The One Thing That Makes SoFi Different From Square
In this video, I will be talking about SoFi (NASDAQ: SOFI) and the main difference between it and Square (NYSE: SQ). Both are amazing companies, but they have different missions and product offerings. You can find the video below.
Just as with Square's business, one of the main goals of both companies is for the users to deposit more money on the platform and use as many products as it offers. And lastly, it's all about data at the end of the day. The more data, the better the service the company could offer its users, whether it's loans, rates, or getting a paycheck two days in advance.
But for me what makes SoFi stand out is Galileo. As more and more neo-banks emerge, Galileo and SoFi will benefit. You could say that competition is their friend.
Source Fool.com
