Why I keep adding to SOFI stock
Hi Readers, I have been increasing my position in SOFI (Ticker: Sofi) for a few months now, bringing my average cost down to $18.21 USD . Despite the recent correction in growth stocks in general, I am still positive and bullish for SOFI long term because it is going to be a Superapp and its surging popularity among youths is likely to translate into sustainable growth for years to come. What differentiates SOFI from other fintech apps and what makes me so bullish on SOFI long term? 1. GALILEO Financial Technologies Sofi acquired Galileo in Apr20 and this acquisition of Galileo is a game changer as it cements Sofi as a key payment processing platform for the future. Galileo is a powerful payment processing platform which offers an easy solution for companies to create sophisticated payment card programs and digital banking solutions and its key companies include Stripe, Square, Goldman Sachs among others. Galileo has had incredible growth thus far (over 100% YOY) and will be cont