The recent past has not been kind to financial technology and IPO stocks. In the last 12 months, the Renaissance IPO ETF (NYSEMKT: IPO) has been underperforming the S&P 500 by almost 50%, and the S&P 500 is down over 10% in the same time period.

One stock that has gotten hit badly by this sell-off is London-based fintech Wise (LSE: WISE). The stock price for this global remittance and foreign exchange platform is down nearly 68% since its IPO a little less than a year ago, potentially providing a buying opportunity for long-term investors.

Is it wise (pun intended) to invest in beaten-down IPO Wise right now? Let's take a look. 

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Source Fool.com