13 Most Promising Fintech Stocks to Buy

10. Shift4 Payments, Inc. (NYSE:FOUR)

Average Upside Potential: 6.43%

Number of Hedge Funds: 33

Shift4 Payments, Inc. (NYSE:FOUR) is a fintech firm that offers payment processing solutions. The company’s payment network is a highly secure and reliable platform with point-to-point encryption which processes payments for lots of merchants across various business types. Hence, Shift4 continues to redefine commerce by simplifying complex payments ecosystems globally.

The company is a global leader in financial technology with over 25 years in business, over 200,000 customers, and more than $260 billion processed annually. The firm has driven momentum across multiple verticals. With restaurants, the firm continues to gain market share by winning new restaurants every day. In hospitality, the firm has expanded its market share and now processes payments in Canadian and European markets. It also powers payments in sports and entertainment. Other new verticals include retail, gaming, and non-profits. The strength of this diversification makes FOUR resilient against economic uncertainty.

The firm recently closed another busy quarter with results largely in line with its expectations. During the second quarter, end-to-end payment volume rose 50% year-over-year. The firm recorded gross revenue of $827.0 million, up 30% as compared to the prior-year period. Net income for Q2 was reported to be $54.5 million. The firm also witnessed a 48% year-over-year rise in adjusted EBITDA.

A leading position in commerce-enabling technology and a robust performance across diversified verticals deems Shift4 Payments, Inc. (NYSE:FOUR) a promising fintech stock. As of Q2, the stock is held by 33 hedge funds.