Moreover, the COVID-19 pandemic accelerated the digital transformation of financial services, further driving the appeal of fintech stocks. The shift towards remote work, online shopping, and contactless payments has created a fertile ground for fintech companies to flourish. For instance, companies like Shopify Inc. (NYSE: SHOP), which offers an e-commerce platform, experienced tremendous growth during the pandemic as businesses turned to online channels. As a result, their stock prices soared, rewarding early investors.