This 2019 Fintech IPO Is Beating the Coronavirus Market Selloff
By now, digital transaction and payment platforms like Paypal Holdings and Square are well-known household names. The flexibility to share money between peers and a growing list of e-commerce-enabled businesses that accept them has led to fast-growing consumer adoption.
While the world has seemingly gone digital, other industries have been slower to move. That's where 2019 IPO Repay Holdings (NASDAQ: RPAY) comes in. Its service, REPAY (which stands for realtime electronic payments), is tackling under-served digital payment markets like auto loans and mortgages, healthcare, and business-to-business (B2B) transactions.
While I understand the appetite for risk is diminished given current market conditions, the recently public fintech stock's flat performance so far in 2020 is handily outpacing the markets 23% decline year-to-date (as measured by the S&P 500). REPAY is at least worth a little due diligence.
Source Fool.com
