These five fintech companies are leading the digitization of the financial services industry.
Fintech technology is transforming banking, payments and financial services around the world.
However, the space can be a little tricky for the average investor to navigate. In the recent past, the fintech sector was primarily dominated by private startups, making it a difficult prospect for investors to get into the fintech market.
However, KPMG notes that “the pipeline of fintech IPOs is growing globally”. The firm also notes that more stock exchanges are opening up to technology listings in a bid to compete with the NASDAQ, meaning more fintech innovators are joining the ranks of publicly traded stocks.
To help investors separate the wheat from the chaff, the Investing News Network has compiled a list of some of the top public fintech companies based on market capitalization using TradingView’s Stock Screener. The stocks on this list had market caps of $2 billion or below as of April 8, 2021.
1. Investview Inc (OTCQB:INVU)
Market cap: US$2 billion
Investview Inc. is a diversified financial technology company with four key fintech objectives: Bitcoin mining, education, financial trading tools and Ndau digital currency product packages. The company’s services include research, trade alerts, and live trading rooms with education in equities, options, FOREX, exchange-traded funds (ETFs), binary options, crowdfunding, and cryptocurrency. Investview also offers education and software applications for help with debt reduction, savings, budgeting and tax management.
In February 2021, Investview reported record-breaking gross revenues of US$5.5 million for the month.
2. Zuora Inc (NYSE:ZUO)
Market cap: US$1.97 billion
Zuora Inc. is a leader in providing customizable, scalable solutions for businesses that have subscription-based services. The tech company’s own subscription-as-a-service (SaaS) platform automates subscription order-to-revenue operations in real-time for businesses.
In 2017, Zuora was awarded Silicon Valley Business Journal’s Top 50 Bay Area Fintech Companies. In late December 2020, Zuora partnered “with payments platform Stripe to accelerate the growth of Zuora’s new product, Subscription Economy,” which will enable the provider’s customers to enhance their subscription experience with advanced payment capabilities.”
3. PROS Holdings Inc. (NYSE:PRO)
Market cap: US$1.93 billion
PROS Holdings Inc. is a provider of cloud-based revenue and profit realization software solutions to B2B and B2C companies. The company’s AI-powered commerce platform features dynamic pricing to customize offerings based on geographical and current demand. Its products are geared toward price management, price optimization, e-commerce and more.
PROS Holdings was named Gold winner in the 2020 Best in Biz Awards for Sales Software Enterprise Product of the Year for its Smart CPQ.
4. Sykes Enterprises (NASDAQ:SYKE)
Market cap: US$1.74 billion
Sykes Enterprises is a leading provider of multichannel demand generation and customer engagement services for Global 2000 companies and their end customers. The company’s service solutions encompass digital marketing, sales and customer service as well as technical support, allowing businesses to engage with customers at every touchpoint for higher levels of performance and profitability.
Financial services is just one of the verticals targeted by Sykes, and includes credit card/consumer fraud protection, fintech solutions, online marketplace, ecommerce, online gaming, wireless services, and retail banking. “While Gen Zers are hardly ever without their mobile devices, we recognize that consumers are incorporating and interacting with connected devices in unprecedented numbers,” reports Sykes. “The Internet of Things (IoT) allows consumers to link just about everything in their homes, cars, and businesses, including means of payment. As the IoT revolution continues, the FinTech industry should move forward with innovations made in the connected-device domain, adapting to consumer expectations and creating frictionless experiences for the newest generation of bankers & shoppers.”
5. Computer Services Inc (OTCQX:CSVI)
Market cap: US$1.62 billion
Computer Services Inc. is a fintech company that specializes in core processing, digital banking, managed services, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate entities across the US. The fintech firm’s integrated banking solutions include check imaging, cash branch and merchant capture, mobile payment and internet banking, electronic document delivery services, payments solutions and more. CSI also offers financial institutions and corporations cybersecurity risk assessment, network management, cloud-based managed services, and compliance software.
In April 2021, CSI announced a partnership with CivITas Bank Solutions to provide managed services to hundreds of community banks across the United States. With these and other exciting fintech companies making progress, it’s clear fintech isn’t going anywhere. The real challenge for investors, then, is choosing the best fintech companies to follow through the future. Which of these fintech companies would you invest in and why?
This is an updated version of an article originally published by the Investing News Network in 2016.
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Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article.