N - These Were the 5 Best Fintech Stocks of 2020
This past year has been a tough one in a lot of ways for many people, but not necessarily for investors. Sure, restaurants and brick-and-mortar retailers struggled under lockdown mandates and crimped consumerism, but e-commerce names thrived in the unusual circumstances caused by the COVID-19 pandemic.
Amid the various losses, there's a group of mostly overlooked stocks that quietly dished out huge gains in 2020, benefiting from the same swell of digital spending that boosted online shopping names like Amazon and pet supply outfit Chewy . Much of their business may not have happened at all were it not for the fintech names that helped make it possible to digitally transfer cash payments.
Here's a rundown of the five best fintech performers, from least great to the industry's biggest winner. (Spoiler alert: Not all of them are terribly big surprises.)
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These Were the 5 Best Fintech Stocks of 2020