3 fintech shares I'd consider buying today

Cloud computing and streamlined payment service providers are quickly changing the way businesses are approaching Customer Relationship Management (CRM). Have a look at these three fintech shares including Praemium Ltd  (ASX:PPS)   when considering a diversified portfolio.  

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Cloud computing and payment services are allowing organisations to streamline their core business whilst canvasing richer insights from the behaviour of their clients and customers.

Here are three companies I believe are well positioned to help other businesses better meet the needs of their end-users. 

Class Ltd  (ASX: CL1)

Class Ltd  is a cloud software-as-a-service provider for Self Managed Super Fund (SMSF) administrators. Class Ltd also offers software targeted at streamlining the administration of investment portfolios for non-SMSF entities such as companies, trusts, and individuals. 

Class Ltd aims to automate the many manual workloads that were previously unavoidable when self managing superannuation funds. This enables administrators, accountants, and advisers to reduce workload, increase efficiency, and increase profitability providing a better service to their clients. 

Making waves through the industry like New Zealand accounting software provider XERO FPO NZX  (ASX: XRO) Class Ltd grew its account portfolio by 78% in FY17. x

EML Payments Ltd  (ASX: EML)

EML Payments  provides physical, mobile, and virtual card solutions to large corporate enterprises around the world. Through a combined portfolio of innovative payment solutions EML Payments offer technology solutions for payouts, gifts, incentives, rewards, and supplier payments.

Examples of the company's clients extend from large shopping centres to online/retail chains and betting agencies such as Ladbrokes. x

EML Payments managed to achieve a staggering 150% increase in revenues compared to the last financial year and is currently managing more than 850 programs across Australia, Europe, and North America. As a capital light business with established operations within the lucrative North American and European markets EML Payments is certainly one to watch. 

Praemium Ltd  (ASX: PPS) 

Praemium  offers cloud-based software for investment platforms, portfolio administration, investment management, and CRM solutions with offices in the US, UK, Armenia, and Hong Kong. Praemium currently manage over $6.6 billion worth of funds globally across more than 300,000 accounts.

Praemium Ltd shares recently jumped to a 52-week high on the back of a record quarter for platform inflows and funds under administration (FUA).

Motley Fool contributor Tim Wilks has no financial interest in any company mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »