The major indices entered a new bull market in 2023, and investors are once again flocking to more speculative growth stocks. As such, some previously poor-performing fintech stocks have rebounded sharply.
There’s no doubt that the fintech industry is going to continue to grow at a rapid rate. According to Boston Consulting Group, global fintech revenues are expected to grow sixfold between now and 2030, hitting $1.5 trillion. The U.S. is forecast to see fintech revenue increase at a 17% compound annual growth rate (CAGR) over the next seven years and to account for nearly one-third of global fintech revenue growth.