The combination of financial services and technology emerged as bliss to many individuals, businesses, and the stock market. Companies that develop new and efficient digital payment-processing services are gaining recognition in the commercial ecosystem. Want to invest in Fintech stocks? Here are some top Asian fintech stocks to discover in 2023.
Block (SQ)
Block is one of the leading players in the Fintech industry offering a range of services including card payments and buying now and paying later lending space. The firm was introduced in 2009 and emerged as one of the giant players in the fintech sector. The company currently holds around 604.90 Million shares outstanding and total revenues of $17.532 Billion. SQ stock price at current is $63.52 with a market cap of 38.423 Billion and is predicted to touch much more heights soon.
Bank of America (BAC)
Another powerful name emerging in the fintech industry in the Asian region is Bank of America which is a financial firm offering a comprehensive payment platform. The platform is actively supporting technology for a financial service offering that made it a recognized name in the fintech sector. BAC has around 8.797 Billion shares outstanding and revenues of 115.546 Billion and is assumed to attain hikes soon. BAC’s stock price is $31.30 with a market cap of $248.71 Billion.
PayPal (PYPL)
PayPal was developed in 1999 and is one of the leading players in the fintech market offering real-time financial services including payments between businesses and individuals. The company operates in 200 countries and is expanding its roots in the stock market. The company holds around 1.116 Billion shares outstanding with revenues of $27.056 Billion. PYPL stock price is $62.75 with a market cap of $68.902 Billion and is predicted to reach new heights soon.
Hatcher Group Ltd (HKEX)
Hatcher Group Ltd is an international professional services platform developed in 2016 and is a leading player in investment banks. The company is mainly accountable for offering financial advisory, business consulting, and placing and underwriting-related services. The company holds around 892.034 Million shares outstanding with an annual revenue of $72.801 Million. HKEX stock prices are $0.112 with a market cap of $99.908 Million.
Adyen (ADYE)
Another stock listed in the top fintech stocks is Adyen (ADYE) a fintech company offering end-to-end payments, financial management, and data-related practices to offer effective financial services. The firm simply provides payment processing solutions to firms across the world and reaches impressive growth in terms of revenues as well as stock prices. The firm holds total shares outstanding of 3.099 Billion and revenues of $1.05 Billion. ADYE stock price is $17.21 with a market cap of $54.32 Billion and is forecasted to boom in the near future.
Conclusion
The demand for fintech services in the Asian market is high due to the population and need for advanced financial services. ADYE, SQ, HKEX, BAC, and PYPL are some strong stocks to invest in 2023.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/08/15/asias-top-5-fintech-stocks-to-discover-in-2023-for-investment/