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Moreover, the Federal Reserve could raise interest rates as early as 2023 and recently indicated its willingness to reduce asset purchases before the end of the year, which bodes well for fintech companies. According to The ExpressWire report, the fintech market is expected to grow at a CAGR of 8.6% between 2021 and 2024.
Given this backdrop, it could be wise to bet on fundamentally strong fintech stocks Sapiens International Corporation N.V. (SPNS) and QIWI plc (QIWI). These two stocks have an overall B (Buy) rating in our proprietary POWR Ratings system.
