When will Mode Mobile IPO?
While the company hasn't set an exact date for its public stock market debut, Mode Mobile has officially reserved the ticker symbol $MODE on the Nasdaq. This is a common preparatory step that companies take before an IPO. The company says it's planning an IPO "within the next 18–24 months from the Reg A 2026 offering."
Is Mode Mobile profitable?
Mode Mobile has only recently become profitable. The company delivered a net loss of $3.3 million in 2024, but it achieved profitability in 2025 with pro-forma EBITDA of $11.8 million. The company projects 2026 revenue of $103 million and EBITDA of $35 million.
Mode Mobile is still generating revenue at a scale significantly smaller than that of many other fintech companies. Mode Mobile says its company's revenue grew by 32,481% between 2019 and 2022. However, it generated just $75 million in revenue between 2020 and 2024.
Alternatives to Mode Mobile stock
Mode Mobile has used both Regulation CF and Regulation A offerings to raise capital and allow both accredited and non-accredited investors to purchase shares. That said, you can't buy traditional public stock of Mode Mobile on an exchange using a brokerage account as of mid-2026. However, management has indicated that Mode Mobile will eventually become a public company.
Mode Mobile doesn't have many publicly traded direct competitors, but it's technically a fintech player. There are plenty of intriguing companies in this industry broadly that could intrigue retail investors. Here are some alternatives to Mode Mobile to consider.
1. PayPal
PayPal is one of the most well-known fintech companies, known for its online payment system that allows users to send and receive money digitally. Founded in 1998, PayPal acts as a secure intermediary between buyers and sellers, protecting users' financial information by not sharing their bank account or credit card numbers directly with merchants.
Over the years, PayPal has expanded beyond peer-to-peer payments to offer a wide range of financial services for both consumers and merchants. These include Venmo; buy now, pay later services; business tools such as invoicing and inventory management; and cryptocurrency solutions.
2. SoFi Technologies
SoFi Technologies (SOFI +1.91%) offers a wide range of financial products, including loans, bank accounts, and investment services. Providing a complete suite of financial products in a single app has helped the company attract and retain customers.
SoFi started with student loan refinancing but has since expanded into a major online lender for personal and home loans. The company offers competitive interest rates on its no-fee combined checking and savings accounts. As a chartered bank, its accounts are FDIC-insured. SoFi also provides a cloud-based tech platform that powers digital banking and payment services for other financial institutions and fintech companies.
3. Nu Holdings
Nu Holdings (NU -1.44%) is the holding company for Nubank, one of the world's largest and fastest-growing digital financial services platforms. The company is primarily known for offering a suite of app-based financial services without the high costs and physical branches of traditional banks. As a leading digital bank in Latin America, Nu Holdings boasts millions of customers and has a prominent fintech presence in Brazil, Mexico, and Colombia.
Its products include credit cards, digital accounts, personal and business loans, investment and crypto trading, insurance products, and more. Nu has simplified banking for millions who were previously unbanked or underserved by traditional institutions. Its lack of a physical branch network gives Nu a significantly lower cost-to-serve per customer, allowing it to offer low-fee or no-fee products while remaining profitable.
How to invest in stocks similar to Mode Mobile
If you want to buy shares of any publicly traded stock, here are the steps you need to take.
- Open your brokerage account: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for the stock: Enter the ticker into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
