SoFi Technologies, Inc. has announced a partnership with the Country Music Association, becoming the official bank and the first presenting sponsor of the CMA Fest.
SoFi Technologies, Inc. has announced the completion of a $697.6 million securitization involving personal loans originated by SoFi Bank, N.A. This marks the first securitization of new collateral in SoFi’s Consumer Loan Program since 2021 and...
SoFi Technologies, Inc. and PGIM Fixed Income have announced a $525 million securitization agreement for personal loans, closed in the fourth quarter of 2024.
SoFi Technologies, Inc. has announced the adoption of Galileo's Cyberbank Core to enhance its commercial payment services. This new development will support a range of payment services for commercial clients, including debit, prepaid, ACH and wire transactions. The integration is expected to be completed by November 2024.
SoFi has announced a partnership with Venus Williams and Cameron Brink to launch the "Give Her Credit" campaign, celebrating the 50th anniversary of the Equal Credit Opportunity Act (ECOA). This initiative aims to support women's financial independence by awarding $500,000 to 50 individuals. Each recipient will receive $10,000 to advance projects that promote financial autonomy for women.
SoFi Technologies, Inc. has announced a significant expansion of its loan platform business through a $2 billion agreement with Fortress Investment Group LLC. This deal is aimed at enhancing SoFi's capabilities in referring pre-qualified borrowers to loan origination partners and originating loans on behalf of third parties.
SoFi Technologies, Inc. has announced the introduction of two new credit cards: the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card. This expansion is part of SoFi's strategy to meet a variety of consumer credit needs and enhance its financial services portfolio.
SoFi Technologies, Inc. and PrimaryBid Technologies Inc. have introduced DSP2.0, a Directed Share Platform aimed at modernizing equity program management for companies seeking to raise capital in the U.S. The platform is designed to streamline processes that have traditionally been manual and costly.
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...
The National Basketball Association (NBA) and SoFi have announced a multi-year partnership, designating SoFi as the official banking partner of the NBA, NBA G League, NBA 2K League, and USA Basketball. As part of this agreement, SoFi will also be the official entitlement partner of the SoFi NBA Play-In Tournament.