LexinFintech Is the Best Fintech Stock Nobody's Talking About
Financial technology companies, or fintechs, are transforming all corners of the financial sector, from banking to insurance to payments. Some of these companies lean more on either the "financial" or "tech" side of the term, but all of them automate, streamline, or otherwise improve how financial services are delivered.
And however you categorize them, they represent some of the top-performing stocks over the past few years. Two of the biggest and most successful are Square and PayPal, but there are many others that fly under the radar. One of them is called LexinFintech Holdings (NASDAQ: LX). You don't hear a lot about this Chinese company, but you should get to know it.
LexinFintech is an online consumer finance company that doubles as an e-commerce business. It offers its customers a line of credit that they can then use to buy merchandise on the company's e-commerce platform, Fenquile, which includes merchants that offer electronics, fashion, home furnishings, and all other types of merchandise. Customers can also make purchases outside the Fenquile platform as they are able to link the credit line to other payment providers, like Alibaba's Alipay.
Source Fool.com
