When I think fintech, I think PayPal Holdings Inc. (NASDAQ: PYPL) and Square Inc. (NYSE: SQ).
But with valuations topping $300 billion and $100 billion respectively, it’s time to look for the next fintech winner.
SoFi Technologies Inc. (NASDAQ: SOFI) could be just that. The fintech company seeking to revolutionize people’s personal finance promises to be an investing gem.
After its first quarterly results since merging with SPAC Social Capital Hedosophia V, Sofi stock fell 20%. But that could actually be good news for investors.
So is it worth buying....More>>>
For years before the pandemic struck, digital transactions grew briskly. Giant financial institutions were too busy raising bank fees and offering subpar services. As e-commerce firms took market share from brick and mortar retailers, the need for digital payment systems grew. Fintech stocks are today’s darlings.
When the pandemic caused a sudden shutdown for physically located businesses, companies scurried to build an online presence. Nascent fintech companies that had a modest customer base found themselves getting an explosion in registrations.
Now that the....More>>>