Fair Isaac Corp. (NYSE:FICO)
When investing in fintech growth stocks, it is crucial to conduct due diligence and research the companies you are considering. You should seek out companies with strong financials, solid growth potential, and a competitive edge in their niche.
Adyen is a global payment technology company that provides customer payment solutions across multiple channels and devices. Adyen has continued to experience strong overall growth, with a 49% year-over-year increase in payment processing and 30% growth in total revenues.
Adyen’s success in North America and Asia makes it a promising investment for long-term investors.
MercadoLibre provides various fintech offerings in Latin America, including payment processing, digital wallets, and other financial services. The company’s offerings allow users to make payments, send money, and access credit in markets that may otherwise be underserved.
MercadoLibre’s strong growth across an underserved Latin American payments landscape provides excellent upside to long-term investors.
Shift4 Payments (NYSE:FOUR)
Shift4 Payments provides payment processing solutions and related services, including contactless payments, gift cards, loyalty programs, and advanced security and fraud prevention tools.
Shift4 Payments serves over 200,000 current partners across the US, Canada, Japan, and Europe and processes over $200 billion of transactions annually.
The company’s recent partnership with Mashgin is a promising development that will increase Shift4 Payments’ total processing volume substantially over the long-term.
Global Payments (NYSE:GPN)
Global Payments is a leading provider of payment processing solutions and related services, including point-of-sale systems, online payments, and fraud prevention tools.
The company’s recent acquisition of EVO Payments is expected to increase the firm’s addressable markets and strengthen its current B2B payment solutions portfolio. Global Payments is shifting toward enterprise clients and away from consumer-focused businesses, with plans to divest two businesses soon.
Toast provides a range of services to the restaurant industry, including point-of-sale systems, online ordering, and digital marketing. Toast’s revenue grew by 84% in 2021, and the company has continued to expand its offerings to include financial services such as payroll and loans.
The company’s expansion into the financial services sector makes it a promising investment for long-term investors.
PayPal is a well-known payment processing company that provides digital payment solutions to consumers and merchants worldwide. The company has over 400 million active accounts and processed over $1 trillion in transactions in 2021. PayPal has continued to innovate and expand its offerings, including its recent acquisition of Pinterest.
The company’s strong financials and innovative offerings make it a promising investment for long-term investors.
Fair Isaac Corp. (NYSE:FICO)
Fair Isaac Corp. is a provider of analytics software and decision-making tools used in the financial services industry.
The company’s offerings include credit scoring, fraud detection, and risk management solutions. Fair Isaac Corp.’