SoFi Technologies, Inc., a digital personal finance company, has been recognized on CNBC's World’s Top Fintech Companies 2023 list. This recognition is a result of collaboration between CNBC and Statista Inc., known for industry rankings and statistics.
Anthony Noto, CEO of SoFi, expressed his satisfaction with the recognition: “We’re thrilled to be featured on CNBC’s first list of World’s Top Fintech Companies, highlighting our continued growth and commitment to helping our members get their money right by giving them the tools to spend better, save better, invest better, and protect better.”
SoFi was acknowledged in the Neobanking category. The company's national bank license obtained in 2022 has allowed it to adapt swiftly in a changing environment while diversifying its funding sources. Following this development, SoFi launched Checking and Savings accounts offering competitive annual percentage yields (APY), including up to 4.50% on savings balances for members with direct deposit.
The company has seen significant growth with more than 6.2 million members by mid-2023 and a year-over-year increase of over 44% in membership.
CNBC and Statista's awards cover nine market segments based on key performance indicators derived from publicly available data from over 1,500 companies and applications submitted by more than 100 companies.
SoFi provides various financial services through its app aimed at helping users manage their finances effectively. Its offerings include lending services, checking and savings accounts, investment options, credit cards, insurance products, and technology platforms.