Fintech has been gaining momentum over the last few years as technology attempts to tackle the financial industry. Investors are already familiar with names such as PayPal (PYPL) and Square (SQ), but smaller companies like SS&C Technologies Holdings Inc. (SSNC) and StoneCo (STNE) may offer higher returns going forward. Which is a better stock right now? Read more to find out.Fintech, which is short for financial technology, is a technology that helps consumers or financial institutions provide and deliver financial services in more efficient and quicker ways than what has traditionally been available.
In the past year, the fintech industry has seen impressive growth. The Global X FinTech ETF (FINX) has outperformed the S&P 500 and is up more than 43% over the past 12 months.
Though large stocks, such as PayPal (PYPL) and Square (SQ), garner most of the attention in the fintech industry, there are other smaller companies in the space worth paying attention to. Today, I will analyze two fintech companies, SS&C Technologies Holdings Inc. (SSNC) and StoneCo (STNE), to see which is currently a better buy.