5 Best Fintech Companies and Stocks in 2021

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In this article we discuss the top 5 Fintech stocks to buy for 2021. If you want to read our detailed analysis of the best FinTech stocks to buy this year, go directly to Top 10 Best Fintech Companies and Stocks in 2021.

5. Lemonade, Inc. (NYSE: LMND)

Lemonade, Inc. (NYSE: LMND) is a New York-based insurance firm founded by Daniel Schreiber, Shai Wininger, and Ty Sagalow in 2015. It is 5th on our list of top 10 best fintech companies and stocks in 2021. The company offers different types of insurance to customers. It uses artificial intelligence and chatbots to process claims, something that makes it unique in the traditional insurance industry. It also holds the world record processing an insurance claim in the quickest time: three seconds. The firm is operating in 28 US states and keeps 25% of the customer’s premium and uses the rest to pay off claims. 

Lemonade has a market cap of over $5.4 billion and posted a revenue of close to $100 million in December 2020. Equity research firm Oppenheimer & Co. Inc. earlier in March upgraded Lemonade stock to Outperform from Perform as new products of the firm start to gain traction. The firm set the price target at $110, saying the company was expected to launch an auto product that would be worth $500 million. Lemonade stock is certainly one of the best fintech stocks on the market for investors.

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