In the past month, financial technology giants SoFi and Coinbase both announced their plans to go public. While neither will be conducting a traditional initial public offering (IPO), their market debuts are a sign that the IPO frenzy of 2020 will continue into 2021 — at least for top fintechs.
Fintechs are revolutionizing the way we handle payments and our personal finances, and their services are likely to be of increasing importance in our digitized economy. For investors looking for potential opportunities to profit from this trend, here are three huge fintech companies that could go public soon.
Stripe offers payment processing and easy interfaces for e-commerce websites and mobile applications. Simply put, it allows businesses to process credit cards and debit cards online and offline, facilitating the transfer of money from one bank account to another.