Top Fintech Stocks for Long-Term Investment
Financial technology firms use IT to create advanced payment processing systems and automated financial services. Analysts and investors have taken note of the fintech sector’s resiliency in 2023, despite the decline in Fintech stocks that occurred in 2022. Long-term investment potential exists in the fintech business due to its projected 19.8 percent CAGR growth to 332.5 billion U.S. dollars by 2028.
AppTech Payments Corp
AppTech Payments Corp., trading under the ticker symbol “APCX,” is a financial technology firm whose flagship product, Commerse, is a fintech platform protected by patents that allow businesses to provide customers with unique shopping experiences. The platform is a consolidated ecosystem that provides mobile payments, merchant services and digital banking.
Block, Inc. (NYSE: SQ) is a leading financial services technology firm operating on a global scale. Square, Spiral, TBD and TIDAL are just a few of the products it owns that aim to make it easier for more people to participate in the economy. The price target of Block that Andrew Jeffret has set has increased from $85 to $105 per share.
PayPal Holdings, Inc.
PayPal Holdings, Inc. (NASDAQ: PYPL) manages a global payments network that facilitates electronic transactions between consumers and businesses. It is one of the top companies in the fintech market, with 432 million accounts. PYPL’s Q3 2022 revenue of USD 6.2B beat projections, with digital currency investment key to future growth.
Sofi Technologies Inc.
To help individuals with their financial needs, Sofi Technologies Inc. (NASDAQ: SOFI) provides a variety of banking, loan, and investment options. Apex Clearing Corporation was acquired by Sofi in 2022, allowing the company to expand its services to include stock and ETF trading for its clientele. Sofi’s revenue in Q3 2022 was USD 440 million, an increase of 96% year-over-year.