* Our Parent Company Crypto Token is LIVE!!! *Flag Token

3 Fintech Stocks to Buy Before the Bear Market Is Over

Date:

Share post:

The financial industry is one of the cornerstones of the economy; it’s worth nearly $5 trillion in the U.S. alone. But the waters can get choppy at times, including now, as rapidly rising interest rates put a squeeze on credit. There are financial technology companies that are bringing innovation to consumers, but tougher credit markets have hurt their businesses.

This could be an opportunity for long-term investors; these three stocks are poised to flourish when economic conditions ease up, so consider them before the bear market ends.

1. Upstart Holdings

Rapidly rising interest rates created two problems for Upstart Holdings (UPST -5.52%), which uses artificial intelligence to replace the traditional FICO credit score in approving consumer loans.

First, it hurt demand for loans because consumers were less willing to borrow at higher rates. Second, interest rates changed so quickly that Upstart struggled to sell some of its loans, and instead had to hold them on its balance sheet. Upstart doesn’t want to service loans as a bank would; it would rather sell them to remain…

Read more…

Related articles

Uniswap moves onwards and upwards as increasing dominance spills into this area

Uniswap’s NFT aggregator registered a sharp uptick in sales volume and active users. Native token UNI jumped by 3.61%...

Game Devs Surprisingly Skeptic About Blockchain and NFTs, Report Says

Vladislav Sopov State of Game Industry 2023 report by Game Developers Conference that kicks off in San Francisco in...

This Week in Coins: Ethereum Drops as Aptos, Axie, Avalanche See Big Gains

Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market's fourth consecutive week of marketwide gains....

What’s Next for NFTs?

Stories from this week suggest that brand involvement and entertainment partnerships are likely paths forward. Read more...