Better Growth Stock: Upstart vs. Nu Holdings
Upstart Holdings (NASDAQ: UPST) and Nu Holdings (NYSE: NU) are both innovative fintech companies that are shaking up traditional financial institutions.
Upstart uses AI to analyze non-traditional data points (like GPAs, standardized test scores, and previous jobs) to approve a wider range of loans than systems that only review an applicant's FICO Score and annual income. That helps its lending partners serve more people with limited employment or credit histories.
Nu, more commonly known as NuBank, is the largest digital bank in Latin America. Most of its customers are in Brazil, Mexico, and Colombia, and its digital-only approach and no-fee credit cards enabled it to expand much faster than its regional brick-and-mortar competitors.
Source Fool.com
