SQ - 1 Small Fintech Stock That Could Soar in 2024
2023-12-05 10:41:00 ET
2023 has been yet another tough year for many digital-payments and financial-technology companies. With markets like e-commerce slowing in the wake of the pandemic and consumers increasingly under pressure from higher interest rates, growth has been much harder to come by versus previous years.
But one small fintech has been holding its own and could be heating up for 2024: Shift4 Payments (NYSE: FOUR) . Despite intense competition from the likes of Block (NYSE: SQ) and fellow small fintechs like Toast (NYSE: TOST) , this small stock could be ready to rock for the new year.
Shift4 is a digital-payments platform, processing physical-card acceptance, as well as contactless-card -- tap-to-pay or mobile wallets like Apple (NASDAQ: AAPL) Pay or Alphabet 's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google Pay payment acceptance. There is also a bit of software-as-a-service (SaaS) business here as Shift4 also offers things like business-intelligence software and an e-commerce store setup and management tools.
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1 Small Fintech Stock That Could Soar in 2024