Better Buy In 2023: SoFi or Nu Holdings?
The financial super app SoFi Technologies (NASDAQ: SOFI) and the Brazilian digital bank Nu Holdings (NYSE: NU) have been two of the most highly anticipated and most-watched fintech companies to hit the public markets in recent years. Both initially saw fast growth in their respective markets. After going public through a special purpose acquisition company (SPAC) in 2021, SoFi rose to a huge valuation like many tech stocks before falling more than 70% this year amid high inflation and rising interest rates.