The realm of financial technology (fintech) is rapidly expanding within the financial industry, with potential revenues reaching staggering levels. Projections from BCG suggest that the global fintech market could hit $1.5 trillion in sales by 2030.
This forecast serves as a compelling reason why companies are striving to lead the way in innovative fintech services. Among those poised to capitalize on this growth are Sofi Technologies (NASDAQ: SOFI) and PayPal (NASDAQ: PYPL). Let’s delve into their promising positions.
SoFi has rapidly expanded its offerings over time, now providing an array of financial services including loans, investments, checking and savings accounts, loan refinancing, credit cards, and estate planning.
To illustrate SoFi’s growth trajectory, consider that it had just over 1 million members at the start of 2020. By December of that year, it proudly announced surpassing 10 million members — marking a remarkable 9x…
2025-01-09 09:45:00
Original from finance.yahoo.com