Fintech, or financial technology, has become a market buzzword as tech-driven upstarts have changed the landscape in the broader financial sector. Nearly everyone engages with it in some capacity, through mobile payments, online banking, and chip-based credit cards.
While every financial company has introduced new technology into their systems, including financial giants like Visa and Bank of America, many young companies offer investors the chance for high growth. Consider Nu Holdings (NU +2.64%) and SoFi Technologies (SOFI +5.13%). Both of these banks are small, all digital, and growing at fast rates.
Which one is the better fintech buy right now?
Image source: The Motley Fool.
The case for Nu: high growth and vast opportunities
Nu is based in Brazil, where it already has more than 60% of the adult population as customers. More recently, it also entered the Mexican and Colombian…
