Financial technology, or fintech, has become one of the fastest-growing digital industry sectors in recent times. Fusing the concept of financial services with new technology, fintech companies aim to improve traditional methods of moving money around by offering lower costs, time efficiency, and improved access for businesses and consumers to manage their finances. We’ve put together a list of the most innovative fintech stocks for thematic investors. This list’s performance is calculated using an equally weighted method.
This list has performed -27.88% over the past year. By comparison, the S&P BSE Sensex Index is up 5.48% over the same period. The beta of this list, which is a measure of volatility, is high at 1.76. List beta is calculated using an equally weighted average beta of the securities within this list. This list includes 55.56% of technology stocks, 33.33% of financial stocks, and 11.11% of industrial stocks.
List performance is calculated using an equal-weight methodology. This list is generated by scanning the web and using our algorithms to surface potentially relevant securities to the topic. The list is intended to be educational and includes securities that may be suitable for a watchlist. It is not intended for investment or trading purposes. Microsoft does not recommend using the data and information provided as the basis for making any investment decision.
PAYPAL HOLDINGS, INC.
PYPL. PayPal Holdings, Inc. is a technology platform that enables digital payments and commerce experiences on behalf of merchants and consumers across the world. It operates a global, two-sided network at a scale that connects merchants and consumers with 426 million active accounts across more than 200 markets. Its brands include PayPal, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, Happy Returns by PayPal, Chargehound, Paidy, and Simility. The company helps merchants and consumers connect, transact, and complete payments, whether they are online or in person. It enables consumers to exchange funds with merchants using a range of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products, such as gift cards, and eligible credit card rewards. It also offers consumers person-to-person (P2P) payment solutions.
PayPal Holdings Inc. is -2.72% over the past month and -27.97% over the past year, underperforming the S&P BSE Sensex Index by -2.96% over the past month and -33.45% over the past year.
Visa Inc. (Visa) is a multinational payment technology company. The company accepts digital payments in over 200 countries and territories. Through technology, the company connects consumers, merchants, financial institutions, businesses, strategic partners, and government entities. The payment services segment is where the company operates. Through VisaNet, the company’s transaction processing network, it provides financial institutions and merchant clients with transaction processing services, primarily authorization, clearing, and settlement. Its primary business solutions include credit, debit, prepaid, and cash access programs for individuals, businesses, and governments. It also offers its clients value-added services such as issuing solutions, acceptance solutions, risk and identity solutions, open banking, and advisory services. It also provides products and solutions that make money movement easier for all participants. Visa Inc. is up 1.44% over the past month and up 0.40% over the past year, outperforming the S&P BSE Sensex Index by 1.21% over the past month and -5.08% over the past year.
COINBASE GLOBAL, INC.
COIN. Coinbase Global, Inc. is a financial technology firm that offers end-to-end financial infrastructure and technology for the cryptocurrency economy. The company provides retail users with the primary financial account for the crypto economy, institutions with a marketplace for transacting in crypto assets, and ecosystem partners with technology and services that allow them to build crypto-based applications and accept crypto assets as payment. The company is developing technology and financial infrastructure products and services that allow anyone with an Internet connection to discover, transact, and engage with crypto assets and decentralized applications. It provides Coinbase Prime, a one-stop shop for institutions interested in participating in the cryptocurrency economy. Its flagship product, Coinbase Prime, combines advanced trading, custody, real-time market data and analytics, and financing options.
Global X FinTech ETF
FINX. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the INDXX Global Fintech Thematic Index. The Underlying Index is designed to provide exposure to exchange-listed companies in developed markets that provide financial technology products and services. Global X FinTech ETF. is up 4.81% over the past month and down 30.33% over the past year, outperforming the S&P BSE Sensex Index by 4.57% over the past month and -35.81% over the past year.
BLOCK, INC.
SQ. Block, Inc. develops tools to help businesses, sellers, and individuals participate in the economy. Square and the Cash App are two of its segments. Square’s managed payment services, software solutions, hardware, and financial services products are available to sellers. The square segment also provides GoParrot, a restaurant digital ordering and marketing platform. The Cash App segment includes the financial tools that individuals can access through the mobile Cash App, such as peer-to-peer payments, bitcoin, and stock investments. Cash Card, which is linked to customer-stored balances and can be used to pay for purchases or withdraw funds from an ATM, is also part of the Cash App segment. Square’s ecosystem includes over 30 software, hardware, and financial services products. It is creating an ecosystem with the Cash App. Financial products and services assist people in managing their money by making them relatable, instantly available, and universally accessible. Block Inc. is up +5.75% in the last month and down -23.23% year to date, outperforming the S&P BSE Sensex Index by +5.51% in the last month and -28.71% year to date.
