4 main FinTech stocks to watch before November 2021

4 Hot Fintech Actions For Your Watchlist Right Now

As the world continues to evolve with technology, fintech stocks continue to attract investors to the stock market. For those unfamiliar with the term, fintech is used to describe technology that aims to improve and automate the use of financial services. Therefore, by leveraging specialized software and algorithms, fintech aims to help businesses, business owners and consumers better manage their financial operations. In recent years, you must have heard of cryptocurrencies like bitcoin. Well, many see cryptocurrencies as part of fintech as they are slowly being accepted around the world as a legitimate currency.

When a fintech juggernaut like PayPal funds (NASDAQ: PYPL) is starting to embrace cryptocurrencies, this could be a sign of bigger things to come. As of last month, users in the UK can buy, hold and sell cryptocurrencies such as Bitcoin and Etherium directly from their PayPal account. Could Bitcoin and other cryptocurrencies be a viable payment option for goods and services around the world one day? Only time will tell. With all that is said and done, do you have a list of the best fintech stocks on the stock market today?

Best FinTech stocks to watch today


Visa is an American multinational financial services company headquartered in California, United States. Essentially, the company facilitates electronic funds transfers around the world through Visa branded credit, debit and prepaid cards. Its transaction processing network, VisaNet, facilitates the authorization, clearing and settlement of payment transactions. V-share has risen by over 20% in the past year.

Yesterday the company announced its fourth quarter financial results. Visa reported net sales of $ 6.6 billion, an increase of 29% year-on-year. In addition, its GAAP net income was $ 3.6 billion or $ 1.65 per share. This exceeds analysts’ expectations of $ 1.54 per share according to data from Refinitiv. For the most part, these encouraging figures are due to a pickup in travel and increased online spending. Not to mention that the improving global economic situation also contributed to higher volume growth.

In fact, we saw its total payment volumes increase by 17% in constant dollars compared to the quarter of the previous year. At the same time, the number of transactions processed by Visa increased to 45.3 billion, an increase of 21% year-on-year. Well, the company believes the rebound in cross-border travel will continue throughout fiscal 2022. With that in mind, would you consider adding Stock V to your watch list?

Source: TD Ameritrade CGU

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Another leading fintech company on the radar of many investors would be MasterCard. Simply put, the company is a technology company that connects consumers, financial institutions, merchants, governments, and businesses around the world. To do this, it allows the use of electronic forms of payment. In addition to this, the company also offers integrated offerings such as information and analysis services, advice and reward programs.

On Monday, Mastercard announced that any bank or merchant in its vast network will soon be able to offer crypto services. This includes bitcoin wallets, credit and debit cards that earn crypto rewards while allowing spending on digital assets. The announcement could lead to a significant expansion in the way people earn and spend cryptocurrencies. To make this possible, the company will partner with Bakkt Holdings (NYSE: BKKT), a crypto firm recently formed by Intercontinental exchange (NYSE: ICE). Bakkt will be responsible for childcare services for those who register.

As some of you may know, Mastercard will announce its third quarter financial report on Thursday. Analysts expect the company’s sales to grow 29% year-over-year to $ 4.95 billion. On top of that, its earnings per share are expected to be $ 2.19, up 37% year-on-year. So, avid investors will keep a close eye on the business this week. All things considered, would MA stock be one of the best fintech stocks to watch right now?

MA stock chartSource: TD Ameritrade CGU


Then we have the cloud-based artificial intelligence (AI) loan platform, Reached. In detail, the company’s platform aggregates consumer loan demand and connects it to its network of Upstart AI-enabled banking partners. Thanks to its multi-tenant cloud application, it can integrate seamlessly into a bank’s existing technological systems. UPST stock has climbed more than 1000% in the past year.

Earlier this month, the company announced Upstart Auto Retail software which includes AI-based financing. The cloud-based solution will improve the car shopping experience for consumers and dealers alike. In addition, this new software will also provide access to auto loans powered by Upstart. As a result, dealers can instantly offer affordable financing to more of their customers.

On top of that, Berkshire Hills Bancorp (NYSE: BHLB) also recently partnered with Upstart. The bank will expand consumer lending options through a digital experience made possible by Upstart’s lending platform and referral network. It would also make credit more accessible, which is in line with her goal of reaching more people in her community. Overall, Upstart’s offerings appear to be in high demand. Given these developments, do you have any UPST stocks on your watchlist?

best fintech stocks (UPST stock)Source: TD Ameritrade CGU

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Last but not least, we have the global payment services company, Payer. It helps individuals and businesses send money and make payments around the world. In addition, it offers a range of services including cross-border payments, physical and virtual Mastercard cards, risk management and other services.

Recently, the company announced a new partnership with Coupang (NYSE: CPNG), one of the largest e-commerce companies in South Korea. The collaboration aims to provide hundreds of thousands of sellers around the world with the opportunity to expand and sell its products in South Korea. By leveraging Payoneer’s technology and expertise to improve Coupang’s payment capabilities, cross-border businesses will be more transparent to sellers on Coupang.

Financially, Payoneer has also moved in the right direction. In its first quarter as a public company, its revenues increased 42% to $ 110.9 million. In addition, transaction volume increased to $ 13.6 billion, up 29% year-over-year. As the company continues to execute on its long-term strategy to be the go-to global partner for digital commerce around the world, its next third quarter earnings report will be important. So, would you consider investing in PAYO shares ahead of the release of its results on November 10?

PAYO stock chartSource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

About Mary Moser

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