Financial technology, or fintechhas experienced fantastic growth over the past decade, transforming the way many financial tasks have traditionally been accomplished. This ranges from banking apps and robo-advisors to commission-free trading and mobile payments.
Searching for investments in rapidly growing sectors, such as fintech, can be a great way to produce market-beating returns. Let's take a closer look at each to see why I believe these stocks will provide great returns for investors in -- and beyond. Fintech is changing the financial industry from the inside out. Image source: Getty Images. Broadridge Financial delivers mission-critical services to asset managers, banks, brokers, and other financial industry players.
Among the many necessary services the company provides are "investor communications, securities processing, data and analytics, and customer communications solutions. This segment comprises the many platforms Broadridge provides to its clients, including ProxyEdge, an electronic proxy delivery and voting solution, and Matrix Financial Solutions, a mutual fund trade processing service. ICS also provides services to corporations that allow them to communicate with shareholders about annual meetings, financial reporting document management, and SEC disclosure and filing services.
As Broadridge's K, its annual filing with the SEC, states, the GTO segment offers "advanced solutions that automate the securities transaction lifecycle, from desktop productivity tools, data aggregation, performance reporting, and portfolio management to order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting, and accounting.
These services allow asset managers to cost-effectively manage their books and records, allowing them to focus on their core competencies. None of these services is sexy, but they are absolutely essential, meaning companies aren't going to stop paying for them during an economic downturn. Asset managers and financial institutions also face mountains of regulatory red tape over these types of communication and equity processing services, meaning they will think long and hard before switching from a proven vendor, such as Broadridge, to a competitor.
Broadridge is not for investors looking to get rich quick. Its revenue growth is lumpy and semidependent on the tuck-in acquisitions that management is prone to make.
But the stock has outperformed the market over the trailing5- and 3-year periods, and I don't see any reason that outperformance is going to stop any time soon. The deal combined one of the largest merchant processors, Global Payments, with one of the largest payment processors for card-issuing financial institutions, Total System. The combined company has already upped expectations for cost savings and revenue synergies the merger will recognize. The acquisition creates a payments powerhouse that will process payments at more than 3.
These vertical software stacks make it much harder for customers to switch payment processing vendors in the future, giving them a lot more to consider than just price. Doctor offices that use AdvancedMD's software solutions would not want to swap out its entire back-office software just to switch to another payments vendor -- this comes with a high switching cost, something not usually associated with a commoditized service.
Square is another example of how a company innovated beyond basic payment processing to the point that it was offering much more than a commoditized service. When the company was founded, it offered a cool way for smaller merchants to accept card payments with a simple dongle that plugs into a mobile device, such as a smartphone or tablet. While this was innovative at the time, it was soon copied by a host of other payment processing services.
Fortunately for Square investors, the company has since built out an entire ecosystem around its payment processing services. Once merchants subscribe to one or more of these solutions, they will think awfully hard before leaving for another payment processing provider.
No business wants to disrupt their payroll service just to save a few bucks on facilitating payments. Not only do these services make Square's ecosystem sticky, but they are also incredibly lucrative and growing at a rapid clip. As long as Square continues to innovate around building out a comprehensive ecosystem for small businesses, it should continue to experience explosive growth, fueling market-beating returns for investors.
Dec 21, at PM. Author Bio As an economic crimes detective, Matthew focuses on helping others avoid becoming victims of fraud and scams. He is most familiar with the fintech and payments industry and devotes much of his writing to covering these two sectors. Follow FoolMCochrane. Stock Advisor launched in February of Join Stock Advisor. Related Articles.The Special Meeting will take place at P.
A list of FNTE stockholders entitled to vote at the Special Meeting will be open to the examination of any FNTE stockholder, for any purpose germane to the Special Meeting, during regular business hours for a period of ten calendar days before the Special Meeting.
We expect a strong finish to the quarter with June revenue growth outpacing May. FinTech Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.
At Intermex, the customer is at the center of everything we do. Intermex uses a proprietary financial technology that allows consumers to send money from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala. Intermex offers wire transfer, telewire, money order, and other money processing services to its customers through its network of 85, sending and paying agents located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America.
Remittance services are also available digitally through intermexonline. Intermex was founded in and is headquartered in Miami, Florida with subsidiary offices in Puebla, Mexico, and Guatemala City, Guatemala. Stella Point Capital is a New York-based private equity firm focused on industrial, consumer, and business services investments. Founded in by Managing Partners Justin Wender and Adam Godfrey, the firm actively seeks investment opportunities throughout North America, working closely with management teams to identify strong market positions and achieve transformational growth.
Stella Point provides unparalleled senior level attention and expertise, seeking to cultivate strong relationships with portfolio companies to generate superior investment returns and significant long-term value. Please visit www. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to our future prospects, developments and business strategies.
New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and FNTE and Intermex undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not contain all the information that should be considered concerning the merger.
It is not intended to provide the basis for any investment decision or any other decision with respect to the proposed merger. McEntee, III, telephone This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there by any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. For FinTech Acquisition Corp. Full Size. About Intermex At Intermex, the customer is at the center of everything we do. About Stella Point Capital Stella Point Capital is a New York-based private equity firm focused on industrial, consumer, and business services investments.
Disclaimer This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there by any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
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Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal
The technique has proven to be very useful for finding positive surprises. This is an estimated date of earnings release. Neither Zacks Investment Research, Inc.Plaid's API software, often referred to as the " plumbing " behind fintech companies, lets start-ups connect to users' bank accounts. It's well-known among financial technology developers, but the average person interacting with it most likely wouldn't recognize the name.
High-profile Plaid customers include popular peer-to-peer payment app Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. As of December, Plaid said one in four people in the United States with bank accounts have connected to the fintech company through an app. Visa and rival Mastercard were early investors in the start-up, along with the venture arms of Citi and American Express.
Goldman Sachs — also an early investor — was the exclusive advisor on the deal, according to a person familiar with the negotiations. It also added widely followed venture capitalist Mary Meeker to the board of directors. Kelly said the deal was a "long-term" play and would position Visa for the next decade.Eveni online
It will help expand the company's own total addressable market and relationships with fintech companies, as well as boost Plaid's growth, according to Kelly. Visa said the deal has the potential to add as much as basis points to the company's net revenue growth by The Wall Street Journal first reported the Visa acquisition.
Plaid has grown steadily with its list of customers since it launched in The company says it integrates with more than 11, banks and connects to more than million consumer accounts. While it does not give specific numbers or a full list of companies, Plaid said its customer base doubled from to and has expanded to the U. CEO Zach Perret told CNBC the Plaid team got to know Visa through its initial strategic investment, which was a "jumping off point for a series of conversations" leading up to the deal.
Perret, who co- founded the company with a former Bain colleague William Hockey, said the Visa brand would help Plaid scale its products and global footprint.
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Skip Navigation. Markets Pre-Markets U. Key Points. Plaid's API software lets start-ups connect to users' bank accounts and works with Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini.
Visa and rival Mastercard were early investors in the start-up, along with the venture arms of Goldman Sachs, Citi and American Express. VIDEO The Bottom Line. Related Tags. News Tips Got a confidential news tip?
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Chief Executive Officer.The following presents a detailed FinTech Acquisition stock price history for your review. To help provide a sense of the short to long-term trend, included is an interactive FinTech Acquisition stock chart which you can easily adjust to the time frame of your choosing e. Also, 20 years of FinTech Acquisition stock price history is presented in the form of a seasonality chart e.
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