Fintech stocks have made -- and erased -- small fortunes for many investors in recent years.

In 2020, many of these stocks doubled or tripled in value. Some saw their market caps soar by 1,000%. Those sudden rises were followed by dramatic falls, as many fintech stocks gave back all those gains.

This looks like a fantastic time to buy certain fintech stocks -- prominent among them, Nu Holdings (NYSE: NU). While it's not as cheap as some of the other options out there, it is, in my view, arguably the best place to invest $1,000 right now. During the coming years, its shares have tremendous upside potential as the company executes on its growth plans.

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Source Fool.com