Happen Bank Is Crushing SoFi This Year. Here's the Reason Why It's Still the Better Buy.
It all comes down to the fundamentals of banking.
Overview
Two high-growth, technology-savvy fintechs, Happen Bank (NASDAQ: HAPN), formerly known as LendingClub, and SoFi (NASDAQ: SOFI), are moving in opposite directions this year: Happen Bank is up 2.9%, while SoFi has plunged 31.5%.
The move may seem counterintuitive. SoFi garners more media and investor attention than Happen. But after the divergent moves in both stocks, which of these high-growth, personal-loan-centered fintechs is the better buy today?
Details
Over the past one to two decades, Happen and SoFi have emerged as two of the main companies seeking to disrupt the consumer credit market in the U.S. While SoFi began as a student loan originator, its personal loan business now dwarfs its student loan franchise.
Source
Originally published at www.fool.com.