7 Affordable Fintech Stocks to Invest in Before the 2023 Boom
Financial technology may be the last thing that comes to mind when considering areas that have a possibility to bounce back in 2023. For starters, several of these fintech shares are currently oversold. That implies they’re ideally positioned to appreciate as the economy improves. This is the place to go if you are looking for an inexpensive way to invest.
Secondly, several fintech firms are entering areas such as finance and “buy now, pay later.” These assist the unbanked or underbanked in gaining the financial freedom they require. These organizations have a solid connection to Gen-Z, a population with a distaste for conventional banking and a desire for digital alternatives.
Here are 7 cheap fintech shares to purchase.
- UPST stands for Upstart Holdings – $15.40. Upstart is a lending platform that uses AI and machine learning to evaluate creditworthiness.
TOST Toast – $19.24. Toast offers software and hardware point-of-sale systems to the restaurant industry.
AFRM Affirm Holdings – $11.32. As inflation rose in 2021 and 2022, the popularity of the “buy now, pay later” trend increased, and Affirm emerged as a prominent player in this movement.
- FISV Fiserv – $101.53. Fiserv provides the platform for other organizations to support account processing and digital payments in several ways.
BFH Bread Financial – $39.09. Bread Financial focuses on digital solutions that provide convenience, control, and financial autonomy to consumers and businesses.
- SOFI SoFi Technologies – $5.15. There are many allegations against SoFi Technologies, and it’s clear that the company is not losing clients, as seen in the significant revenue growth, which was up more than 60% in the last year.
- BILL from Bill.com – $102.40. Like other companies on this list, Bill.com shows consistent financial growth, as seen in their increasing revenue on a quarter-over-quarter and year-over-year basis.
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