SoFi Technologies Stock: Worth Buying in 2022?

SoFi Technologies is a digital financial group. The company enables members to save, protect, borrow, invest, or spend their money. The group has produced a platform for financial services in order to be able to offer its members products and meet financial demands. As an “all-rounder” for all banking and finance, SoFi Technologies could be worth buying in 2022.

Gloomy 2021

Fintech stocks have fallen sharply over the past year. SoFi Technologies stock has also hit, falling 41 percent from its record high. However, this is not an indication of the future business development of SoFi Technologies. The company has made great efforts and has grown too.

Should Investors Sell Right Now? Or is it worth joining SoFi Technologies?

New relationships

SoFi Technologies is rapidly gaining new customers in the financial services segment and in the business-to-business segment. Existing customers are also increasingly using SoFi products. In the last quarter SoFi Technologies was able to increase the number of customers by 96 percent. An increase of 108 percent in the products used was also achieved. This means that SoFi customers use more than one product from the group. Investors hope that SoFi Technologies will continue its strong growth development and that SoFi Technologies share will experience a positive 2022.