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If you can only buy one fintech stock in July, it better be one of these 3 names

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fintech stocks - If You Can Only Buy One Fintech Stock in July, It Better Be One of These 3 Names

Join the fintech frenzy before it’s too late. Here are three fintech stocks to buy before the end of July.

Financial technology, or fintech, is a branch of banking that uses technological innovation to provide all types of financial products and services to users around the world from the convenience of their mobile devices. With fintech, global citizens can save their money, borrow, lend, and even invest without ever having to set foot in a bank or other financial institution. This technological innovation has led to the emergence of a new class of high-potential stocks called fintech stocks.

Fintech stocks are among the most promising spaces to invest in, with analysts predicting they will maintain a year-on-year trend 16.5% growth until 2032.

Furthermore, the introduction of newer technologies in the sector, such as payment processing, P2P lending, and blockchain technology, will further contribute to its growth and development, making it a promising landscape to invest in. This article explores three of the top fintech stocks to buy this year.

National Loyalty Information Services (FIS)

Source: JHVEPhoto / Shutterstock.com

Fidelity National Information Services (London share:FIS) is an American company known for developing financial technology. It has a portfolio of products that meet the needs of the financial services industry, especially payment processing, wealth management, consulting, retail and institutional banking. Profile, a banking application, is among these products.

In recent years, Fidelity National Information Services has expanded its portfolio. In 2019, purchased Worldpaya global electronic funds transfer system. A year later, the company acquired Virtus Partners, a wealth management business.

Since then, the company has acquired other holdings, such as Bond Financial Technologies and Torstone Technology, demonstrating a commitment to growth and a willingness to integrate emerging technologies, such as blockchain and artificial intelligence.

All these factors have contributed to its recent strong levels of profitability. Its latest quarterly report indicates that it is having a fantastic year financially, as demonstrated by the performance of FIS stock. According to the report, FIS returned an impressive 23.4% in shareholder value and generated net earnings of $768 million.

Robinhood Markets (HOOD)

The Robinood app logo with the Robinhood (HOOD) website logo in the background.

Source: Fluna nightEtJ / Shutterstock.com

Robinhood Markets (London share:HOOD) is an American financial services provider headquartered in Menlo Park, California. The company is known for its popular mobile electronic trading platform, which facilitates trading of various financial instruments, from stocks and exchange-traded funds (ETFs) to cryptocurrencies.

Robinhood Markets has outpaced most of its competitors in the financial industry this year with a series of smart innovations in its products. A prime example of this is the introduction of commission-free stock trading within the Robinhood mobile trading app.

Another great innovation of the company is the launch of Robinhood Golda product that many predict will likely change the financial landscape. Robinhood Gold offers a ton of perks, such as 5% interest on uninvested brokerage money, a 1% deposit increase on new deposits, a credit card with unlimited 3% cash back on all purchases, and much more. These perks cost only $50/year, which is significantly less than other credit cards on the market.

Additionally, Robinhood Markets has had an impressive run on the financial front this year. According to its latest quarterly reportThe company has seen huge increases in several key metrics such as total net sales and net income. Total net sales increased by 40% to $618 million, while net income increased to $157 million.

Holding Company (NU)

An image of a laptop with financial icons coming out of the screen; chart, mail, house, money; technology stocks

Source: Sittipong Phokawattana/Shutterstock

New participations (London share:NEW) is a Brazilian digital bank headquartered in São Paulo. It is widely considered the largest fintech in Latin America, boasting over 80 million customers in the region. Nu Holdings offers various financial solutions to its users, such as bank accounts, brokerage accounts, personal loans, credit cards and more.

Its dominance in the Latin American market is enormous, and the numbers confirm it. According to its latest quarterly reportThe company generated net income of $378.8 million, more than double the previous year’s figure of $141.8 million.

It also saw huge increases in key metrics such as total revenue and customer base growth. Total revenue increased 67% to $2.7 billion, while the customer base grew to 99.3 million at the end of the quarter.

As of the date of publication, Joel Lim 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 policies Publishing Guidelines.

As of the date of publication, the responsible curator had not (either directly or
indirectly) any position in the securities mentioned in this Article.

Joel Lim is an InvestorPlace.com contributor and financial content provider who creates content for several firms such as LTSE and Realtor, as well as financial publications including Business Insider, Yahoo Finance, the Mises Institution, and the Foundation for Economic Education.

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Fintech

Lloyds and Nationwide invest in Scottish fintech AI Aveni

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Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11m Series A funding round in Scottish artificial intelligence fintech Aveni.

The investment is led by Puma Private Equity with additional participation from Par Equity.

Aveni creates AI products specifically designed to streamline workflows in the financial services industry by analyzing documents and meetings across a range of operational functions, with a focus on financial advisory services and consumer compliance.

The cash injection will help fund the development of a new product, FinLLM, a large-scale language model created specifically for the financial sector in partnership with Lloyds and Nationwide.

Joseph Twigg, CEO of Aveni, explains: “The financial services industry doesn’t need AI models that can quote Shakespeare, it needs AI models that offer transparency, trust and, most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, vetted by financial services experts for specific financial services use cases.

“FinLLM’s goal is to set a new standard for the controlled, responsible and ethical adoption of generative AI, outperforming all other generic models in our selected financial services use cases.”

Robin Scher, head of fintech investment at Lloyds Banking Group, says the development programme offers a “massive opportunity” for the financial services industry by streamlining operations and improving customer experience.

“We look forward to supporting Aveni’s growth as we invest in their vision of developing FinLLM together with partners. Our collaboration aims to establish Aveni as a forerunner in AI adoption in the industry, while maintaining a focus on responsible use and customer centricity,” he said.

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Fintech

Fairexpay: Risk consultancy White Matter Advisory acquires 90% stake in fintech Fairexpay

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Treasury Risk Consulting Firm White Matter Alert On Monday he announced the acquisition of a 90% stake in the fintech startup Fair payment for an undisclosed amount. The acquisition will help White Matter Advisory expand its portfolio in the area of cross-border remittance and fundraising services, a statement said. White Matter Advisory, which operates under the name SaveDesk (White Matter Advisory India Pvt Ltd), is engaged in the treasury risk advisory business. It oversees funds under management (FUM) totaling $8 billion, offering advisory services to a wide range of clients.

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White Matter Advisory, based in Bangalore, helps companies navigate the complexities of treasury and risk management.

Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalised Remittance Scheme (LRS) Regulatory Sandbox, boasts features such as best-in-class exchange rates, 24-hour processing times and full security compliance.

“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technology platform and regulatory approvals to enhance its services to its clients,” the release reads.

The integration of Fairexpay’s capabilities should provide White Matter Advisory with a competitive advantage in the cross-border remittance and fundraising market, he added.

The release also states that by integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

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Fintech

Rakuten Delays FinTech Business Reorganization to 2025

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Rakuten (Japan:4755) has released an update.

Rakuten Group, Inc. and Rakuten Bank, Ltd. announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, taking into account regulatory, shareholder interests and the group’s optimal structure for growth. There are no anticipated changes to Rakuten Bank’s reorganization objectives, structure or listing status outside of the revised timeline.

For more insights on JP:4755 stock, check out TipRanks Stock Analysis Page.

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Fintech

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

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White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

You are reading Entrepreneur India, an international franchise of Entrepreneur Media.

White Matter Advisory, which operates under the name SaveDesk in India, has announced that it is acquiring a 90% stake in fintech startup Fairexpay for an undisclosed amount.

This strategic move aims to strengthen White Matter Advisory’s portfolio in cross-border remittance and fundraising services.

By integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

White Matter Advisory, known for its treasury risk advisory services, manages funds under management (FUM) totaling USD 8 billion.

Founded by Bhaskar Saravana, Saurabh Jain, Kranthi Reddy and Piuesh Daga, White Matter Advisory helps companies effectively manage the complexities of treasury and risk management.

The SaveDesk platform offering includes a SaaS-based FX market data platform with real-time feeds for over 100 currencies, bank cost optimization services, customized treasury risk management solutions, and compliance guidance for the Foreign Exchange Management Act (FEMA) and other trade regulations.

Fairexpay is a global aggregation platform offering competitive currency exchange rates from numerous exchange partners worldwide. Catering to both private and corporate customers, Fairexpay provides seamless money transfer solutions for education, travel and immigration, as well as simplifying cross-border payments via API and white-label solutions for businesses. Key features include competitive currency exchange rates, 24-hour processing times, extensive currency coverage of over 30 currencies in more than 200 countries, and secure, RBI-compliant transactions.

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