Tuesday, September 7, 2021

Fintech stocks

Financial technology or “fintech” are new products or services that can change the way the financial sector works. 

The companies leading this innovation are focused on improving: 
  •  Blockchain Technology 
  • Transactions 
  • Customer Facing Platforms 
  • Funding Platforms 
  • New Intermediaries 
  • Loan Origination

Fintech thematic ETFs:
ARKF Fintech Innovation ETF (ARKF)
Global X FinTech ETF (FINX)
ETFMG Prime Mobile Payments (IPAY)
Tortoise Digital Payments Infrastructure Fund (TPAY)
  1. SQ  Square  ; mobile payment company founded in 2009 by Jack Dorsey, Jim McKelvey, and the late Tristian O’Tierney. Cash App has more than 55 million users in the U.S. alone. Starting in November 2017, users could begin buying and selling Bitcoin on the Cash App.
  2. PYPL  PayPal  ; digital payments; PayPal’s version of the Cash App is “Venmo,” which is the largest peer-to-peer payment application and digital wallet in the U.S. Venmo launched in 2009, giving it a first-mover advantage over Square’s Cash App. PayPal founders (Peter Thiel, Elon Musk, Reid Hoffman) are often referred to as the “PayPal Mafia.” 
  3. MELI MercadoLibre  ; Argentine company that operates online marketplaces dedicated to e-commerce and online. The company’s main market is Brazil
  4. V  Visa ; Partnered with Square to launch their Cash Card; partnered wit Amazon (AMZN) to launch its Amazon Prime Rewards Visa Signature Card. Partnered with crypto company BlockFi to launch the first bitcoin rewards credit card.
  5. MA  Mastercard  ; revealed that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. Mastercard partnered with Apple and Goldman Sachs to launch the Apple Card in August 2019.
  6. SOFI SoFi  ; Social Finance, or SoFi, is a mobile-first service that provides a suite of financial products that includes student loan refinancing, mortgages, personal loans, credit cards, investing and banking. SoFi was the acquisition target for Chamath Palihapitiya’s fifth special purpose acquisition company (SPAC) and went public in January 2021.
  7. AFRM Affirm ;  enables its users, to pay for a purchase over time instead of one upfront payment. More tan 6.2 million users. Thousands of stores offer Affirm as a payment option at checkout, such as Peloton, Caspar, Adidas, and Walmart.
  8. COIN Coinbase ; largest cryptocurrency exchange in the U.S.with more than 43 million users. 
  9. Robinhood
  10. Z Zillow ; An American online real estate database company founded in 2006 by former Microsoft executives Rich Barton and Lloyd Frink. 36 million unique monthly visitors.
  11. Stripe  ; payment processing software and application programming interfaces for e-commerce websites and mobile applications. Founded in 2009 by Irish-born brothers John and Patrick Collison. Stripe has been called the internet’s “toll collector” – the company charges a swipe fee of 2.9%, plus 30 cents for every transaction it processes. IPO in 2021??

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