Better Buy in 2022: SoFi or Nu Holdings?
Two fintech stocks that have captivated investors this year are SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU), the parent of Nubank. Both offer a suite of banking products, seeking to become the center for all of their customers' banking needs. While SoFi is based in the U.S., Nu is disrupting the Brazilian and Latin American banking markets by offering customers easier access to financial services with greatly reduced fees compared to competitors. Let's take a look at which one could be the better buy right now.
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SoFi's thesis is that high-income Americans are poorly served by their banks, and that they use too many different providers for services and products they should be getting in one place. SoFi seeks to be that one provider.
Source Fool.com
