SoFi Technologies (NASDAQ: SOFI) has taken its investors on a disappointing journey. Shares of this digital banking pioneer are currently 74% off their peak price, and they have tanked 32% just this year (as of June 4). That's hugely worrying when you see that the Nasdaq Composite Index is up 12% in 2024.

This beaten-down fintech stock might present a worthwhile buying opportunity, though, especially if you're a long-term investor. Can SoFi make you a millionaire one day?

Innovation happens at a rapid pace in today's internet-driven economy, even in industries that have been around for a long time, such as financial services. By focusing on providing an exceptional user experience, one bolstered by digital-only offerings and no physical branches, SoFi has so far found success.

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Source Fool.com