REPORT: 3 Fintech Stocks To Watch As Investments Continue To Pour In

Early examples of financial technologies (FinTech) are Interac, ATMs, and telephone banking, which began infiltrating developed nations in the seventies and became omnipresent in the eighties and nineties.

Now, a new generation of technological innovators are “disrupting” this sector, and the money pouring in behind it is huge.

From payment technologies to wealth management, the fintech industry is growing at an extremely rapid pace globally, attracting more than $17.4 billion in investment in 2016 alone. Many of these companies are well past their experimental phases and well on their way to disrupting the entire industry. The growth of capital being invested in fintech companies underscores how technology and the Internet are radically changing the nature of money and financial services.

The primary areas of rapid development are payments, lending and wealth management.

Some investors are starting to wonder if there’s a way they can make money in this sector.

Well yes there is, or at least there are stocks they can buy if they want to bet on the industry’s continued growth, which every analyst out there agrees it will.

Many Fintech Stocks have already skyrocketed, so the trick is finding the ‘budding’ stocks in this sector that are set to launch, so you can maximize your gains.

Here are some of fintech-related stocks we think have solid potential in the very near future:

1. Glance Technologies, Inc. (GLNNF)

Glance Technologies, Inc. is a streamlined payment app that allows customers to pay their restaurant bill instantly with their mobile device – without waiting for a credit card machine.

Co-founder and CEO Desmond Griffin, CFA, is an industry leader in mobile payments. He co-founded PayByPhone and was its CEO from inception through to a successful $45M cash exit. During his tenure, PayByPhone grew phenomenally – processing tens of millions of mobile payments annually, in over 100 cities around the world.

PayByPhone was recently acquired by German auto giant Volkswagen.

The pedigree, sector, and experience steering Glance Technologies is a prime example of a fintech play set to go places soon. Glance has many expansion plans, and with their recent listing on the OTCQB in the USA (GLNNF), is a well positioned company to fully take advantage of an industry that is growing faster than the NFL and Marijuana sector combined!

There’s a great article on Fintech and Glance Technologies here, that includes a video with CEO Desmond Griffin.

2. First Global Data (FGD)

First Global is an international financial services technology (“FINTECH”) company. The Company’s two main lines of business are mobile payments and cross border payments. First Global’s proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (“P2P”), Business to Consumer (“B2C”), and Business to Business (“B2B”) payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

3. TIO Networks Corp. (TNC)

TIO Networks is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate and collect payments outside of the traditional bank channel, via self-service kiosk, retail walk-in, mobile and web solutions. With over 70,000 endpoints in its processing network, TIO symbolizes fast, convenient and secure access to expedited payment services.
Source: Westbrook Radio
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