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What Does SoFi Actually Do? And Is It a Good Buy?

It has the trifecta: mission, moat, and optionality.

By Brian Stoffel and Brian Feroldi – Jul 9, 2021 at 7:00AM EST

Back in 2012, SoFi Technologies (SOFI 0.84%) was started with a focus on student-loan refinancing. Fast-forward nearly a decade and it has become so much more. After getting taken public via a special-purpose acquisition company (SPAC) by Chamath Palihapitiya's Social Capital Hedosophia, it is now available for the public to own.

But is it a good investment? Some Motley Fool investors are very excited about it. Others are more cautious. In this July 5th video summarizing the hour-long deep dive they conducted, Motley Fool contributors Brian Feroldi and Brian Stoffel highlight both the bull and bear case for owning shares of SoFi.

Read Next

About the Author

Brian Stoffel
For six years after graduating from Grinnell College, Brian Stoffel was a middle school teacher. Five of them were spent in inner-city Washington DC at a KIPP charter school that focused getting 100% of students accepted to college. In 2010, Brian and his wife took time off to move to Costa Rica and re-evaluate their life priorities. Six months later, having been an avid blogger on finance and stocks on the Motley Fool's discussion boards, Brian entered the Motley Fool's Writer Development Program. He has been writing for the Fool since 2010, and loves all-things-Wisconsin.
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X@Brian_Stoffel_

Brian Feroldi has no position in any of the stocks mentioned. Brian Stoffel has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends SoFi Technologies, Inc. The Motley Fool has a disclosure policy.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$16.56
(-0.84%)-$0.14

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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