Better Fintech Stock: Nu Holdings vs. SoFi Technologies

Nu Holdings (NYSE: NU) and SoFi Technologies (NASDAQ: SOFI) are two of my favorite stocks. They're both impressive all-digital banks, though they differ in some features and serve customers in different regions. But when compared head to head as investments, which one wins? Image source: Getty Images.Nu is based in Brazil, its primary market, and also serves customers in Mexico and Colombia. Brazil's financial sector was historically dominated by a handful of large, legacy banks that imposed high barriers to access, a situation that left many people there unbanked or underbanked. Nu was launched to provide financial services for these populations, but it has become increasingly popular across many demographics, and now, 60% of adults in Brazil have Nu accounts. The bank is making strides in its other markets too: 13% of the adult population in Mexico are Nu customers, as are 9% of adults in Colombia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool