Fintech Stars: Nu Holdings, SoFi Technologies Report Impressive Growth
Nu Holdings, a leading technology company, has reported a significant positive net income of $2.3 billion over the past year. Meanwhile, SoFi Technologies, another affordable fintech stock, has shown impressive growth and profitability.
Fintech, an attractive sector for new investors, offers opportunities like Nu Holdings and SoFi Technologies, both affordable with $1,000 or less. Nu Holdings boasts 102 million active customers and $11.66 billion in trailing revenue. Its subsidiary, Nu Bank, has 12 million customers in Mexico, with deposits surging 85% annually.
SoFi, with 11.7 million members, has added $2.3 billion to its balance sheet last quarter, and deposits total $30 billion. The company is becoming profitable, reporting net income of $97 million last quarter. Both companies offer compelling features: Nu Holdings with its vast customer base and SoFi with high interest rates on savings accounts and valuable cash back programs.
Despite market highs, it's never too late to start investing in promising sectors like fintech. Nu Holdings and SoFi Technologies, with their impressive financials and growth potential, are attractive options for investors with $1,000 or less.
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