The financial technology (Fintech) market was valued at about $127.66 billion in 2018 and is expected to grow to about $460 billion by 2025. Obviously, Fintech is a growing sector that comes with lots of promise.
I have made it a habit these days to look for cheap (small-cap) technology-reliant stocks that have promising growth trajectories.
And this article is my list of cheap (small-cap) financial technology (Fintech) stocks under $10 (including some Fintech penny stocks).
I hope this helps you get a Fintech stock to buy, that will bring in lots of returns for you.
Here are 5 Cheap FinTech stocks under $10:
1. LexinFintech Holdings Ltd. (NASDAQ: LX)
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms.
Through its subsidiaries, it provides online direct sales with installment payment terms; installment purchase loans; and personal installment loans.
Its services are offered though its online consumer finance platform, www.fenqile.com; and mobile application.
The company was founded by Wen Jie Xiao and Qian Qiao on November 22, 2013 and is headquartered in Shenzhen, China.
2. UP Fintech Holding Limited (NASDAQ: TIGR)
UP Fintech Holding Ltd. operates as an online brokerage firm, which focuses on global Chinese investors.
The company’s brokerage platform allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website.
It offers brokerage and value-added services, including investor education, community engagement, and IR platform; and account management services.
The company also provides trade execution, margin financing, and securities lending services; asset management and wealth management; ESOP management; fund license application, product design, asset custody, transaction execution, and funding allocation; fund structuring and management; and IPO underwriting services.
In addition, it offers market information, community engagement, and simulated trading services.
The company is known as Tigers Brokers in Asia and was founded in 2014, based in Beijing, China.
3. Avantax, Inc (AVTA)
Avantax engages in the provision of technology-enabled, tax-smart financial solutions.
Its integrated tax-focused wealth management services consist of the operations of Avantax Wealth Management and Avantax Planning Partners.
Avantax Wealth Management provides tax-focused wealth management solutions for financial professionals, tax professionals, CPA firms and their clients.
Avantax Planning Partners is an in-house/employee-based RIA, insurance agency and wealth management business that partners with certified public accounting (CPA) firms in order to provide their consumer and small business clients with holistic financial planning and advisory services, as well as retirement plan solutions.
The company was founded by Naveen Mahendra Kumar Jain in March 1996 and is headquartered in Irving, TX.
4. AGM Group Holdings Inc. (NASDAQ: AGMH)
AGM Group Holdings, Inc. engages in the provision of financial technology services. It focuses on delivering trading platform solutions and technologies to brokers and institutional clients.
Its activities include online trading platform application and computer program technical support and solution service; forex trading brokerage business; program trading application technology and management service.
The company was founded by Zhen Tao Jiang and Wen Jie Tang on April 27, 2015 and is headquartered in Beijing, China.
5. Mogo Inc. (NASDAQ: MOGO)
Mogo Inc. operates as a financial technology company. The Company offers solutions to help customers to manage and control their finances.
Mogo provides free credit score monitoring, identity fraud protection, digital spending account, and digital mortgage experience.