A surge in PB Fintech Ltd. has turned the Indian stock into the world’s best-performer this year among major financial technology firms as green shoots emerge in unsecured lending after a central bank crackdown.
The shares have risen about 110% in 2024, the most among companies with a minimum $1 billion market value in the 52-member Solactive FinTech Index. The gauge, whose largest constituents are Intuit Inc. and Fiserv Inc., is up 15%.