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Federal Reserve Chairman Jerome PowellThe Motley Fool
•79% Informative
Fintech platform SoFi (NASDAQ: SOFI) is an obvious beneficiary of lower interest rates.
Lowering rates could serve as a bellwether for lending businesses.
Lending services is by far SoFi 's biggest source of growth, but the lending segment has shown noticeable deceleration.
Now could be a time to buy SoFi stock hand over fist.
At the end of June , SoFi boasted 8.8 million members on its platform -- up 41% year over year .
This dynamic makes it easier to keep costs related to customer acquisition reasonable, while simultaneously achieving higher unit economics across the entire customer base.
Still, I don't think investors are fully appreciating this dynamic, and they have gone so far as to punish SoFi in the form of heavy stock sell-offs.
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