20 Best Fintech Stocks to Buy According to Billionaires

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16. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Billionaire Investors: 11

Number of Hedge Fund Holders: 43

SoFi Technologies, Inc. (NASDAQ:SOFI) is an American personal finance and financial technology company that ranks among the best fintech stocks to buy. The company offers a wide range of products and services including personal loans, private student loans, auto loans, mortgages, credit cards, insurance, estate planning, and banking. SoFi Technologies, Inc. (NASDAQ:SOFI) also supports other financial institutions through its technology platform.

The company is focused on a strategy to diversify its revenue streams with less capital-intensive and more fee-based sources of revenue. On March 13, SoFi Technologies, Inc. (NASDAQ:SOFI) finalized its largest Loan Platform Business agreement to date, worth up to $5 billion, with funds managed by Blue Owl Capital. Blue Owl Capital is an asset manager with more than $250 billion in assets under management. This two-year deal focuses on personal loans and reflects the rising demand for such loans from members and debt investors. SoFi Technologies, Inc.’s (NASDAQ:SOFI) Loan Platform Business connects pre-qualified borrowers with loan origination partners and also originates loans on behalf of third parties. In 2024, the platform originated $2.1 billion of loans. Through its Loan Platform Business, SoFi Technologies, Inc. (NASDAQ:SOFI) earns fee income to originate loans while retaining servicing rights.

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