The term ‘Fintech’ is short for ‘financial technology. It refers to companies using technology to enhance or replace traditional, real-world financial services with digital ones. Many people invest in Fintech stocks because the market has experienced growth in recent years; if you find this interesting, below are some of the most popular stocks people are investing in.
Visa
Visa is one of the world’s leading and most trusted payment solutions companies. It’s one of the biggest companies around today. Nowadays, Visa has become so popular that it can also be used at online casinos as a payment method to play slot games such as Cash Volt. Its debit, credit, and prepaid cards facilitate worldwide electronic payments and money transfers. Its stock value has steadily grown over the last decade or so.
Block
Previously known as Square, Block is a company founded by Jim McKelvey and Jack Dorsey (the co-founder and previous CEO of Twitter). The company’s purpose is to help small and medium-sized businesses accept payments from customers using credit cards. It also enables these businesses to set up tablets and smartphones as payment registers.
Block owns several other businesses, including a payments app, a web-hosting service, and a buy-now-pay-later service. Its stock value reached highs of over $200 in 2021. However, this year, its value has gradually declined and is now just above $60.
Goldman Sachs
This well-established company has been up and running since 1869. It specializes in investment banking and financial services. It’s the world’s second-largest investment bank in revenue, behind JPMorgan Chase. Goldman Sachs’ stock values reached just over $400 in 2021. In 2022, they dipped to below $300 but have since rebounded and have continued growing again.
MercadoLibre
MercadoLibre is an Argentine company headquartered in Montevideo’s Uruguayan capital. It specializes in offering e-commerce services to the Latin American market and is the largest company of its type. Its valuation has experienced impressive growth in recent years thanks to the growing popularity of online shopping. Competitors such as Petrobras and Vale have yet to replicate the ongoing success of MercadoLibre.
What’s been driving MercadoLibre’s growth is Pago, the company’s payment platform for internet-based sales. The company’s stock is valued at around $950, though it reached highs nearly twice that figure last year.
Conclusion
If you’re considering investing in any of these stocks, research beforehand. Look into the company, learn about its history and analyze its market performance so you can make informed decisions about what you may invest it in. Stocks can be volatile, so it’s always best to plan.
