SOFI Stock Is in the Midst of a $882 BILLION Market

According to Fortune Business Insights, the global fintech market is estimated to be worth $882 billion in 2030, signaling a compound annual growth rate (CAGR) of 17% between 2023 and 2030. That sets the stage well for high-growth fintech companies, such as SoFi (NASDAQ:SOFI). During the fourth quarter, SoFi reported adjusted revenue growth of 34% to $594 million. At the same time, shares of SOFI stock are down by nearly 30% in 2024.Fortune added that the Covid-19 pandemic acted as a major tailwind for the ...