Fintech stocks race: SOFI, COIN, HOOD, UPST, AFRM, who’s winning?

There’s no denying that the past few years have been difficult for fintech stocks. Rising interest rates have made both stocks and loans less attractive. Product duplication from competitors has also made the fintech industry extremely competitive. These difficulties are front and center when you look at the performance of fintech stocks. Out of SoFi (NASDAQ: SOFI), Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD), Upstart (NASDAQ: UPST) and Affirm (NASDAQ: AFRM), which all began trading in 2020 or later, UPST commands the highest overall return of just 4%. HOOD sits in last place with a loss of about 66%.

SoFi suffered through the student loan moratorium and Coinbase and Robinhood have had to navigate crypto volatility. Now trading at lower prices, interest in fintech stocks has increased considerably as investors question if there is room to the upside. Meanwhile, the big question