SoFi: valued like tech, trades like a lender. The bottom of the cycle.

All three hosts are bullish on SoFi, arguing the market misprices its improving fee-based, capital-light platform economics as pure lender risk.

• Scale achieved: SoFi has 16 million members, more than 25 million products, a cross-buy ratio near 1.5x, over $45 billion in deposits, and revenue growing around 30%.
• Cost advantage is the moat: Brad argues SoFi's edge is that it "operates with less money than everyone else" by blending fintech's branchless cost structure with a bank charter's cheap deposit funding.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.