Everyone seems to be excited about Ant Financial’s IPO but the interest in Fintech goes beyond Ant itself. Some of the hottest Fintech companies remained private – Robinhood, Betterment and Stripe, and it is not possible for retail investors to get a stake. That said, there are many Fintech companies that are listed. I highlight 7 companies herein. Ant Financial (SEHK:6688) Ant is definitely the hottest and biggest Fintech at the moment. Its IPO is oversubscribed by 872 times and it is currently the biggest listing ever in history, raising US$34.4 billion (the last record was held by Aramco which raised US$26 billion). Ant’s revenue has grown at 36% per year between 2017 to 2019. It is profitable with a ¥18 billion (US$2.7 billion) net profit or a 15% net profit margin in 2019. Ant provides a full suite of financial services – payments, insurance, investments and credit. Below is a breakdown of the segment revenue for Ant in 2019:...