TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Fintech Stocks Are on Sale. This One Looks Like a Screaming Buy.

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Fintech Stocks Are on Sale. This One Looks Like a Screaming Buy.

Remitly Global, a digital remittance platform, reported strong Q3 growth despite stock price decline. The company is expanding its market with new products like Remitly One and appears undervalued given its performance.

Insights
BMLpG   negative

Buffett sold 41% of Berkshire's stake due to potential interest rate sensitivity, high valuation premium, and potential future tax considerations


RELY   positive

Strong Q3 performance with 21% active customer growth, 35% send volume increase, and 25% revenue growth. Trading at low price-to-sales ratio of 1.7 and low credit risk, suggesting potential for future growth.