The Nasdaq is a global electronic marketplace for buying and selling securities, and fintech stocks have been leading the way in terms of growth and success. With innovation and development set to continue throughout the next decade, it will be interesting to see what stocks make the year 2023 a profitable one for investors. Here are the Top 5 Nasdaq Fintech stocks of 2023:
1. Square Inc (SQ): Square Inc is a one-stop shop for businesses and individuals. It offers Square Cash, a service that allows anyone to send money securely and easily. It also developed a point of sale system to accept payments in store. Square even launched its own credit card in the US in 2021. The company is set to continue its innovation over the next few years and is a good option for those looking to get involved with the Fintech revolution.
2. PayPal Holdings Inc (PYPL): PayPal is the world’s most popular online payment processor, enabling people all over the globe to send and receive money without ever having to worry about security or fraud. It provides businesses with a secure way to accept payments online, as well as access to numerous merchant services. PayPal is set to continue growing and dominating the payment processing industry in the years ahead.
3. Robinhood Financial LLC (RBNH): Robinhood is an online broker that gives traders and investors access to a wide variety of stocks, options, ETFs, and cryptocurrencies without having to pay fees. It also offers a unique investment tool called the “Social Feed” where traders and investors can keep up to date on the latest news and insights. Robinhood is set to remain a major presence in the fintech space in 2023.
4. Robinhood Markets Inc (RNMK): Robinhood Markets is a financial technology company that provides digital asset investments. It has grown rapidly over the last few years and plans to continue its momentum with a variety of new products and services that it is set to roll out in 2023.
5. Coinbase (COIN): Coinbase is an online platform where individuals and businesses can buy and sell digital currency such as Bitcoin, Ethereum, and Litecoin. The company has been one of the biggest players in the cryptocurrency space and is set to continue innovating and expanding in the near future.
These are the Top 5 Nasdaq Fintech stocks of 2023. While all of these stocks have potential for growth, each carries its own level of risk and is suited for different types of investors. It’s important to do your own research and understand the risks associated with each in order to make an informed decision.
