The Top 5 Fintech Stocks of the Last Decade
The American stock market has enjoyed a resilient decade, bouncing off the lows caused by the great financial crisis by steadily and consistently making new all-time highs. Since Jan. 1, 2010, the S&P 500 index has climbed 182%, good for annual returns of 10.9%. While passive index investors have done well, some fintech companies -- companies using technology to make traditional financial tasks affordable, convenient, and fast -- have trumped those returns by orders of magnitude.
Before ushering in the 2020s, let's look back at the five best-returning fintech stocks of the 2010s and the strategies that led to their success. For purposes of this exercise, let's limit the discussion to gains that stocks have seen on U.S.-based exchanges and companies that make most of their revenue from fintech applications.
These five fintech companies have trounced the market over the past decade. Image source: Getty Images.
Source Fool.com
