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SoFi
 | |
| Company type | Public |
|---|---|
| |
| ISIN | US83406F1021 |
| Industry | |
| Founded | August 2011 |
| Founders |
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| Headquarters | San Francisco, California, U.S. |
Area served |
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Key people |
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| Products | List of products
|
| Services | List of services
|
| Revenue |  US$2.67 billion (2024) |
| US$499 million (2024) | |
| Total assets | US$36.25 billion (2024) |
| Total equity | US$6.53 billion (2024) |
| Members |
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Number of employees | c. 4,400 (2023) |
| Divisions |
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| Subsidiaries | List of subsidiaries
|
| Website | sofi |
| Footnotes / references [1][2] | |
SoFi Technologies, Inc. (abbreviated as SoFi) is an American personal finance and financial technology company.[3] Founded in 2011 at Stanford University,[4][5] it operates as a direct bank and supports other financial institutions through its technology platform.[6][7][8] As of 2024, SoFi reports 10.1 million customers and 168 million platform accounts.[9]
In its early years, SoFi focused on providing student loans, using data science to assess risk and offer borrowers lower interest rates.[10] Over time, the company expanded its offerings to include mortgages, personal loans, auto loans, credit cards, stock investing, insurance, estate planning and bank accounts, ultimately obtaining a U.S. bank charter.[6][11] SoFi also made acquisitions and began supporting other financial institutions through its technology platform in this period.[7][8]
- ^ "SoFi Technologies, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 27 February 2024.
- ^ "SoFi Technologies, Inc. Form 10-Q for the quarter ending June 30, 2024". U.S. Securities and Exchange Commission. 6 August 2024.
- ^ Gravier, Elizabeth (2024-04-05). "SoFi Invest review: Trade stocks, ETFs, buy fractional shares and participate in IPOs". CNBC. Retrieved 2024-08-18.
- ^ Andriotis, AnnaMaria (2014-10-07). "Peer-to-Peer Lender SoFi to File for IPO". The Wall Street Journal. Retrieved 2024-10-23.
- ^ Kadlec, Dan (2012-04-02). "Student Loans: For a Great Deal, Borrow from Alumni". Time. ISSN 0040-781X. Retrieved 2024-10-23.
- ^ a b Snyder, Kristy (2024-08-31). "SoFi review: earn up to 4.60% APY on free savings accounts". Fortune. Retrieved 2024-08-31.
- ^ a b Shen, Lucinda (2024-06-30). "SoFi shifts its revenue mix". Axios.com. Retrieved 2024-08-31.
- ^ a b Cite error: The named reference
:18was invoked but never defined (see the help page). - ^ SoFi Technologies, Inc. (2025-01-27). "SoFi Technologies Reports Net Revenue of $734 Million and Net Income of $332 Million for Q4 2024, Demonstrating Durable Growth and Strong Returns". Financial Times. Retrieved 2025-01-29.
- ^ 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.
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