10 Best Fintech Stocks To Buy Now

3. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Holders: 82

PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the best fintech stocks to buy now. The company is arguably the leader going around in the industry as far as online payments are concerned. During the first quarter of 2024, it generated a free cash flow of $1.8 billion, which will allow the company further flexibility to pursue opportunities that come its way.

It has already been venturing into the complementary side of its business. In 2020, PayPal Holdings, Inc. (NASDAQ:PYPL) acquired e-commerce company Honey for $4 billion. The American fintech giant has also made successful investments in several other big corporations, including a $750 million strategic stock purchase in MercadoLibre in 2019, and a $500 million investment in Uber during the same year.