I mean, I'm not interested in that.[laughs]. I know what I don't know. Prior to an IPO, a company is “private,” which means that shares of stock are not available for sale to the general public. Bitcoin hit over $40,000 dollars a coin last week, and has since pulled back a little bit. Moser: Yeah, I agree. Upstart is a personal lender, that's pretty much what business they're involved in right now. That's pretty impressive. Their lack of loyalty to a specific financial brand—which differs from their parents’ and grandparents’ generations—points to the possibility that millennials mostly see major banks as interchangeable and are looking for specific ways banks can help them. That's a big cost of capital advantage for a lender. Listen, man, I appreciate you taking the time to jump on as always. From DraftKings was a big one last year, Nikola was a SPAC IPO, Opendoor was a very recent SPAC IPO. This is his fifth SPAC. Call Pre IPO Market Place To Learn About Buying & Selling Pro IPO Stocks (646) 941-8820. Moser: Well, definitely one will enjoy following and covering here on the show for sure it's right up our alley. Then there's a sixth one, IPOF, which is the largest one so far. It feels like this is a good management story too. I actually mined about 12 coins in total back in the 2012-2013 time frame. For Matt Frankel, I'm Jason Moser. A powerful ecosystem of innovators and … It was a little better as listeners probably know. A high-level overview of Social Finance (SOFI) stock. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and more. Frankel: My savings account is a stored value because its value doesn't fluctuate. Stock Advisor launched in February of 2002. But as you mentioned, that can be a real source of capital, which is their business. Frankel: I understand the concept. It's essentially a payment processing business with about 50 million accounts. One is that it's scarce. The thing that really stood out to me about that 600,000 statistic, 70% of the loans they close are fully automated, meaning that they'd have no labor costs involved in starting, and they just start by the algorithms that the company has developed since they were founded in 2012, so it's a pretty impressive company. Is this the beginning of a new trend? JUST is a Pre IPO food company Non GMO disrupting the food industry. BEFORE VIEWING ITS CONTENTS YOU MUST SELF-CERTIFY YOURSELF AS AN ACCREDITED INVESTOR. Companies like LevelX are competing with Robinhood to offer the same thing only better, more fair, and faster. I think you make a lot of good points there and I'm sure there are folks out there who would take the other side of the coin, so to speak. IPOE, Social Capital Hedosophia V is the official name for it, but just call it an IPOE, let's keep it simple, they raised about $800 million and the various other investors are contributing another $1.2 billion to acquire SoFi, which is an online financial business. They were founded by former Google [Alphabet] people, if that helps. The Company primarily caters to early-stage professionals and offers variable, fixed rate … They just paid $1.2 billion to acquire it. I did go through the process of getting some small business administration loans done for folks who were self employed, 15 years ago, maybe even more. In this week's Industry Focus: Financials, Fool.com contributor Matt Frankel, CFP, and host Jason Moser discuss what Upstart does and why investors are so excited. It's not a surprise that the shares of the stock took off after this announcement. But one that I think a lot of folks were excited to see go public, because it's another one of those companies that's really helping reshape the space of finance, and in particular lending. Not only that, I checked right before we came on here, there are 4,308 different cryptocurrencies that are officially recognized right now. Sign up today to learn more about SoFi stock. I appreciate you digging into Upstart and teaching us a little bit more about that business. Frankel: That's a big motivation. So what gives – why would anyone use SoFi instead of Goldman’s Socks? Moser: Yeah. Man, all due respect. We're going to take a look at what's in store for banks here, as earnings are set to begin on Friday, and a little bit more. The growth of Robinhood has been a testament to this trend: Stock trading app Robinhood has revealed recently surpassed the 13 million active users mark. At the present moment, it is possible to invest in SoFi for as little as $25,000 if you are accredited. Moser: Just a reminder for all of our bitcoin bull listeners, you can reach Matt on Twitter @TMFMathGuy. They have a robo-advisor, there's an insurance division that partners with other insurance companies to offer products to their members. Personal-lending technology company Upstart (NASDAQ:UPST) went public a month ago, and its stock has nearly doubled since. They take many factors – including your level of interest – into consideration before setting an IPO (or Pre-IPO) … 2,300 different retailers. How do they make their money? Many are okay with a branchless, fully digital financial partner like SoFi, and would consider putting their money into non-financial service companies they already use regularly, such as Square or PayPal. While many have never heard of Social Finance or SoFi, it’s valued at $8 Billion USD which puts it not exactly at the bottom of the list. No. Finance that “an IPO … EquityZen is a marketplace for shares of proven pre IPO tech companies. 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Upstart as a personal lender, unlike most of these Fintechs, their main premise is that traditional banks either are not convenient enough, or just don't serve the population well enough, and they aim to solve that problem. SoFi, including $2.4 billion of new capital, is about $8.65 billion. Okay, so let me give you one statistic. Let's go ahead and start through with Upstart. Frankel: To be fair, I'm usually more excited about a founder owned business years after its IPO. Maybe it is. It's an interesting business model. Frankel: They use things like that. This is why people, I think it was Venezuela that had a hyperinflation if I'm not mistaken. But what they have done is created a branding for Millenials that works, powered by PR and stats: LevelX also offers Pre IPO investing for accredited investors in companies like SoFi. I mentioned that Upstart has done a little over 600,000 loans in its history, SoFi has 1.8 million members and all of these other products. At the same time, it's trading for about 20 times sales. But I still don't see the benefit to converting my U.S. dollars to bitcoin to be able to use them on PayPal when I can just take my U.S. dollars and use them on PayPal. We at Iron Edge VC are very proud to have pre-IPO access to SoFi shares. They have 1.8 million members. The fourth one, IPOD, is still looking for its acquisition target, and that's in the market right now. Market data powered by FactSet and Web Financial Group. Click HERE to find out ⭐ Pre-IPO Shares of Impossible Foods Available at Manhattan Street Capital. That could be a big part of the story, just the increased technology umbrella that they have. You can still buy that one pre-deal. Frankel: [laughs] Most of the big tech companies that have gone public recently, are founder-led. Focusing on what I do. You just go into the bank, you get your loan, and then that's that. Jason Moser: It's Monday, Jan. 11. A lot of other lenders, SoFi, which we're about to talk about in a few minutes, follows a non-traditional lending model, but also wants to pursue generally high credit borrowers. [laughs] Well, Matt, before we wrap things up here, we normally like to wrap our shows up with ones to watch for our listeners. There's data there that shows more and more consumers, particularly even younger consumers, really are trusting of a lot of these tech companies that partner with financial service providers in order to ultimately get done whatever they need to get done. If you can make your own loans and not go through an intermediary, that's one less person you have to pay, so it can save money. What does Upstart do? It probably deserves its own hour. That's something they have to upkeep, obviously, that comes with responsibilities, and regulations, and ratios, and requirements. Western Union's been doing it for over 100 years. It seems like there isn’t anything you can’t get at SoFi. Beyond that, SoFi is building a stadium in the hood, you know, Inglewood, where Dr. Dre is from. So far, like you said, 75% reduction in loss ratios, it looks like it's working so far so that [laughs] technology is really that good. Another company that we talked about on this show before, and a firm, I think John Maxfield and I did show a little while back when we went through a firm's S-1, and there was just an interesting data point in there that really spoke to how consumers view the state of finance today. SoFi is a lot more than a personal lender at this point. Moser: Well, I mean, I've got thoughts too, but I'm going to go ahead and let you start. Then it will be interesting to see how the Robinhood traders ebb and flow the market cap of their own trading platform, in real time. SoFi will go public via a SPAC … The company right now has just under a $4 billion market cap. 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