Better Fintech Stock: Robinhood vs. Affirm
Robinhood (NASDAQ: HOOD) and Affirm (NASDAQ: AFRM) are both high-growth fintech companies that aspire to disrupt legacy financial institutions. Robinhood's introduction of commission-free stock and cryptocurrency trades attracted a new generation of retail investors and forced traditional brokerages to eliminate their fees. Affirm is challenging credit card companies with a BNPL (buy now, pay later) payment network that breaks larger purchases into smaller monthly payments.
Both stocks are volatile. Robinhood went public at $38 per share in July, surged to $85 in August, and then tumbled back to about $40 as investors fretted over its regulatory challenges. Affirm went public in January at $49 per share. It soared to $146.50 the following month, pulled back to its IPO price in May, and jumped to about $110 after revealing a new partnership with Amazon (NASDAQ: AMZN).
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Source Fool.com
