$SoFi Technologies Inc.(SOFI)$ Another reason to get behind SoFi is due to the company bringing “market-leading deployable digital platform for neo/digital banks” Galileo under the fold. SoFi bought the Utah-based payment processor for $1.2 billion in May 2020. “Beyond vertical integration,” says Hecht, “Consolidation between SoFi and Galileo drives efficiencies that result in significant cross-selling opportunities between both customer bases (both B2B & B2C customers).” These synergies will provide even more of a boost to SoFi's “competitive advantages” and at the same time drive “attractive unit economics.”Just buy and hold,guys!
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