SoFi vs. Upstart vs. LendingClub: Which Should You Buy?
Even if you're new to the world of financial technology, you've probably heard the buzz around consumer finance innovators SoFi Technologies (NASDAQ: SOFI), Upstart Holdings (NASDAQ: UPST), and LendingClub (NYSE: LC). SoFi, which went public through a merger with a special purpose acquisition company this year, offers the broadest array of financial products and services of these three. Upstart went public at the end of 2020 and has seen its shares climb more than 700% since its first day of trading. LendingClub, which has been public since 2014, is more or less the underdog here, with its stock falling under $5 last summer but quickly turning around after the company completed a key acquisition this year.
There has been much debate over which of the three is the superior company and better investment opportunity, so let's take a look.
All three of these companies have disruptive business models, using technology and artificial intelligence to acquire customers more easily than traditional banks and approve loans quicker.
Source Fool.com
