13 Most Promising Fintech Stocks to Buy

7. Payoneer Global Inc. (NASDAQ:PAYO)

Average Upside Potential: 8.41%

Number of Hedge Funds: 35

Payoneer Global Inc. (NASDAQ:PAYO) is a leading global payments platform that partners with freelancers, SMBs, marketplaces, and enterprises to solve their payment challenges. The firm began with the vision of democratizing access to global commerce for all kinds of businesses and has made global commerce easy and secure.

Pioneer is trusted by millions of customers and leading marketplaces such as Upwork, Amazon, Adobe, and Google. The firm’s CEO John Caplan is trying to refocus the cross-border payments firm for small and mid-sized companies on the business-to-business market which offers a bigger opportunity. Payoneer Global Inc. (NASDAQ:PAYO) accelerated its B2B momentum through the recent acquisition of the Singapore-based global HR and payroll startup, Skuad. This acquisition combines the reach of Payoneer with the comprehensive global workforce and payroll solutions from Skuad.

Q2 marked Payoneer’s another consecutive quarter of record revenue, growing volume, and ICP (Ideal Customer Profiles) growth. The quarter recorded a 40% year-over-year rise in B2B volume, a 15% year-over-year increase in marketplace volume, a 192% year-over-year rise in merchant services (Checkout) volume, and a 31% year-over-year rise in enterprise payouts volume.

The leading position as the partner of choice for SMBs with global operations and an increasing focus on the $6 trillion cross-border, B2B payments has placed Payoneer Global Inc. (NASDAQ:PAYO) in an attractive spot. The stock has an average upside potential of 8.41% and ranks among the 13 most promising fintech stocks to buy.