20 Best Fintech Stocks to Buy According to Billionaires

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7. Ally Financial Inc. (NYSE:ALLY)

Number of Billionaire Investors: 16

Number of Hedge Fund Holders: 54

Ally Financial Inc. (NYSE:ALLY) is an American digital financial services company. Through its direct banking subsidiary, Ally Bank, the company offers a wide range of financial products and services. Ally Financial Inc. (NYSE:ALLY) is best known for its all-digital bank and auto financing products and services. ALLY is one of the best fintech stocks to buy.

The company reported significant growth for Ally Bank, which added over 230,000 customers in 2024. Ally Bank now serves 3.3 million depositors with $143 billion of balances. Ally Financial Inc. (NYSE:ALLY) is strategically attracting new customers, more particularly the new generations. The company reported that millennials and younger generations accounted for nearly 75% of new customers in Q4 2024.

Additionally, on January 22, 2025, Ally Financial Inc. (NYSE:ALLY) announced its agreement for the sale of its credit card business to CardWorks and its subsidiary Merrick Bank. This transaction is part of Ally Financial Inc.’s (NYSE:ALLY) strategy to simplify its structure and focus on core businesses like auto lending and digital banking to drive improved returns.

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