Fintech is arguably one of the best industries investors can follow these days. With online payments and the need for contactless processing becoming the norm, the companies providing the technology for these transactions are taking center stage. From older and more established companies to new start-ups, investors see the potential for longevity and exceptionally stable long-term investment opportunities. Fintech is a need that has exploded in recent decades. Businesses that provide business solutions to merchants are reaping benefits from the services and software they provide to make online and mobile transactions run smoothly. If you’re looking to expand your portfolio with some good long-term investment strategies, here are the top five fintech stocks you can buy and hold forever.
5. Paypal Holdings Inc.
Paypal Holdings Inc. is a global giant in the financial technology industry. The company’s latest customer count was over 300 million with merchants in hundreds of markets using its platform around the world. In the last 12 months, Paypal shares have more than doubled in price, peaking at $ 244.01. It’s one where investors keep their eyes on or take a chance and buy stocks. Paypal shows all the indications that it will be available for a long time. He frequently offers discounts to help people with the Covid-19 crisis by waiving certain fees. Paypal is one of the largest automatic payment systems in the world. also offers check cashing services through a remote platform. Millions of people trust the service as a means of sending and receiving funds. Even through tumultuous financial times during this pandemic, Paypal Holdings has not missed a beat in its market performance. It’s a stable, reliable stock that will likely remain one you can keep forever.
4. Fiserv, Inc.
Fiserv is another fintech stock worth considering. It is one that has been proven in the market with a solid growth rate that has skyrocketed in the last 12 months. The company offers financial services technologies worldwide for account processing and digital banking services. It also offers business acquisition services. Since the stock hit a record low last March, it has risen 42 percent. The latest report revealed quarterly revenue of $ 3.79 billion. Fiserv is on his way to the top. It partnered with the Alliance in late 2020. The measure expanded Fiserve to include a credit card issuance service. Additionally, Fiserv acquired Ondot Systems, which is a leading digital financial platform. This expanded the scope of business solutions, central banking, card payment services, and digital banking platforms that Fiserve can offer to customers.
In the company’s latest quarter published in October, Fiserv reported total revenue of $ 3.79 billion for the quarter, marking a 21% year-on-year increase. CEO Frank Bisignano said: “Fiserv returned to excellent financial results and free cash flow in an environment that continues to be affected by a global pandemic.” In addition to its current track record, the company partnered with Alliance Data in late October. It is one of the largest card issuers in the US, which is a promising collaboration. Investors who are keeping an eye on FISV shares could see this as a means of long-term growth for the company. Fiserv is also a stock to consider if you are looking for an investment that you can hold onto for a while.
3. Square Inc.
Square Inc. is a financial services company, business services aggregator and mobile payments based in San Francisco, California. Square has recently expanded into the small business market with its payment products and solutions, including hardware and software. Square has shown a pattern of constantly expanding its services to include more in terms of relevant features and systems as it evolved to meet today’s merchant demands. It specializes in solutions for the acceptance of credit cards through mobile phones. The most exciting aspect of Square Inc is the 200 percent increase in its shares over the past 12 months. Square’s most recent quarterly report showed a gross profit of $ 794 million. This reflects a year-on-year increase of 59 percent. Square …