7 Fintech Stocks to Buy for Royal Returns
In 2021, companies within the fintech sector raised well over $120 billion . Roughly $1 out of every $5 of venture capital funding went to a fintech startup. Clearly, many large investors were enthusiastic about fintech firms. For those who also want to get on this bandwagon, I will present seven fintech stocks to buy for royal returns. However, macroeconomic challenges and a looming recession have restrained fintech stocks through the first nine months of 2022. Specifically, the KBW Nasdaq Financial Technology Index has lost 27.5% so far this year. By comparison, the SP 500 index has declined 18.7%. Yet the sharp retreat of fintech shares has made the valuation of many of these names more attractive, creating compelling buying opportunities for growth investors. Moreover, the long-term outlook of the fintech space still appears to be attractive. That’s because of the continued rise of e-commerce and the growing adoption of mobile payments. With that said, here are the seven fintech stocks that could generate long-term returns.
7 Fintech Stocks to Buy for Royal Returns
In 2021, companies within the fintech sector raised well over $120 billion . Roughly $1 out of every $5 of venture capital funding went to a fintech startup. Clearly, many large investors were enthusiastic about fintech firms. For those who also want to get on this bandwagon, I will present seven fintech stocks to buy for royal returns. However, macroeconomic challenges and a looming recession have restrained fintech stocks through the first nine months of 2022. Specifically, the KBW Nasdaq Financial Technology Index has lost 27.5% so far this year. By comparison, the SP 500 index has declined 18.7%. Yet the sharp retreat of fintech shares has made the valuation of many of these names more attractive, creating compelling buying opportunities for growth investors. Moreover, the long-term outlook of the fintech space still appears to be attractive. That’s because of the continued rise of e-commerce and the growing adoption of mobile payments. With that said, here are the seven fintech stocks that could generate long-term returns.