There's a Fintech Unicorn Hidden in This Unlikely Stock
The exciting world of fintech is typically associated with young, disruptive companies upending the old guard. MoneyGram International (NASDAQ: MGI) is an exception to this rule.
MoneyGram is one of the largest cross-border money-transfer businesses in the world, helping people in more than 200 countries send and receive cash. With a business model that's focused on a network of physical locations staffed by local agents, MoneyGram is perceived to be a company in decline, less convenient and innovative than its rising fintech competitors. However, the company has launched a fintech business unit of its own called MoneyGram Online, which has been growing like a weed and represents the future of the company.
Source Fool.com
