The Federal Reserve's fastest-ever interest rate hikes since March 2022 have been a big headwind for a lot of stocks. But nowhere have rapid rate hikes been felt more than the fintech space, with the potential exception of regional banks.

Fintech marketplaces such as (NYSE: LC) count regional banks as some of their key loan buyers, so when those banks had to pull back, fintech marketplaces such as LendingClub, Upstart (NASDAQ: UPST), and SoFi Technologies (NASDAQ: SOFI) were doubly hit. The results have been ugly, with these three stocks down between 76% and 92% below their all-time highs.

But as two years of rate hikes now give way to potential rate cuts later this year, could these beaten-down names rally as much as they've been slammed? The better-positioned ones may be, and one name in particular has big potential to achieve outsized gains in a rate-cutting cycle.

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Source Fool.com