The fintech market includes digital-payment platforms, online banking and wealth management services, and some cryptocurrency trading platforms. Businesses are also starting to recognize the value of streamlining their payment services, integrating those tools into their mobile apps, and using analytics to track customer purchases and trends. Allied Market Research expects the global mobile payment market to expand at a whopping compound annual growth rate (CAGR) of 30.1% between 2020 and 2027 to become a $12.06 trillion market.
Palantir (NYSE: PLTR) has taken investors on a wild ride since its direct listing last September. Unfortunately, investors who chased Palantir were burned when the stock price plunged back to the low $20s. Gotham mainly serves U.S. government agencies -- including the military, the CIA, the FBI, and ICE -- and plans to become the "default operating system for data across the U.S. government."
Palantir's (PLTR) first-quarter 2021 revenues are expected to have benefited from its strong business model.