5 Best Australian Stocks Ready to Boom the Fintech Industry

Banking has come a long way since the traditional services and Australia is one of the most spirited areas for Fintech. The nation holds around 800 fintech businesses and made a good comeback after the pandemic. Investing the Australian Fintech stocks can be a good action for profit generation.

Want to invest in Australian Fintech stocks? Here are some best options to discover.

HUB24 Ltd (HUB)

The first ever name listed in Australia’s Fintech stock is HUB24 Ltd, an investment and superannuation platform offering a wide range of transaction, investment, and reporting solutions. The firm was founded in April 2007 and holds around 81.5 Million shares outstanding. Hyperion Asset Management Limited is one of the biggest shareholders of HUB stocks securing around 7.2% of the total shares. HUB stock price is AU$26.99 with a market cap of AU$2.205 Billion. The current revenue of the firm is AU$191.403 Million and is expected to go high in the near future, making it a good fintech stock to invest in.

Sezzle Inc (SZL)

Sezzle Inc is another financial technology firm empowering generations by offering online payment platforms. The firm was introduced in 2016 and secured a strong and reputed position in the fintech industry. SZL stocks hold around 6.11 Million of total shares outstanding and Continental Investment Partners SA is one of the biggest shareholders holding around 5.231% shares. The demand for interest-free installment plans is boosting the market and so the success chances of Sezzle Inc. SZL stock price is AU$19.35 with a market cap of AU$110.21 million, making it a good stock to buy at present.

Praemium Ltd (PPS)

Another popular name in the list is Praemium Ltd which is a leading investment platform in the Australian Fintech industry. The firm offers superior services related to investment, portfolio administration, and financial planning tools, and the demand is expected to be high in the near future. The firm holds around 504.07 Million shares outstanding and total revenues of AU$63.335 Million. PPS stock price is AU$0.565 with a market cap of 286.035 Million and is expected to boom soon, making it a good investment.

Zip (Z1P)

Zip, is an Australian Fintech Company best known for its buy now and pay later (BNPL) offerings. The firm plays a key role in maintaining the financial wellness and control of the customers making it a priority choice for individuals in the industry. The company holds around 824.65 Million shares outstanding. Z1P stock price is AU$0.44 with a market cap of AU$375.21 Million.

Bravura Solutions Ltd (BVS)

Another powerful name on the list is Bravura Solutions Ltd, a financial institution offering tech financial services. The firm is one of the most effective wealth management offerings and is expected to skyrocket in the near future. The firm holds total shares of 448.354 Million and AU$265.42 Million in revenues. BVS stock price is AU$0.520 and with a market cap of AU$197.915 Million.

Conclusion

The Australian Fintech industry is assumed to skyrocket in the near future, making it a good investment at present. BVS, Z1P, HUB, PPS, and SZL are some good stocks to invest in.