Technology stocks have been leading the stock market rally as of late and one industry within the tech sector has been particular good to investors. I am talking about fintech stocks. Just what are fintech stocks?
Fintech stocks are financial companies that are disrupting the way we traditionally do business thanks in large part to technology. For example, if bitcoin were a publicly traded company, they would be classified as a fintech stock. They are changing the way we pay for things away from physical currency and plastic and more towards digital currency.
But, bitcoin cannot be traded on the stock exchange so we have to settle for other companies that are making the most of technology. Below, you will get exposed to 3 great fintech stocks that are leading the way into the next decade and beyond.
3 Hot Fintech Stocks To Invest In Now
#1. Square (NYSE: SQ)
Even if you have not heard of Square, you certainly have been exposed to what they do. Have you recently shopped at a merchant, who when handing over your credit card, swipes it using their phone or tablet? If so, then you know Square.
Square provides small businesses the ability to accept credit cards. Traditional credit card terminals require upfront and ongoing costs, units and maintenance. With Square, you get a device that plugs into your phone or tablet and for a small processing fee, you can accept credit cards.
While this was the launching pad for Square, they have only scratched the surface of what they are capable of. In fact, here are 2 new segments Square is involved with:
