Sofi Stock led by Anthony Noto vs Varo Bank founded by CEO Colin Walsh! In this video, we compare the two fintechs Sofi Technologies & Varo Bank. As we all know Sofi is in the process of getting a bank charter and Varo has already received theirs. Although Sofi is a public company & Varo is not, we compare the qualities of both companies like what they offer in terms of products/benefits. Since Varo Bank isn't a publicly-traded company we really don't have access to the financials, however, they are looking to go public sometime in the future & when that happens we can take a deep dive into the financials and you already know we will cover that here on this channel. Sofi & Varo are no doubt promising fintechs in their own right, each company in our opinion is very solid. However, if you had to pick just one fintech then who would be king? In this video, we set out to answer that very question. It's a lot closer than you think! Let us know in the comments down if you want to see more Varo Bank content! Also if you like this video then don't forget to like and subscribe we cover all things Sofi/Sofi Stock from Sofi Fundamental Analysis, Sofi Technical Analysis, & even Sofi Breaking News! WE ALSO cover all things FINTECH are really excited for the revolution in the financial space!
#SofiStock #SofiBank #VaroBank #Varo #AnthonyNoto #ColinWalsh #Fintech #FinancialTechnology #BankCharter #SiliconValley #Tech #Technology #SofivsVaro #SofiBankvsVaroBank #BattleoftheFintechs
Timestamps:
00:00 Intro
00:50 Video Overview
1:01 Varo Bank First To Get Bank Charter Approval
01:19 What Does Varo Bank Do?
01:29 Varo Bank CEO Colin Walsh
03:00 Is Colin Walsh Really Gordon Ramsay?!
03:10 What Does Varo Bank Offer
03:40 How SoFi Has A Bigger Opportunity
04:02 Varo Still A Private Company
04:15 Russel Westbrook’s Investment Into Varo Bank
04:25 How Bank Charter Affected Varo
04:47 Varo Plans For Future
05:02 SoFi’s Market Cap When it Went Public Vs Today
05:21 SoFi’s YoY Member Growth
05:38 SoFi and Varo Bank CEO’s
05:50 Varo Bank CEO Colin Walsh Work Experience
06:08 SoFi Ceo Anthony Noto Work Experience
06:25 Both Companies Experiencing Growth
06:43 What’s Next For These SF Fintechs?
*We are not financial advisors so please always do your own due diligence*
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