The Best Fintech Stocks to Watch

Roberto Rivero

Fintech might not be a word you’re completely familiar with, but the likelihood is that it plays a big part in your daily life. Online banking applications, tapping your phone to pay, jumping in an Uber without your wallet - these are all examples of how fintech companies have revolutionised our world. 

So, for those who want to invest in fintech companies, what are some of the top fintech stocks to watch in 2024?

What Is Fintech?

Fintech, short for financial technology, is a term that refers to technology which is exploited to make various financial processes more efficient, disrupting traditional financial services in the process.

Probably the most prevalent example of fintech in our daily lives is the evolution of online and app-based banking and payments. Not only have high street banks embraced this technology, but it has led to the appearance of numerous “challenger” banks, which have revolutionised the industry, capitalising on a historical lack of innovation from traditional banking services.

Indeed, this is a familiar story across the world of financial services. For years, significant barriers to entry, including strict regulation and high startup costs, meant that the sector was somewhat of a closed shop. Inevitably, a lack of competition across the industry led to a lack of innovation.

Consequently, major advances in technology and a shifting regulatory landscape made the sector ripe to be shaken up by new, exciting fintech companies. We’ve already mentioned banking and payments, but similar things have happened in lending, insurance and brokerage services.

Top Fintech Stocks to Watch

The term fintech stock covers a wide variety of companies, ranging from more established players, such as PayPal, to a constant stream of new comers attempting to democratise the financial services industry.

With so many companies, investing in fintech may be a daunting prospect, that’s why we have highlighted 2 top fintech stocks for investors to watch in 2024:

Fintech Stocks to Watch:


Fintech company Block Inc., formerly Square, began life as a payment solution for smaller merchants, allowing them to accept credit and debit cards using a smart phone or tablet.

This legacy business, still known as Square, has evolved into a wider ecosystem for merchants, enabling them to accept online payments, providing payroll services, offering financing and a variety of other services.

Besides Square, Block is also well-known for its personal finance application, Cash App. Cash App provides customers with banking and payment transfer services as well as the ability to buy, sell and transfer stocks and bitcoin.

In this way, Block has successfully created a vast financial ecosystem for both businesses and consumers. It has also expanded into web hosting - through its acquisition of Weebly, buy-now-pay-later - through its acquisition of Afterpay, and digital music streaming – through its majority acquisition of Tidal.


As well as being the e-commerce market leader in Latin America, MercadoLibre has a lending operation – Mercado Credito – and a payment processing segment – Mercado Pago.

With these two operations, the fintech stock has sought to capitalise on the limited access consumers have to financial services in the region. In 2022, it was estimated that as much as 70% of Latin America’s population remained unbanked or underbanked, with 58% of point of sale purchases still made in cash.

These figures represent enormous opportunity for fintech stocks to thrive, particularly when one considers that smart phone penetration in the region is around 70%.

In particular, the rapid growth of Mercado Pago has been a key revenue driver for the fintech company. This payment processing arm was initially created as a way to allow unbanked customers to purchase products through the company’s e-commerce platform.

However, it has since evolved far beyond that, becoming widely adopted outside MercadoLibre’s marketplace. Its low-cost QR code transactions facilitate digital payments without needing a bank account, and also allows merchants without card infrastructure to accept non-cash payments. This is a particularly important and practical service in a region where a high proportion of the population work in the informal economy.

Depicted: Admirals MetaTrader 5 – MercadoLibre Weekly Chart. Date Range: 5 March 2017 - 1 September 2023. Date Captured: 1 September 2023. Past performance is not a reliable indicator of future results.

How to Invest in Fintech Stocks

With an Invest.MT5 account from Admirals, you can invest in both fintech stocks examined in this article. In order to open an account and start buying fintech shares, follow these steps:

  • Open an Invest.MT5 account and log in to the Dashboard
  • Find your account details and click ‘Invest’ to open the MetaTrader web terminal
  • Search for the fintech stock of your choice and click on the symbol to a price chart
  • Enter the number of fintech shares you wish to purchase and click ‘Buy’ to send your order to the market!
Depicted: Admirals MetaTrader WebTraderBlock (formerly Square) H1 Chart. Date Captured: 1 September 2023. Past performance is not a reliable indicator of future results.

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Investing in Fintech Companies – FAQ

What Is Fintech in the Stock Market?

The term fintech, financial technology, refers to technology which has been used to make financial processes more efficient for the modern world. Fintech stocks, therefore, are shares of companies which operate in this industry.

Is Fintech Good to Invest in?

Whilst fintech has revolutionised a lot of our everyday tasks, not every fintech stock is necessarily a good investment. Before investing in fintech, it is important to analyse the fintech company in question and decide whether it aligns with your individual profile and investment goals.


The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the websites of Admirals investment firms operating under the Admirals trademark (hereinafter “Admirals”) Before making any investment decisions please pay close attention to the following:

  • This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  • Any investment decision is made by each client alone whereas Admirals shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.
  • With view to protecting the interests of our clients and the objectivity of the Analysis, Admirals has established relevant internal procedures for prevention and management of conflicts of interest.
  • The Analysis is prepared by an independent analyst Roberto Rivero, Freelance Contributor (hereinafter "Author") based on personal estimations.
  • Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admirals does not guarantee the accuracy or completeness of any information contained within the Analysis.
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