Ranking Best Fintech Stocks To Look For In 2023
A Fintech company is one that specialises in software and algorithms that help different businesses and customers manage their financial investments and operations fluently. Fintech is one of the fastest-growing industries worldwide. This rapid growth of fintech companies has attracted a broad section of investors to put their money, thus, projecting a strong image of fintech companies in the pre-IPO market.
Though the year 2022 seemed a bit low for showcasing a rise in fintech companies, investors are still looking forward to putting their money in unlisted shares of fintech companies in 2023. Let’s dive in and learn more about the fintech companies and their unlisted share prices.
What Are Fintech Companies?
The word fintech is a combination of two words – Finance & Technology. Broadly, fintech companies are categorised as financial service providers to businesses and individuals. Top fintech companies follow the open banking format where the customer does not have to visit the banks physically. Furthermore, companies that have developed a well-operational digital payment process are considered fintech companies. BHIM and Paytm are some prominent names of leading fintech companies.
The fintech companies in India have shown constant growth in their monetary activities where a consumer can easily transfer money, deposit money in another account from a smartphone, create a bank statement, raise money for startups, manage investments, buy or sell unlisted shares, etc., without seeking any physical help from a bank operator. These companies have protected constant market growth over the years.
The Potential Of Fintech Companies In India
The finance sector in India is constantly soaring up, and different fintech companies are focused on establishing their monopoly in the business. Currently, the market size of the Indian fintech industry is $50 billion in 2021, which is estimated to grow to $150 billion in the year 2025.
The potential of finance companies is quite exciting, as digitised payment methods have established their roots in the Indian market after demonetisation. Right after the ban on certain currencies in 2016, cash payments took a backseat, and businesses started sending money through different UPI methods. After this process, mainstream businesses and individuals became well-versed in digital modes of payment.
Although there is great potential for fintech, we can not deny the volatility of pre-IPO shares in the stock market. In 2022 leading companies like Paytm went downhill, and the underperforming unlisted shares were to be blamed. However, the picture could change in 2023 with better returns on unlisted shares of fintech companies.
Top Fintech Companies To Invest In 2024
Let’s have a look at the best fintech companies that could be a wise investment in the year 2024. Before making any investments make sure you consult with an expert of the field.
1. Paytm
Paytm was founded in 2010 as an eCommerce company with various services like utility bill payment, insurance, hotel booking etc. Recently, the company entered the stock market and generated a revenue of INR 2803 crore in the early months of 2022. The details of the unlisted share price for Paytm are:
| Total Available Shares | 50,000 |
| ISIN | INE982J01020 |
| Face Value Per Share | ₹ 1 Per Equity Share |
| Current Unlisted Share Price | ₹ 889 INR |
2. MobiKwik
It is the largest ‘Buy Now, Pay Later’ fintech company that is estimated to show a great hike in its unlisted share price in India in 2023. The CAGR of MobiKwik is showing 20% growth of over 250 million in the fiscal year 2021. The MobiKwik wallet allows payment over a single click; the details of the unlisted share include
| ISIN | INE0HLU01028 |
| Current Unlisted Share Price | ₹ 375 Per Equity |
| Face Value Per Share | ₹ 2 Per Equity Share |
| Lot Size | 25 Shares |
3. Razorpay
It is another unlisted share expected to rise in 2023, where investors foresee great returns in its long-term pre-IPO stocks. Founded in 2013, Razorpay aims for hassle-free integration with eCommerce payments with a client base of leading companies like Zomato, Swiggy & Book My Show. The shares details include
| ISIN | INE165B01029 |
| Current Unlisted Share Price | N/A |
| Face Value | 10.0 |
| Return On Equity | 2.8% |
4. Fino Paytech Limited
Established in 2006, Fino Paytech is a banking technology platform that provides financial services to its clients. It is counted as an alternate banking channel with a high rising pre-IPO share price. The details include:
| ISIN | INE511I01011 |
| Face Value | ₹ 10 Per Equity Share |
| Current Unlisted Share Price | ₹ 129 Per Equity Share |
| Total Available Shares | 1000 |
How To Invest In Unlisted Fintech Companies?
Investing in unlisted fintech shares is a simplified process with Stockify. Being a leading online stock trading platform, our experts help in buying and selling unlisted shares that guarantee better returns. We provide you with all the necessary financial metrics of a company like revenue, PAT, EBITDA and many more such metrics. Our process to buy unlisted shares is pretty simple, you can connect with our experts online and start your safe investment journey.