5 Best Fintech Startups Investors are Flocking To

3. Stripe

Stripe is a financial services company famous for payments processing solutions. It is placed third on our list of 10 best fintech startups investors are flocking to. The startup has raised more than $2.2 billion in funding so far over sixteen rounds. The latest round in March brought in $600 million worth of new funding for the company. Stripe is valued at close to $100 billion and is on the list of firms that are planning to make their stock market debut soon. Some of the lead investors in the firm are Allianz and AXA Group, among others. 

California-based EV maker Tesla, Inc. (NASDAQ: TSLA) is one of the companies that have backed Stripe to succeed. On June 23, Tesla, Inc. (NASDAQ: TSLA) announced that it had opened an EV charging station in China that had solar and wind energy storage capability.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Tesla, Inc. (NASDAQ: TSLA)  with 24.4 million shares worth more than $16.3 billion.

Tesla, Inc. (NASDAQ: TSLA) was mentioned by Baron Partners Fund in its Q1 2021 investor letter. Here is what the fund said:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”