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25 Oct As to the reasons I think SOFI is actually a financial investment well worth holding

Galileo do the fresh new backend fee operating for some Fintech businesses particularly since the Robinhood (HOOD), Red, and you can Greenlight. SOFI obtained Galileo because they analyzed the purchase price and you will challenge out-of strengthening and you can keeping brand new backend, which processes do redeploy resources from building the end product sense for professionals. What Galileo also provides is difficult to replicate; that's why you find organizations like Hood while the a consumer. A little portion regarding people competes with Galileo, and you will a level quicker phase competes with Technisys. To my knowledge, there isn't one business that can replicate just what combination out of Technisys and you can Galileo can produce; following, when you throw in SOFI's financial licenses, the barrier of entryway to have a reproduction product becomes concurrently fortified.