SOFI - Can SoFi Stock Help You Retire a Millionaire?
2024-04-28 12:25:00 ET
Financial services is an industry desperate for some innovation. In an age when just about anything can be accomplished online, the idea of going to a brick-and-mortar bank to complete a basic transaction is not appealing.
Fintech businesses that operate at the intersection of technology and finance, such as Stripe , Chime, Plaid, and others, have brought some much-needed disruption to legacy financial services. But investors can only access those companies through special investment vehicles as they are still private.
However, one emerging publicly traded fintech is SoFi Technologies (NASDAQ: SOFI) . SoFi went public a few years ago following a merger with a special purpose acquisition company (SPAC) led by billionaire investor Chamath Palihapitiya .
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Can SoFi Stock Help You Retire a Millionaire?