SoFi

SoFi Technologies, Inc.
Company type	Public
Traded as	Nasdaq: SOFI; Russell 1000 component;
ISIN	US83406F1021
Industry	Personal finance; Software; Banking;
Founded	August 2011
Founders	Mike Cagney; Dan Macklin; James Finnigan; Ian Brady;
Headquarters	San Francisco, California, U.S.
Key people	Anthony Noto (CEO)
Products	Student loans; Home loans; Personal loans; Credit cards; Checking & Savings;
Services	Stockbroking; Wealth management; Mobile & Online Banking; Automated Investing;
Revenue	US$2.12 billion (2023)
Net income	−US$301 million (2023)
Total assets	US$30.1 billion (2023)
Total equity	US$5.23 billion (2023)
Number of employees	c. 4,400 (December 2023)
Website	sofi.com
	Footnotes / references;

SoFi Technologies, Inc. (commonly known as SoFi) is an American personal finance and fintech company founded at Stanford University in 2011.^[3]^[4] It offers loans, credit cards, investing, insurance and banking products, while also serving financial institutions via its tech platform. SoFi reports 8.8M clients and 158M platform accounts as of 2024.^[5]^[6]

Initially, SoFi focused on providing student loans, using data science to assess risk and offer borrowers lower interest rates.^[7] Over time, the company expanded its offerings to include mortgages, personal loans, stock trading services, ETFs, insurance, and banking, ultimately obtaining a U.S. bank charter.^[8] SoFi also began supporting other financial institutions with its technology platform during this period.^[9]^[10] The company’s personal loans have been well-received and have been cited to offer "larger loan amounts than most competitors".^[11]^[12]^[13] SoFi has also gained recognition as a "one-stop shop" for financial services, noted for its "competitive rates" on savings accounts and "free access" to professional financial advisors.^[14]^[15]^[16]

^ "SoFi Technologies, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 27 February 2024.
^ "SoFi Technologies, Inc. 2022 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. 23 May 2022.
^ Gravier, Elizabeth (2024-04-05). "SoFi Invest review: Trade stocks, ETFs, buy fractional shares and participate in IPOs". cnbc.com. Retrieved 2024-08-18.
^ Cohan, Peter (2012-04-02). "SoFi's New Take on $1 Trillion Student Loan Market". Forbes. Retrieved 2024-08-20.
^ PYMNTS (2024-07-30). "SoFi Wants Tech Platform to Be AWS of Financial Services". PYMNTS.com. Retrieved 2024-08-15.
^ "SoFi Technologies Reports Net Revenue of $599 Million and Net Income of $17 Million for Q2 2024, Marking Third Consecutive Quarter of GAAP Profitability – Company Announcement - FT.com". markets.ft.com. Retrieved 2024-08-16.
^ Lashinsky, Adam. "How SoFi Is Beating Banks At Lending". Fortune. Retrieved 2024-08-19.
^ Hamilton, Jesse (2022-01-19). "SoFi Rises After Regulator Approves U.S. Bank Charter". www.bloomberg.com. Retrieved 2024-08-20.
^ Cite error: The named reference :2 was invoked but never defined (see the help page).
^ Cite error: The named reference :3 was invoked but never defined (see the help page).
^ Leicht, Angelica (2024-08-26). "Easiest personal loans to get - CBS News". www.cbsnews.com. Retrieved 2024-08-27.
^ Ullrich, Jess (2023-11-01). "Best personal loans of August 2024". USA TODAY Blueprint. Retrieved 2024-08-16.
^ Gobler, Erin; Lowery, Katie; Pentis, Andrew (2024-05-08). "The best online loans in 2024: Financing options that don't require visiting a bank". CNN.
^ Pendola, Rocco (2024-05-31). "The best brokerage accounts in August 2024". CNN. Retrieved 2024-08-15.
^ Gravier, Elizabeth (2024-04-05). "SoFi Invest review: Trade stocks, ETFs, buy fractional shares and participate in IPOs". CNBC.com. Retrieved 2024-08-20.
^ Dehan, Andrew; Panzer, Maddie (2024-01-23). "SoFi mortgage review: Low-down-payment options for first-time and repeat homebuyers". USA TODAY. Retrieved 2024-08-20.

[1] "SoFi Technologies, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 27 February 2024.

[2] "SoFi Technologies, Inc. 2022 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. 23 May 2022.

[:9-3] Gravier, Elizabeth (2024-04-05). "SoFi Invest review: Trade stocks, ETFs, buy fractional shares and participate in IPOs". cnbc.com. Retrieved 2024-08-18.

[:11-4] Cohan, Peter (2012-04-02). "SoFi's New Take on $1 Trillion Student Loan Market". Forbes. Retrieved 2024-08-20.

[:4-5] PYMNTS (2024-07-30). "SoFi Wants Tech Platform to Be AWS of Financial Services". PYMNTS.com. Retrieved 2024-08-15.

[:5-6] "SoFi Technologies Reports Net Revenue of $599 Million and Net Income of $17 Million for Q2 2024, Marking Third Consecutive Quarter of GAAP Profitability – Company Announcement - FT.com". markets.ft.com. Retrieved 2024-08-16.

[:10-7] Lashinsky, Adam. "How SoFi Is Beating Banks At Lending". Fortune. Retrieved 2024-08-19.

[:12-8] Hamilton, Jesse (2022-01-19). "SoFi Rises After Regulator Approves U.S. Bank Charter". www.bloomberg.com. Retrieved 2024-08-20.

[:2-9] Cite error: The named reference :2 was invoked but never defined (see the help page).

[:3-10] Cite error: The named reference :3 was invoked but never defined (see the help page).

[:15-11] Leicht, Angelica (2024-08-26). "Easiest personal loans to get - CBS News". www.cbsnews.com. Retrieved 2024-08-27.

[:6-12] Ullrich, Jess (2023-11-01). "Best personal loans of August 2024". USA TODAY Blueprint. Retrieved 2024-08-16.

[:0-13] Gobler, Erin; Lowery, Katie; Pentis, Andrew (2024-05-08). "The best online loans in 2024: Financing options that don't require visiting a bank". CNN.

[:1-14] Pendola, Rocco (2024-05-31). "The best brokerage accounts in August 2024". CNN. Retrieved 2024-08-15.

[:13-15] Gravier, Elizabeth (2024-04-05). "SoFi Invest review: Trade stocks, ETFs, buy fractional shares and participate in IPOs". CNBC.com. Retrieved 2024-08-20.

[:14-16] Dehan, Andrew; Panzer, Maddie (2024-01-23). "SoFi mortgage review: Low-down-payment options for first-time and repeat homebuyers". USA TODAY. Retrieved 2024-08-20.

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