In recent years, technological advances in the fintech sector have highlighted several fintech stocks to shop in the spotlight.

For the uninitiated, fintech refers to companies that offer technology solutions for managing money. This includes mobile banking or trading apps, e-wallets, and peer-to-peer payment platforms.

And while the relevance of fintech has increased, the last few years have been difficult for fintech companies. Macroeconomic uncertainty and a decline in fintech funding have left many struggling to stay afloat. As a result, many fintech stocks are down, with some at 52-week lows.

However, the future of fintech remains optimistic. In an increasingly cashless society, these companies can shape consumers’ financial habits and transform the financial ecosystem. The data reflects this positive sentiment with the fintech market expected to grow to $882 billion by 2030.

This means that investors willing to weather short-term headwinds have the opportunity to capitalize on long-term gains. Therefore, companies with high growth potential that are trading near 52-week lows offer a great entry point.

DigiAsia (FAAS)

Source: Shutterstock

DigiAsia (NASDAQ:FAAS) is a fintech-as-a-service (FaaS) platform that offers a range of financial solutions. These include digital wallets, supply chain payments, and a banking-as-a-service (BaaS) platform. The company’s premise is to support its partners’ financial needs with low-cost, mass-produced products.

Its stock may be trading low, but its strong market position offers huge growth potential. Since its inception, the company has entered into several strategic partnerships to drive its expansion. Some of its notable partners include MasterCard (London share:BUT) in Jakarta, Western Union (London share:WU) AND The star (NASDAQ:SBUX). DigiAsia has also signed an agreement with DBS Bank (OTCMKTS:DBSDY), the largest bank in Southeast Asia to provide loans to merchants through its platform.

In the latest news, the company got the assignment of an initial shipment of 5,120 Nvidia (NASDAQ:NVDA) H200 GPU. As part of the agreement, DigiAsia will be responsible for the implementation and development of advanced AI solutions in Southeast Asia, the Middle East and India. The partnership will help improve the efficiency of DigiAsia’s infrastructure while capitalizing on a $300 billion financial services market.

With an exciting deal in the works and shares hovering at a 52-week low, FAAS stands out as one of the best fintech stocks to buy. The company offers investors the perfect combination of valuation, innovation, and stability in the fintech space.

DLocal (DLO)

Source: Wirestock Creators / Shutterstock.com

DLocal (NASDAQ:DLO) is a fintech play that definitely deserves more attention. The Latin America-based fintech platform acts as a bridge between global companies and emerging markets. With the help of dLocal’s cross-border payments platform, companies can transact in countries with their own payment ecosystems. The platform provides access to 40 markets in Latin America, Southeast Asia, and Africa.

Fundamentally speaking, dLocal remains a solid investment. In its recent earnings, the company posted turnover of 184 million dollars, up 34% year-over-year (YoY). This was fueled by a 49% increase in total payment volumes (TPV). The growth in TPV is certainly a testament to the company’s ability to remain competitive and deliver value through its solutions. However, the stock tumbled after earnings on weaker than expected results.

However, DLO stock remains an attractive buy for several reasons. One, the company’s solution makes it significantly easier for global companies to sell into emerging markets. Second, it has established a presence among high-profile clients, including Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) AND Shop (London share:SHOP). Third, DLO stock is down 54% this year and is trading near its 52-week low. That makes it one of the best fintech stocks to buy for bargain-hunting investors seeking long-term returns.

SoFi Technologies (SOFI)

Source: Poetra.RH / Shutterstock.com

Despite the sharp drop in price, SoFi Technologies (NASDAQ:SOPHIE) remains an attractive option for investors looking for a high-growth name. The digital banking platform boasts a loyal customer base with its easy-to-use app that appeals to a young audience. This has allowed SoFi to scale its business and generate attractive returns. The numbers reflect its success story.

In the first trimester, Revenue increased by $581 million, a 26% increase year over year. This was fueled by a 54% increase in revenue from technology platforms and financial services. Adjusted EBITDA increased 91%, while new member additions grew 44% from the previous year. Additionally, the number of products used by its customers also grew 38%, to 11.8 million. And while the numbers are certainly impressive, SOFI stock has tumbled on a weak forecast for the second quarter.

While slowing growth levels are certainly a warning sign, SoFi’s long-term outlook remains strong. The company’s diversified business and innovative technology provide a stable runway for growth. Additionally, the stock is attractively priced, hitting its 52-week low earlier this month.

Investors willing to overcome short-term pain for long-term gains will find SOFI one of the most compelling fintech stocks to buy this month.

As of the date of publication, Divya Premkumar did not have (either directly or indirectly) any position in the securities mentioned in this article. The views expressed in this article are those of the author, subject to InvestorPlace.com Publishing Guidelines.

As of publication date, the responsible editor held a LONG position in SBUX.

Divya has a background in finance and accounting and has worked in FP&A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics, including stocks, cryptocurrencies, blockchain, and global politics.

Source