Forget traditional banks! I’m buying these 2 fintech stocks instead

forget traditional banks im buying these 2 fintech stocks instead

Sumary of Forget traditional banks! I’m buying these 2 fintech stocks instead:

  • Although this was partly due to accounting errors, the bank has also been faced with large costs, due to its many branches around the UK. While other UK banks, such as HSBC and Lloyds, have fared better, their growth is also very slow.
  • This is due to fears that growth is starting to slow amid rising competition.
  • Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval… We’re sharing the names in a special FREE investing report that you can download today.
  • Indeed, in its Q3 trading update, the company still saw year-on-year revenue growth of 13%.
  • As such, this shows that the company’s growth is rapid, and is the reason why I’m optimistic that SoFi is a real disruptor in the fintech industry.
  • Although it’s managed to reach positive adjusted EBITDA, it’s still posting heavy net losses.

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