It’s been an exciting year for fintech as more everyday applications are explored. Here’s a look back at the top fintech stocks of 2018.
2018 was another good year for fintech investors as companies in the space continued to innovate with online and mobile payments, big data, alternative finance and more.
With the year coming to an end, here the Investing News Network takes a look back at 2018’s five top fintech stocks on the NASDAQ. All information was obtained on December 14, 2018 from TradingView, and all companies listed had market caps between $50 million and $500 million at that time.
Continue reading to find out more about last year’s top fintech stocks year-to-date on the NASDAQ.
1. 3PEA International (NASDAQ:TPNL)
Current share price: $3.58; year-to-date gain: 393.79 percent
The top fintech stock of the year was 3PEA International. Based in Nevada, the firm has been around since 1995 and was once known as PayPad. The company owns the PaySign brand, and through it offers prepaid debit and payment solutions to customers. Its top demographics include corporations, universities and government agencies.
CEO Mark Newcomer said in November that Q3 2018 was “an especially good quarter” for the company, noting that heading into the end of the year 3PEA’s focus would continue to be on “improving long-term profitability and sustainable performance.”
2. NetSol Technologies (NASDAQ:NTWK)
Current share price: $6.10; year-to-date gain: 27.09 percent
The next fintech stock on the list is Netsol Technologies. This company is a provider of enterprise and IT software solutions catered to the leasing and finance industry. The company works with over 200 finance and leasing companies spanning 30 countries around the globe.
Its products include NFS Digital, which has point-of-sale features, and NFS Ascent, which includes features like a loan origination system, a contract management system and a wholesale finance system. The company called its results for the first fiscal quarter of 2019 “solid,” adding that its topline grew 28 percent in the period, “driven by a major increase in license fees.”
3. International Money Express (NASDAQ:IMIX)
Current share price: $11.68; year-to-date gain: 17.51 percent
Middle of the pack on this top fintech stocks list is International Money Express, also known as Intermex. Headquartered in Florida with other international offices, the company was founded back in 1994.
Intermex offers wire transfers, money orders and more, and has 55,000 payer locations in 17 Latin American countries and 48 US states. Speaking in November, President, Chairman and CEO Robert Lisy said, “[o]ur third quarter results again, displayed our ability to generate strong revenue growth and drive profitability as our business continues to scale.”
4. RumbleON (NASDAQ:RMBL)
Current share price: $5.33; year-to-date gain: 3.95 percent
RumleON is next on this list of top fintech stocks. It is a fairly niche development-stage company focused on the motorcycle and powersports demographics. It offers an e-commerce platform that helps consumers and deals with pre-owned recreational vehicle transactions such as buying, selling, trading and financing. It also offers third-party financing to consumers.
Originally founded in 2013 as Smart Server, RumbleON changed its name in early 2017. Founder, Chairman and CEO Marshall Chesrown said in mid-November that Q3 2018 was another period of “tremendous growth” for the company, and noted that since then the company has made two “transformative acquisitions.”
5. Points International (NASDAQ:PCOM)
Current share price: $10.53; year-to-date gain: 2.33 percent
Closing out this top fintech stocks list is Points International. Points has a loyalty commerce platform that helps businesses “enhance their consumer offerings and streamline their back-end operations.” These points can vary from business to business, but include things like hotel points and frequent flyer miles.
The company boasts over 50 partners thus far, and over 4 million consumers using its Points Loyalty Wallet. The benefit of the wallet is that it enables consumers to trade, exchange and redeem their points, while Points collects consumer data. The latest quarter bought “solid … double-digit growth” in Points’ two most important financial metrics: gross profit and adjusted EBITDA.
Did any of the fintech stocks on this list surprise you? Let us know in the comments.
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Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article.