Better Fintech Stock: SoFi Technologies vs. Nu Holdings

Are you looking for a new fintech name to add to your portfolio? It's certainly an area worth a look. The convergence of these two distinct sectors (finance and technology) is creating some incredible growth opportunities.In fact, it has arguably made for too many options. Take Nu Holdings (NYSE: NU) and SoFi Technologies (NASDAQ: SOFI). Both are great online banks, leading their respective markets. But some investors may only have room for one or the other. The question is, which one?You've likely heard of SoFi. A company launched in 2011 as a platform to help college graduates manage their student loans has since become much more. It's truly a full-blown chartered bank with all the expected offerings -- checking accounts, lending of all types, credit cards, investment services, and even insurance. As of the end of September, it was serving nearly 9.4 million customers, extending a four-year growth streak of uninterrupted quarterly customer growth. Its annual revenue on the order of $2.5 billion produces yearly net income in the ballpark of $200 million. That's fantastic for a young bank without any physical branches. Yes, SoFi is truly a 100% online-only banking option.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool