IPOE - Here's the Next Stock I'm Going to Buy
SoFi -- the fintech set to go public via merger with SPAC Social Capital Hedosophia Holdings V (NYSE: IPOE) -- is a promising start-up. The mobile-first company is expecting to grow at a rapid pace in the coming years as it expands its banking services and has made a couple of transformational acquisitions to help it execute on its plans.
After getting dragged down with other high-flying tech stocks in recent weeks (it's is down 30% from all-time highs as of this writing), I'm ready to start taking a very small nibble of it.
Banking is a highly fragmented industry, and it's common for most American households to have multiple banking relationships. Besides cashing in on the general migration to all things digital, SoFi aims to consolidate this by providing multiple services via its app.
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Here's the Next Stock I'm Going to Buy