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smokinjoe569 t1_ja2javl wrote on February 26, 2023 at 10:30 AM

Reply to comment by Dpope32 in Why SoFi is Poised to Take Over the Fintech Industry: An In-Depth Analysis by [deleted]

They are tech based on that they don't have branches but they're still a financial institution. Getting deposits has a cost with it and their loan portfolio isn't really geared towards a higher rate environment.