May 14, 2021

Financial technology is one of the fastest-growing sectors in the market. It primarily adapts the way users use personal finance tools through the use of technology, such as payments apps, peer-to-peer transfers, digital wallets, and cryptocurrencies. The dominant companies in the industry are Paypal, Square, Venmo, and Apple, but broader exposure through an exchange-traded fund may mitigate one-off failures but still capture returns in the growing industry. Ark Fintech ETF ARKF has made a splash more recently as a fintech-focused fund holding Square and PayPal along with Shopify, Zillow, and Pinterest for long-term capital growth. Others like Ecofin Digital Payments focus on peer-to-peer transactions and digital currency. Other top ETFs include Amplify’s Transformational Data Sharing ETF and Global X Fintech ETF.

(New York)

FINSUM + Magnifi: Fintech is growing at a rapid pace and it is how a whole generation is learning to interact with markets. Broad exposure through an ETF is a great way to dive into Fintech.

Other news today: Here is When a New Fiduciary Rule Will Hit and Big Trouble for Tesla in China


Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of May 2021, 350,000+ users with $500+ Billion in Assets Under Influence, have used Magnifi over 2,000,000 times. Try it for yourself today.


This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]