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And thanks to the spread of the hyper-contagious COVID-19 Delta variant, the resurgence of COVID-19 cases in several countries could spur an increase in demand for fintech solutions for the foreseeable future. In addition, the increasing adoption of artificial intelligence (AI)-based technology, online wallet, and even cryptocurrency transactions have been driving a shift toward a cashless society. According to The ExpressWire report, the fintech market is expected to grow at an 8.6% CAGR between 2021 – 2024.
Given this backdrop, we think it could be wise to bet on fundamentally strong fintech stocks Futu Holdings Limited (FUTU), SoFi Technologies, Inc. (SOFI), and Paysafe Limited (PSFE). Wall Street analysts believe these stocks have plenty of upside to deliver.
