5 Best Fintech Startups Investors are Flocking To

4. Chime

Chime is a financial services company that provides mobile banking services free of charge. It is ranked fourth on our list of 10 best fintech startups investors are flocking to. The startup has so far raised $1.5 billion in funding over ten rounds, with the latest round in September bringing in more than $500 million for the firm. Some of the lead investors in the company include Melo Ventures and Crosslink Capital, among others. The company is valued at over $14 billion and has been named on the CNBC Disruptor 50 list.

Another stock to watch out for in the financial services space is Intuit Inc. (NASDAQ: INTU), the financial management and software firm with a market capitalization of close to $130 billion. Intuit Inc. (NASDAQ: INTU) is a great option for income investors. On May 25, the firm declared a quarterly dividend of $0.59 per share, in line with previous. The forward yield was 0.54%.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $4.7 billion in Intuit Inc. (NASDAQ: INTU), the same as in the preceding quarter worth $4.6 billion.

L1 Capital International Fund mentioned Intuit Inc. (NASDAQ: INTU) in its Q3 2020 investor letter. Here is what the fund said:

“Intuit epitomises the consistency, predictability and longevity of growth we seek in high quality businesses.

Intuit currently operates through 2 main divisions:

Software for financial and business management as well as integrated payroll solutions, merchant payment processing solutions, and financing for small businesses in the US and key global markets; and

Do‑it‑yourself and assisted income tax preparation software products and services sold in the U.S. and Canada.

Intuit also provides personal financial software and services through its Mint and Turbo products and has announced the acquisition of Credit Karma for US$7.1 billion which will significantly expand its personal finance capabilities, creating a third leg to Intuit’s growth stool…” (Click here to view the entire text)