Berkshire Hathaway Just Invested in Another Fintech

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has had a difficult time finding places to put its money to work in recent years, and this has led to the company branching out into more tech-focused investments.

One area that is a natural fit for Buffett and his team is financial technology, or fintech. Banking has long been a favorite industry of Buffett's, and that's obvious in the company's massive stock portfolio -- in fact, Bank of America (NYSE: BAC) is Berkshire's second-largest investment.

So, when looking to branch out into newer technologies, the financial sector certainly makes sense. We've already seen fintech investments from Berkshire such as Brazilian payment processor StoneCo (NASDAQ: STNE) and India-based mobile payments company Paytm, and we just learned that another has been added.

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Source Fool.com