Últimas noticias sobre DigiAsia (NASDAQ:FAAS) Bolsa

DigiAsia Corp operates as a holding company. The majority of DigiAsia's operations are currently conducted through its majority-owned entities, controlled entities and corporate joint venture. It is among the first embedded fintech as a service (EFaaS) companies in Indonesia serving business-to-business-to-consumer (B2B2C) customers, such as large corporations and state-owned enterprises, as well as business-to-business (B2B) customers, such as micro, small and medium-sized enterprise (MSME) merchants, across various segments. It aims to be a fintech-enabling platform in Southeast Asia by accelerating financial inclusion through its licenses and technology stack and combining the benefits of technological innovation with traditional financial services.

DigiAsia Corp

&nbsp;S&amp;P SmallCap 600 constituent SITE Centers Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) is spinning off Curbline Properties in a transaction expected to be completed on October 1.
Cross Country Healthcare is no longer representative of the small-cap market space.&nbsp;

News

CCRN

CURBw

SITC

Curbline Properties To Be Added To S&P SmallCap 600 Effective Prior To Open Of Trading On October 1, Replacing Cross Country Healthcare

TMDX

TransMedics Group To Replace Ensign Group In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 1

&nbsp;S&amp;P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.&nbsp;

ENSG

Ensign Group Set To Join S&P MidCap 400, Effective Prior To Opening Of Trading On October 1, Replacing Southwestern Energy

As cannabis consumption becomes increasingly common across the U.S., a federal advisory panel is calling for a major shift in how the government handles <a href="https://www.benzinga.com/markets/cannabis/24/09/41049042/with-70-in-favor-could-nebraskas-cannabis-program-unlock-underserved-markets-local-expert-weighs">marijuana policy. </a>
Moving away from the &#8220;Just Say No&#8221; campaigns of the past, Thursday's report from the National Academies of Sciences, Engineering and Medicine advocates for a public health-focused approach, with the Centers for Disease Control and Prevention (CDC) playing a larger role than ever before, PBS News <a href="https://www.pbs.org/newshour/health/u-s-health-authorities-need-to-play-a-larger-role-in-cannabis-policy-report-says">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41053493/medical-marijuana-is-still-critical-balancing-act-between-recreational-medicinal-markets">&#8216;Medical Marijuana is Still Critical&#8217;: Balancing Act Between Recreational, Medicinal Markets</a>
<h3 class="wp-block-heading">A Health-Centric Shift In Cannabis Policy</h3>
"We'd like the federal government to step up to provide some leadership in this area," said Dr. Steven Teutsch of the University of Southern California, who chaired the committee behind the report. 
The CDC and the National Institutes of Health (NIH) sponsored the findings, which suggest that the rise of stronger cannabis products coupled with higher rates of daily use necessitate a more robust federal response.
A CDC spokesperson confirmed that the agency is reviewing the report&#8217;s recommendations but stressed that additional funding would be needed to implement them effectively.
<h3 class="wp-block-heading">Escalating Cannabis Potency Raises Public Health Concerns</h3>
One of the report&#8217;s key concerns is the increasing potency of marijuana. "Now you go into the stores, it's hard to find products that are less than 20% THC," noted Beau Kilmer, co-director of the RAND Drug Policy Research Center and a member of the report committee. 
This sharp increase from the roughly 5% THC levels seen 25 years ago has raised alarms over the risks associated with heavy cannabis use, including car accidents and <a href="https://www.benzinga.com/markets/cannabis/23/02/30877367/long-term-marijuana-use-can-lead-to-rare-condition-cannabinoid-hyperemesis-syndrome-say-physic-1">cannabis hyperemesis syndrome</a>, a condition that causes severe vomiting and often requires emergency medical care.
For younger users, the risks extend beyond physical health. According to the report, regular cannabis use among teenagers may interfere with learning and increase the likelihood of developing mood and anxiety disorders. Pregnant women who use cannabis regularly also risk complications for their babies.
<h3 class="wp-block-heading">Cannabis Industry Pushback</h3>
Furthermore, the report notes that cannabis industry lobbying has played a significant role in shaping state policies. In states like Washington and Colorado, efforts to limit THC concentrations or restrict the use of pesticides in cultivation have been met with resistance.
However, Aaron Smith, CEO of the National Cannabis Industry Association, defended the regulated market. "States have protected public health by replacing criminal markets with regulated businesses that are required to test products for contaminants, practice truth in labeling, and most importantly, keep cannabis products out of the hands of minors," said Smith. 
Smith added that legalizing cannabis nationally would allow for more comprehensive federal regulations, ultimately improving public health.
<h3 class="wp-block-heading">Key Recommendations From The Report</h3>
The advisory panel outlined several recommendations aimed at improving cannabis-related public health measures:
<ul>
<li>CDC: Develop and evaluate health campaigns specifically aimed at parents, teens, pregnant women, and older adults. Additionally, the agency should monitor cannabis cultivation, sales, and usage trends, while also establishing best practices for state regulations.</li>
<li>Congress: The report calls for closing a loophole that allows intoxicating hemp-derived products to be sold in states where other cannabis products remain illegal. Congress should also lift restrictions that prevent the Office of National Drug Control Policy from studying the effects of cannabis legalization.</li>
<li>States: Recommendations include requiring cannabis retail staff to undergo training and certification, expunging records for low-level cannabis-related offenses, and adopting U.S. Pharmacopeia quality standards for cannabis products.</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/09/41034042/fbi-report-over-200-000-people-were-arrested-for-cannabis-related-violations-in-2023-how-is-that">FBI Report Over 200,000 People Were Arrested For Cannabis-Related Violations In 2023: How Is That Possible?</a></li>
</ul>

Cannabis

Health Care

Markets

Federal Health Agencies Must Take Stronger Role In U.S. Cannabis Policy Shift, New Report Says

Management

TFPM

Triple Flag Precious Metals Appoints Sheldon Vanderkooy As CEO And Director, Succeeding Shaun Usmar Who Departs Effective On September 26, 2024

Michael Garcia, Algoma&#39;s Chief Executive Officer, stated, &quot;Our operations are performing in line with expectations for the fiscal&nbsp;second quarter, despite operating against a backdrop of challenging market conditions for steel demand and pricing.&quot;

Guidance

ASTL

Algoma Steel Expects Q2 Total Steel Shipments Of 510,000 To 520,000 Tons; Says Operations Are Performing In Line With Expectations For The Quarter

BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) reported second-quarter financial results Thursday after the bell. Here&#8217;s a <a href="https://www.benzinga.com/pressreleases/24/09/ac41057250/blackberry-reports-second-quarter-fiscal-year-2025-results">rundown of the report</a>.
Q2 Earnings: BlackBerry reported second-quarter revenue of $145 million, beating analyst <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $141.42 million. The company reported breakeven second-quarter earnings on an adjusted basis, beating analyst estimates for a loss of 3 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
IoT revenue was&nbsp;$55&nbsp;million, up 12% year-over-year.&nbsp;Cybersecurity revenue totaled $87&nbsp;million in the quarter, up 10% year-over-year. Licensing revenue&nbsp;came in at $3&nbsp;million. 
BlackBerry ended the quarter with $265 million in&nbsp;cash, cash equivalents and&nbsp;short-&nbsp;and long-term investments.
&#8220;BlackBerry reached a significant milestone on our path to profitability by recording breakeven adjusted EBITDA and non-GAAP EPS. This result was achieved through a combination of stronger-than-expected, double-digit revenue growth for both IoT and Cybersecurity, as well as tremendous ongoing progress in rationalizing our cost structure. Operating expenses for the quarter were 24% lower than the baseline for the prior year,&#8221; said John Giamatteo, CEO of BlackBerry.
&#8220;QNX delivered strong royalty revenue again this quarter, and there was year-over-year revenue growth for the secure communications products in our Cybersecurity division.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/41016947/crowdstrike-executive-struck-by-regret-in-house-hearing-says-company-determined-to-prevent-instances">CrowdStrike Executive Struck By Regret In House Hearing, Says Company Determined To Prevent Instances Like Microsoft Outage From Repeating: &#8216;Deeply Sorry This Happened&#8217;</a>
What&#8217;s Next: BlackBerry expects third-quarter revenue of $146 million to $154 million. BlackBerry sees third-quarter IoT revenue of $56 million to $60 million, cybersecurity revenue of $86 million to $90 million and licensing and other revenue of approximately $4 million. 
The company also guided for breakeven third-quarter earnings, plus or minus one cent per share.
BlackBerry anticipates full-year revenue of $591 million to $616 million. The company anticipates a full-year adjusted earnings loss of 2 cents to 5 cents per share.
Management will hold a conference call to discuss these results at 5:30 p.m. ET.
BB Price Action: <a href="https://www.benzinga.com/quote/BB" target="_blank" rel="noreferrer noopener">BlackBerry shares</a> were up 0.79% in after-hours, trading at $2.56 at the time of publication Thursday, according to <a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Courtesy of BlackBerry.

Earnings

After-Hours Center

Movers

BlackBerry Q2 Earnings: Revenue, EPS Beat Estimates Driven By Strength In IoT, Cybersecurity

AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) has outperformed the market over the past 10 years by 1.46% on an annualized basis producing an average annual return of 12.86%. Currently, AbbVie has a market capitalization of $338.87 billion. 
Buying $1000 In ABBV: If an investor had bought $1000 of ABBV stock 10 years ago, it would be worth $3,322.37 today based on a price of $191.90 for ABBV at the time of writing.
<h3>AbbVie's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727386222_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ABBV

Here's How Much You Would Have Made Owning AbbVie Stock In The Last 10 Years

Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) has outperformed the market over the past 10 years by 31.24% on an annualized basis producing an average annual return of 42.65%. Currently, Fair Isaac has a market capitalization of $47.17 billion. 
Buying $100 In FICO: If an investor had bought $100 of FICO stock 10 years ago, it would be worth $3,491.49 today based on a price of $1923.81 for FICO at the time of writing.
<h3>Fair Isaac's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727386217_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FICO

$100 Invested In Fair Isaac 10 Years Ago Would Be Worth This Much Today

Offerings

Scotiabank Issues C$1.25B, Five-year Sustainability Notes On September 26

The 1-for-15 ratio is within the range approved by the Company&#39;s stockholders at the Special Meeting of Stockholders held on September 19, 2024.

Stock Split

STRM

Streamline Health Plans To Proceed With 1-For-15 Reverse Stock Split Of Its Outstanding Shares Of Common Stock

On September 25, 2024, the board of directors appointed Campbell Becher as President of the Company, effective immediately.
On September 26, 2024, the board of directors appointed Kevin Richardson as Interim Chief Executive Officer and Chief Financial Officer as well as a member of the board of directors.&nbsp;

Qualigen Therapeutics, Inc. - Common Stock

QLGN

Qualigen Therapeutics Says CEO & Chairman Michael Poirier And CFO Christopher Lotz Resign Due To Disagreements With Company Regarding Its Future Direction And Strategic Initiatives

Real Good Food Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGF#NASDAQ">RGF</a>) shares are racing higher in extended trading Thursday after the company announced debt refinancing transactions with PMC Financial Services and Emblem Investment Fund<a href="https://www.benzinga.com/pressreleases/24/09/g41055786/the-real-good-food-company-announces-debt-refinancing-transactions-with-pmc-financial-services-and"> for a $60 million new term loan.</a>
The Details: The company said it will apply $8 million of the proceeds to repay the existing PMC financing and $52 million for transaction fees and general corporate purposes to support the expansion of its manufacturing capabilities and drive several corporate initiatives to position the company for profitable long-term growth. 
Additionally, as part of the agreement, the company issued 19.99% of its outstanding equity to Emblem in the form of Class C Units of its subsidiary, Real Good Food LLC, which are exchangeable into the company&#8217;s common shares.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41036580/expect-healthy-online-spending-this-holiday-season-says-analyst-what-to-know">Expect Healthy Online Spending This Holiday Season, Says Analyst: What To Know</a>
&#8220;We are thrilled to announce these transformational transactions, which provide us with significant liquidity and therefore the capability to make critical investments in our supply chain and strategic initiatives. This will better position our supply chain to meet strong demand for our products and improve service for our customers, which sets the foundation for profitable long-term growth,&#8221; said Tim Zimmer, CEO of Real Good Foods.&nbsp;
Real Good Food Company shares are moving on heavy trading volume following the announcement with more than 7.6 million shares traded in Thursday's session, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.  
RGF Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, the Real Good Food Company shares are up 66.76% after-hours at 62 cents at the time of publication Thursday.
Read Also:
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</ul>
Photo: Gerd Altmann from Pixabay

Penny Stocks

What's Going On With Real Good Food Company Stock?

This action is consistent with the Company&#39;s capital allocation framework, which returns at least&nbsp;50 percent&nbsp;of post base dividend Non-GAAP Free Cash Flow to shareholders.

Buybacks

Ovintiv Receives Regulatory Approvals For Renewal Of Its Share Buy-back Program

ESTA

Establishment Labs Receives FDA Approval For Use Of Motiva SmoothSilk Ergonomix And Motiva SmoothSilk Round Breast Implants In Primary And Revision Breast Augmentation

ALRS

HMNF

Alerus Financial Says It Received All Regulatory Approvals Necessary To Complete Acquisition Of HMN Financial

LGCL

Lucas GC Limited H1 Revenue $83.32M, Down From Prior Year

MNTS

Momentus Receives Non-Compliance Notice From Listing Qualifications Department Of Nasdaq

BlackBerry Revises FY25 Total BlackBerry Revenue Forecast From $586M - $616M To $591M - $616M, Est $604.35M; Adj Basic EPS Guidance From $(0.03) – $(0.07) To $(0.05) - $(0.02), Est $(0.04)

A groundbreaking study from New York&#8217;s Columbia University suggests that <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a>, the psychoactive compound in magic mushrooms may offer relief to individuals suffering from body dysmorphic disorder (BDD). The research, <a href="https://pp.genomicpress.com/wp-content/uploads/2024/09/PP0028-Zhu-2024.pdf">published</a> in Psychedelics, explored the effects of psilocybin on brain function in BDD patients, revealing significant changes in brain connectivity that may alleviate the obsessive thought patterns central to the disorder.
<h3 class="wp-block-heading">Body Dysmorphic Disorder: More Than Skin Deep</h3>
BDD is a mental health condition marked by an obsessive focus on perceived physical flaws, often leading to distress and isolation. Traditional treatments, including cognitive-behavioral therapy and antidepressants, have offered limited success for many. In this new study, eight adults with moderate-to-severe BDD received a single 25 mg dose of psilocybin, followed by brain scans and symptom assessments. The study was supported by COMPASS Pathways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) and conducted using the company&#8217;s proprietary synthetic formulation, COMP360.
<h3 class="wp-block-heading">Study Reveals Long-Lasting Symptom Relief</h3>
Results showed increased brain connectivity, especially within the Executive Control Network (ECN), which is essential for cognitive flexibility and goal-directed behavior. The ECN also enhanced its connections with the Default Mode Network, associated with self reflection and the Salience Network, which helps prioritize information. These changes predicted a noticeable reduction in BDD symptoms, maintained for up to 12 weeks post-treatment.
<h3 class="wp-block-heading">A Step Forward, But More Research Is Needed</h3>
While the study offers hope, the researchers, including lead author Dr. Xi Zhu, caution that larger controlled trials are needed to confirm psilocybin&#8217;s efficacy as a treatment for BDD. The small sample size and absence of a placebo group limit the study's conclusions. Still, the findings represent a promising step toward using psychedelics to address conditions resistant to conventional therapies.
Convert image made with AI

Psychedelics

CMPS

Psilocybin Breakthrough: Study Reveals Potential Application For Body Dysmorphic Disorder

Digiasia Corp. (FAAS) has released an update. Digiasia Corp has released an investor presentation outlining the company's financial prospects, emph...

Digiasia Corp's Investor Presentation Overview

Digiasia Corp. (FAAS) has released an update. DigiAsia Corp. has announced the launch of ANDITA, an advanced AI-driven initiative designed to boost...

DigiAsia Unveils AI Initiative for MSME Growth

MINM, LIDR among major tech gainers; SYTA, WDAY among losers

DigiAsia announces execution of agreement for convertible note financing with Helena Partners

DigiAsia (FAAS) has released an update. DigiAsia's latest news release contains no text content, consisting solely of placeholder image tags, which...

DigiAsia News Release Lacks Content

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
In the last few years, technological advancements in the fintech sector have put several <a href="https://investorplace.com/industries/financial/fintech/">fintech stocks</a> to buy in the limelight.&nbsp;



For the uninitiated, fintech refers to companies that offer technology solutions for money management. That includes mobile banking or trading apps, e-wallets and peer-to-peer payment platforms.&nbsp;



And while fintech&rsquo;s relevance has surged, the last few years have been challenging for companies in the space. Macroeconomic uncertainties and a decline in fintech funding have caused many to struggle to stay afloat. As a result, many fintech stocks are trending lower, with some at 52-week lows.&nbsp;



Nevertheless, the future of fintech remains optimistic. In an increasingly cashless society, these companies can shape consumer financial habits and transform the financial ecosystem. The data reflects this positive sentiment with the fintech market expected to grow to <a href="https://www.fintechfutures.com/techwire/fintech-market-size-projected-to-grow-to-882-billion-by-2030-as-advanced-technologies-services-expand/">$882 billion by 2030.</a>&nbsp;



This means investors willing to weather the short-term headwinds have the opportunity to capitalize on the long-term gains. As such, companies with high growth potential trading near 52-week lows offer a great entry point.&nbsp;



<h2>DigiAsia (FAAS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/fintech-300x169.jpg" alt="Light bulb on tablet and Stock graph and business technology icon with abstract electronic circuit background. best fintech stocks to buy. Top Fintech Stocks to Buy"><div>Source: Shutterstock</div></div>DigiAsia (NASDAQ:<a href="https://investorplace.com/stock-quotes/faas-stock-quote/">FAAS</a>) is a fintech-as-a-service (FaaS) platform that offers a range of financial solutions. These include digital wallets, supply chain payments and a banking-as-a-service (BaaS) platform. The company&rsquo;s premise is to support the financial needs of its partners with low-cost mass-market products.



Its shares may be trading lower but its strong market position offers tremendous growth potential. Since its inception, the company has forged several strategic partnerships to drive its expansion. Some of its notable partners include Mastercard (NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>) in Jakarta, Western Union (NYSE:<a href="https://investorplace.com/stock-quotes/wu-stock-quote/">WU</a>) and Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>). DigiAsia also signed a deal with DBS Bank (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dbsdy-stock-quote/">DBSDY</a>), the largest bank in South East Asia to disburse merchant loans through its platform.&nbsp;



In more recent news, the company <a href="https://finance.yahoo.com/news/digiasia-corp-advances-ai-solutions-200500937.html">secured the allocation</a> of an initial shipment of 5,120 Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) H200 GPUs. As part of the deal, DigiAsia will be responsible for deploying and developing advanced AI solutions in Southeast Asia, the Middle East and India. The partnership will help enhance the efficiency of DigiAsia&rsquo;s infrastructure while capitalizing on a $300 billion financial services market.&nbsp;



With an exciting deal in the pipeline and shares hovering at the 52-week low, FAASstands out as one of the best fintech stocks to buy. The company provides investors with the perfect blend of valuation, innovation and stability in the fintech sector.



<h2>DLocal (DLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/08/dlo1600-300x169.png" alt="Mobile phone with webpage of Uruguayan payment company dLocal Limited (DLO) on screen in front of logo Focus on top-left of phone display"><div>Source: Wirestock Creators / Shutterstock.com</div></div>DLocal (NASDAQ:<a href="https://investorplace.com/stock-quotes/dlo-stock-quote/">DLO</a>) is a fintech play that certainly deserves more attention. The Latin American-based fintech platform serves as a bridge between global businesses and emerging markets. Through the help of dLocal&rsquo;s cross-border payments platform, businesses can transact in countries with their own payment ecosystems. The platform provides access to 40 markets across Latin America, South East Asia and Africa.&nbsp;



Fundamentally speaking, dLocal remains a solid play. In its recent earnings, the company posted <a href="https://dlocal.gcs-web.com/news-releases/news-release-details/dlocal-reports-2024-first-quarter-financial-results">revenue at $184 million,</a> up 34% year-over-year (YoY). This was fueled by a 49% rise in total payment volumes (TPV). The TPV growth certainly speaks to the company&rsquo;s ability to remain competitive and provide value through its solutions. However, shares dived following earnings on <a href="https://www.benzinga.com/news/earnings/24/05/38849832/why-dlocal-stock-is-plunging-wednesday">weaker-than-expected results.</a>&nbsp;



Nevertheless, DLO stock remains an appealing buy for several reasons. One, the company&rsquo;s solution makes it significantly easier for global businesses to sell in emerging markets. Second, it has established a presence amongst high-profile customers including Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) and Shopify (NYSE:<a href="https://investorplace.com/stock-quotes/shop-stock-quote/">SHOP</a>). Third, DLO stock is down 54% this year and trading near its 52-week low. This makes it one of the best fintech stocks to buy for bargain-hunting investors seeking long-term returns.&nbsp;



<h2>SoFi Technologies (SOFI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/sofi1600-1-300x169.png" alt="SoFi Technologies, Inc logo with stock market chart background. is an American online personal finance company and online bank."><div>Source: Poetra.RH / Shutterstock.com</div></div>Despite a steep drop in its price,, SoFi Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/">SOFI</a>) remains an attractive option for investors seeking a high-growth name. The digital banking platform boasts a loyal customer base with its easy-to-use app that caters to a young audience. This enabled SoFi to scale its business and generate attractive returns. The numbers reflect its success story.



In the first quarter, <a href="https://s27.q4cdn.com/749715820/files/doc_financials/2024/q1/Q1-2024-Earnings-Release-6.pdf">revenue was up $581 million,</a> a 26% increase YoY. This was fueled by a 54% rise in tech platforms and financial services revenue. Adjusted EBITDA was up 91%, while new member additions grew 44% from the prior year. Additionally, the number of products used by its customers also grew by 38% to 11.8 million. And while the numbers are certainly impressive, SOFI stock plunged on a <a href="https://www.fool.com/investing/2024/04/29/why-sofi-technologies-stock-dropped-10-on-earnings/">weak second-quarter outlook.</a>&nbsp;



While slowing growth levels are certainly a red flag, SoFi&rsquo;s long-term prospects remain strong. The company&rsquo;s diversified business and innovative technology provide a steady runway for growth. Moreover, the stock is attractively priced and hit its 52-week low earlier this month.



Investors willing to weather the short-term headwinds for long-term gains will find SOFI one of the top fintech stocks to buy this month.&nbsp;



On the date of publication, Divya Premkumar&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor held a LONG position in SBUX.
<div>Divya has a background in finance and accounting and has worked in FP&amp;A roles at Fortune 500 companies. She is an avid reader and enjoys writing on a variety of topics including stocks, crypto, blockchain and global policy.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-fintech-stocks-to-buy-at-52-week-lows-in-july/">3 Fintech Stocks to Buy at 52-Week Lows in July</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Fintech Stocks to Buy at 52-Week Lows in July

DigiAsia (FAAS) has released an update. DigiAsia has entered into an amendment agreement with Greenhaven Road Capital Fund affecting the terms of a...

DigiAsia Amends Note Terms with Greenhaven

DigiAsia (FAAS) has released an update. DigiAsia, Indonesia's leading Fintech-as-a-Service provider, plans to catalyze enterprise growth with its c...

DigiAsia's Strategic Expansion in Southeast Asia's Fintech

PayMate looks to buy DigiAsia's unit

PayMate looks to buy DigiAsia

AMZN

BCAN

CXAI

DBSDY

FAAS

LIDR

MINM

MSFT

NVDA

RYDE

SBUX

SHOP

SOFI

SYTA

TROO

WDAY

Press Releases

DigiAsia Corp. Announces Execution of Definitive Agreements for a Convertible Note Financing with Helena Partners

Financing

General

DIGIASIA Corp Advances into AI Solutions for Financial Services, Telecom, and Government Sectors with NVIDIA GPU Allocation

DigiAsia Corp. Announces Completion of Convertible Note Financing with Helena Partners and Extinguishes Outstanding Debt

DigiAsia Corp. Announces YoY Transaction Volume Growth of 74% Keeping with its Strong Growth Trajectory

DigiAsia Corp. Forms AI Focused Strategic Advisory Board and Appoints Gulzar Azad as a Strategic Advisor

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DigiAsia Corp. and Jalin, Indonesia's Largest ATM Network Servicer, Announce Strategic Collaboration

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