U.S. fintech stocks surged after data confirmed sending money online services are capturing a larger share of migrant remittances. Goldman Sachs predicts sustained market share gains could lift valuations by 18% over the next 12 months. It is best to work directly with the Internal Revenue Service (IRS) or a reputable tax professional to address missing stimulus payments or claim the relevant Recovery Rebate Credit on your tax return, if eligible. Finally, you’ll want to take a few precautions to move your money safely. Here are some best practices to follow to protect yourself and your wallet. Market sentiment in fintech remains bullish as sending money online continues to drive recurring revenue. Stocks in this subsector have maintained a high P/E multiple despite broader market volatility, signaling investor confidence.
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