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Fintech Investing
Fintech Stocks: 5 Biggest Companies
May. 12, 2022 01:30PM PST
The biggest US-listed fintech companies are leading the digitization of the financial services industry.
The top fintech companies are transforming banking, payments and financial services around the world.
However, the fintech space can be a little tricky for the average investor to navigate. In the recent past, the sector was primarily dominated by private startups, making it difficult for investors to get into the fintech market.
Now the situation is changing. KPMG notes that “the pipeline of fintech IPOs is growing globally,” and states that more stock exchanges are opening up to technology listings in a bid to compete with the NASDAQ. That means 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 the top fintech companies on US-listed exchanges based on market capitalization. Data for this top fintech stocks list was current as of May 3, 2022, and was put together using TradingView’s stock screener.
1. Intuit (NASDAQ:INTU)
Market cap: US$121.85 billion
Top fintech stock Intuit is a global technology company that serves more than 100 million consumers and small businesses worldwide with TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp.
In March of this year, Intuit’s Credit Karma, a consumer technology platform, launched a new, personalized debt relief program for Americans carrying federal student loans. Through Credit Karma, federal student loan borrowers struggling to make payments can apply for two potential avenues of debt relief. The platform already has more than 120 million members in the US, Canada and the UK. Intuit reported total revenue of US$2.7 billion for Q2 2022, up 70 percent over the same quarter in the previous year.
2. Infosys (NYSE:INFY)
Market cap: US$84.78 billion
Established in 1981, Infosys is an Indian multinational IT services company recognized as a global leader in next-generation digital services and business consulting. It is working toward the adoption of blockchain-backed business networks across industries, including financial services, insurance, supply chains and government.
Infosys is partnered with more than 70 fintech companies across retail and commercial banking, as well as payments and the capital markets. In April 2022, the company launched the Infosys Cobalt Financial Services Cloud, a secure vertical cloud platform that helps businesses accelerate cloud adoption across the financial services industry. "The Financial Services industry is seeking to harness the power of cloud for business outcomes, agility and innovation — not just for hosting applications and data,” Infosys President Mohit Joshi said.
3. Fiserv (NASDAQ:FISV)
Market cap: US$64.28 billion
The next top fintech stock is Fiserv, a payments company that helps financial institutions transition from physical and manual processing to digital banking solutions. The company also aids in accelerating fintech startups. Fiserv’s clients include businesses involved in card issuer processing and network services, payments, e-commerce and merchant acquiring and processing. One of its main products is the Clover cloud-based point-of-sale solution.
In May 2022, Fiserv announced a partnership with “buy now, pay later” startup Affirm Holdings (NASDAQ:AFRM); the deal will allow Fiserv merchant clients to access Affirm’s services through its Carat Operating System. “Our integrating into Carat will provide what we believe will be an even more seamless onboarding experience for their wide range of merchants and, importantly for us, further expand our omnichannel reach,” Geoff Kott, Affirm’s chief revenue officer, said when the news was released.
4. Fidelity National (NYSE:FIS)
Market cap: US$60.82 billion
Fidelity National is a global fintech solutions provider for merchants, banks and capital market firms. The company, which is one of the largest processing and payments companies in the world, is a member of the Fortune 500and the S&P 500 (INDEXSP:.INX).
Fidelity’s fully API-enabled Modern Banking Platform was recently made available on the Microsoft Azure Cloud. "(The platform) helps banks design, build and deploy new products and services,” a press release states. “Modern Banking Platform uses artificial intelligence and component-based architecture and is built to be highly-configurable while providing next-level security for financial institutions and their customers.”
5. Block (NYSE:SQ)
Market cap: US$59.357 billion
The last top fintech stock on this list is Block, a global financial services and digital payments company that owns such services as Square, Cash App, Spiral and TBD54566975. Square offers commerce solutions, business software and banking services. Cash App allows users to send, spend or invest money in stocks or bitcoin, while Spiral builds and finances bitcoin projects. TBD54566975 is building an open developer platform that can bypass institutions in order to access bitcoin and other blockchain technologies.
One of Block’s newest services is Square Loans, which provides access to funding for small Canadian businesses. Square Loans was first made available in the US and Australia. According to a press release, “(It) has provided more than USD$9 billion in financing to more than 460,000 businesses.”
This is an updated version of an article originally published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
From Your Site Articles
- Fintech Investing Facts | INN ›
- Why Consider Fintech Investing? | INN ›
- What is Fintech? A Guide to the Industry for Investors | INN - Investing News ›
- 5 Top NASDAQ Fintech Stocks Year-to-Date | INN ›
- 10 Canadian Fintech Stocks | INN ›
- Top NASDAQ Fintech Stocks ›
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Melissa Pistilli has been reporting on the markets and educating investors since 2006. She has covered a wide variety of industries in the investment space including mining, cannabis, tech and pharmaceuticals. She helps to educate investors about opportunities in a variety of growth markets. Melissa holds a bachelor's degree in English education as well as a master's degree in the teaching of writing, both from Humboldt State University, California.
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Melissa Pistilli has been reporting on the markets and educating investors since 2006. She has covered a wide variety of industries in the investment space including mining, cannabis, tech and pharmaceuticals. She helps to educate investors about opportunities in a variety of growth markets. Melissa holds a bachelor's degree in English education as well as a master's degree in the teaching of writing, both from Humboldt State University, California.
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