Top 5 NASDAQ Fintech Stocks (Updated December 2022)
Fintech continues to make strides globally. Here's a look at the top-performing NASDAQ fintech stocks of 2022

Fintech, or financial technology, has become an integral part of everyday life.
Firms like Fitch Ratings and Allied Market Research are projecting continued growth in the market moving forward, and since the fintech umbrella covers such a wide range of companies, diverse businesses could profit as the industry develops.
Read on for a look at the top-performing NASDAQ fintech stocks of the year. Data was gathered using TradingView's stock screener on December 12, 2022, and companies with market caps of at least US$50 million at that time were considered.
1. SurgePays (NASDAQ:SURG)
Year-to-date gain: 261.5 percent; market cap: US$90.66 million; current share price: US$7.33
Technology and telecommunications firm Surgepays provides fintech services with its blockchain-based platform that features a suite of financial and prepaid products. The company provides mobile broadband to low-income consumers across the US.
In November, SurgePays posted its financials for the third quarter, highlighting revenues of US$36.2 million, an increase of 149 percent compared to the same period in 2021. The company also surpassed its 2022 year-end goal of 200,000 mobile broadband subscribers. Later that month, SurgePays closed on a US$25 million senior secured credit facility, saying it received about US$15 million at closing. Shares of SurgePays reached their peak for the year on December 5 at US$7.61.
2. PaySign (NASDAQ:PAYS)
Year-to-date gain: 70.81 percent; market cap: US$141.07 million; current share price: US$2.72
PaySign is a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services and integrated payment processing. Through its platform, the company provides services such as transaction processing, cardholder enrolment, value loading, cardholder account management, reporting and customer service.
PaySign's share price hit its highest level this year on August 29, coming to US$3.27. The price bump came after the company shared its Q2 financial results, including total revenues of US$8.6 million, an increase of 29 percent year-on-year. The company continued this positive streak in Q3 with revenues of US$10.6 million, a rise of 36.4 percent year-on-year.
3. Futu Holdings (NASDAQ:FUTU)
Year-to-date gain: 49.36 percent; market cap: US$10.03 billion; current share price: US$65.39
Futu Holdings offers a fully digitalized brokerage and wealth management platform for investors. The company's proprietary digital platforms, Futubull and moomoo, provide investing services that are accessible via any mobile device, tablet or desktop. Futu's main fee-generating services include trade execution, margin financing and securities lending. Using these services, investors can trade securities such as stocks, exchange-traded funds, warrants, options and futures across a variety of markets.
Futu shared its Q3 financials in November, featuring a 12.4 percent year-on-year increase to total revenues, which came in at US$247.9 million. The company also saw its total number of paying clients increase by 23.8 percent year-on-year to reach 1,444,955 as of September 30. Shares of Futu Holdings reached a 2022 high point of US$65.39 on December 12.
4. CPI Card Group (NASDAQ:PMTS)
Year-to-date gain: 45.37 percent; market cap: US$310.71 million; current share price: US$28.15
With customers located across the US, CPI Card Group provides its user base with both physical and digital payment solutions, including credit, debit and prepaid options. The company's third quarter results show that its net income rose 80 percent year-on-year to reach US$12 million, while net sales rose 25 percent to hit US$124.6 million. CPI said its financial results are reflective of the strong demand for its differentiated payment solutions offerings.
Shares of CPI reached their peak for the year on December 8 at US$29.78.
5. MoneyGram International (NASDAQ:MGI)
Year-to-date gain: 37.35 percent; market cap: US$1.06 billion; current share price: US$10.92
MoneyGram International is a global leader in digital cross-border P2P payments, money transfers and blockchain-enabled settlements. The company's API-driven platform allows customers to transfer money online through bank accounts and mobile wallets, as well as in brick-and-mortar locations. MoneyGram's fintech offerings include the MoneyGram money transfer app.
For Q3, MoneyGram reported total revenues of US$330.8 million, an increase of just 3.5 percent year-on-year. The company attributed the low growth to strength in the US dollar against other major currencies. However, on a constant currency basis, total revenues for the company increased by 9 percent year-on-year. MoneyGram shares hit a 2022 high point of US$10.96 on December 6.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.