This Is the Most Profitable Fintech You've Never Heard of -- But Is It a Buy?

While the past two years were challenging times for most businesses around the world, it was a fantastic period for fintech. The pandemic accelerated megatrends like e-commerce, online banking, and cashless transactions, and the companies that were able to establish or expand their market leadership, like Square and Upstart Holdings, have delivered huge returns to investors.

Investors have good reason to love fintech companies. They're not only driving economic empowerment but also disrupting a huge market. On the flip side, that grand mission demands massive growth investments. This explains why most companies in the segment are unprofitable (like Upstart) or barely profitable (like Square).

But every once in a while, you come across a fintech player that's not just growing rapidly but also thriving on the bottom line. 360 DigiTech (NASDAQ: QFIN) is one of these companies. But is it a buy now? Let's delve further into this opportunity, and the risks involved.

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Source Fool.com