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Barchart
Sushree Mohanty

Should You Buy This Fintech Stock Before 2023 Ends?

SOFI fintech Jim Cramer CNBC

Investor interest in fintech stocks remains high, as artificial intelligence (AI) opens up new growth opportunities for all industries. While most fintech stocks - like PayPal (PYPL) and Block (SQ) - got clobbered in 2023 due to rising interest rates, shares of SoFi Technologies (SOFI) have surged 65% year-to-date, outperforming the S&P 500 Index's ($SPX) gain of 18.7%. 

Founded in 2011, SoFi initially established its foothold in student loan refinancing. However, the company swiftly expanded its portfolio to include personal loans, mortgage lending, investment management, insurance, banking, and even cryptocurrency trading.

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