SoFi Technologies Reports Net Revenue of $599 Million and Net Income of $17 Million for Q2 2024, Marking Third Consecutive Quarter of GAAP Profitability

SoFi Technologies, Inc. (NASDAQ: SOFI) has announced the appointment of Stephen Simcock as its new general counsel. Simcock, who brings over three decades of experience in the legal field within major financial institutions, will take over from Rob Lavet, SoFi’s retiring chief legal officer.

SoFi Technologies, Inc. (NASDAQ: SOFI), a provider of digital financial services, announced the placement of a $350 million personal loan securitization with funds and accounts managed by PGIM Fixed Income, a Prudential Financial (NYSE: PRU) company.

SoFi Technologies, Inc. has announced its financial results for the first quarter of 2024, showcasing impressive growth and profitability. The company reported a net revenue of $645 million and a net income of $88 million, marking its second consecutive quarter of GAAP profitability.According to the report, the 54% combined revenue growth in the tech platform and financial services segments drove a 26% growth in total adjusted net revenue. The management team at SoFi also raised the guidance for the fiscal year 2024."SoFi is a member-centric, one-stop shop for digital...