SoFi provides a variety of financial services aimed at helping individuals manage their money effectively. Their offerings include home loans, personal loans, student loan refinancing, credit cards, and investment options. SoFi's platform is designed to be user-friendly and mobile-first, allowing members to easily access and utilize these services. The company differentiates itself from competitors by offering a comprehensive suite of financial products under one roof, along with educational resources to assist users in making informed financial decisions. SoFi's goal is to create a seamless experience for its members, encouraging them to engage with multiple services while fostering an inclusive environment.

Lakestar

Baseline Ventures

Ron Suber

Innovation Endeavors

RPM Ventures

DCM Ventures

Renren

East West Bank

The Bancorp

Morgan Stanley

Group 11

Wicklow Capital

Thomvest Ventures

Discovery Capital

Peter Thiel

QED Investors

Marco Rossi

Third Point Ventures

SharesPost

Wellington Management

Wayne Chang

Jeff Seibert

SoftBank

Silver Lake Partners

RSC Capital

Notable Capital

Qatar Investment Authority

Social Capital Hedosophia V

Fortress Investment Group

Fintech

Financial Services

SoFi

The last few trading days bridged two separate years for the FinTech IPO Index, as the last calendar page turned on 2024. And as Thursday’s trading wrapped up, ushering in the first volatile day in the markets for 2025, the overall markets got off to a shaky start — and most names in our Index, too, were lower. Call it a bit of profit taking, perhaps; none too far-fetched an idea given that fact that through the last year, the FinTech IPO Index was up by roughly 58%

2025 Debuts With A Platform Plunge As Fintech Ipo Index Slides 3.6%

San Francisco-headquartered SoFi Technologies signaled Monday it would soon dive back into crypto following expectations the SEC would begin to clarify crypto rules under its new leadership. While the firm once offered its customers the ability to trade 20 digital assets in the U.S.—including Bitcoin, Ethereum, and Dogecoin—the company called it quits in 2023, winding the service down after “careful consideration,” according to a statement at the time.The company’s return will hinge on the regulatory clarity brought about under President Donald Trump’s administration, SoFi CEO Anthony Noto said during a Monday earnings call.“We hope the administration and the regulators come up with clarity on what the outlook will be,” he said. “We will move as aggressively as anyone else once that is determined.”SoFi’s crypto services could look vastly different for its 10 million customers than before, Noto said. Depending on how the regulatory picture shakes out, he said everything from digital asset custody to clearing and asset-backed lending—a program that Coinbase restarted this month—may be on the table.“As the regulation changes, we will be incredibly aggressively tied to crypto and be in as many businesses that we can be across the entire platform,” he said. As a financial services company, SoFi offers customers various products, from student loans to debit cards. Bolstering its investment platform with crypto in 2019, the move mirrored Silicon Valley startups like Robinhood that were also expanding into the space.Noto’s declaration comes not long after SEC's acting chairman, Mark Uyeda, said that the agency could “do better.” Last week, the Commission unveiled a task force to regulate crypto without reliance on enforcement actions, mirroring one of Trump’s campaign promises.Following the collapse of FTX in 2022, the SEC engaged in what advocates described as a regulatory onslaught. After Robinhood received an enforcement threat from the SEC, Vlad Tenev decried the SEC’s approach to the crypto space last year as an “improper attempt by the administrative state to stifle innovation.” SoFi has tried to differentiate its investment services by making its platform a “one-stop shop,” and customers signaled in 2018 that crypto fits with that strategy, Noto said.While SoFi shuttered its crypto services in 2023, the company has expanded its investment offerings elsewhere. ​​SoFi launched its alternative investment platform in early 2024, allowing customers to access assets like the Japanese yen and gold.In 2023, most of SoFi’s customers were given less than a month’s notice before their crypto funds were liquidated and deposited into their brokerage accounts

Sofi Ceo Details 'Aggressive' Crypto Return Under President Trump

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest

SoFi and PGIM Fixed Income Announce $525 Million Securitization Agreement, Signaling Continued Demand for Personal Loans

Earnings season is barely a week old. While the headlines have centered on big banks, Wall Street trading and credit card spending, the deluge of quarterly reports has yet to be seen from the digital upstarts populating the FinTech IPO Index.We’ll get there for sure. But in the meantime, in the past week, the prime movers of the FinTech IPO Index’s 3.7% surge came through the platforms, where partnerships and new products represented a broadening of the features and services offered to individuals and to businesses.That’s not to say that all platforms rose in lockstep. Futu shares sank 16.3%.The company said this week that it had launched its ETF-based intelligent robo-advisory services, a new feature designed to deliver personalized investment solutions tailored to clients’ risk appetites and investment preferences.The company said it is working with BlackRock to offer Target Allocation ETF Model Portfolios powered by BlackRock strategies and insights.Several Platforms Gain GroundOther platforms’ surges more than tipped the balance of the index’s momentum to the upside.As reported by PYMNTS, Paymentus — which saw its stock roar ahead by 24.3% — has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator added to the Guidewire ClaimCenter, and is designed to help insurers rapidly weave instant digital disbursement capabilities into their claims management processes.The accelerator, the release said, lets policyholders get payouts in the way they wish, including payments to digital wallets, credit or debit cards, ACH transfers or via check.Upstart’s stock gained 20.5%.In an annoucement late last week, the company detailed a programmatic purchase commitment from funds managed by Blue Owl Capital. Blue Owl’s Alternative Credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months

Fintech Ipo Gains 3.7% As Upstart And Paymentus Lead Platforms Higher

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that empowers members to borrow, save, spend, invest, and protect their money, has announced its adoption of Galileo's modern, cloud-based Cyberbank Core to power a range of payment services to commercial clients, including debit, prepaid, ACH and wire transactions, and associated banking services.

SoFi Technologies to Adopt Galileo's Cyberbank Core for New Commercial Payment Services Sponsor Banking Program

Life insurance provider. Ethos Life <i class="fa fa-info-circle company-popover" data-content="h3Ethos Life/h3. div

Matt Fowler Joins Ethos

Understanding the hidden factors that impact long-term savings is crucial when building a secure financial future. Many people focus solely on setting aside a portion of their monthly income, but there’s much more to it. It’s not just about how much you save but how you manage those savings over time. By recognizing the less obvious elements that can either grow or hinder your savings, you can make more strategic choices and get closer to your financial goals.The Impact of Inflation on SavingsOne crucial consideration is inflation. While often seen as an abstract economic term, inflation directly affects the purchasing power of your savings. When inflation rises, it reduces the value of money over time

From Interest Rates To Inflation: Key Factors Influencing Savings

The FinTech IPO Index’s momentum through the past week was carried by a slew of company-specific announcements and partnerships. Earnings season has yet to officially make a splash in the group, though Sezzle’s pre-announcement was a notable exception. The overall Index was up 1.3%. Katapult and SoFi Lead the Pack. Katapult continued to surge, adding 22% through the past five sessions, continuing a streak underpinned by the announcement of strong fourth-quarter originations

Fintech Ipo Index Gains 1.3% As Katapult And Sofi Lead Platforms Higher

Company Hosts Awards Live for First TimeSCOTTSDALE, Ariz., Dec. 31, 2024 /PRNewswire/ -- Cornerstone Advisors, a leading management and technology consultancy for banks, credit unions and fintech firms, has announced its 24th Annual GonzoBanker Awards, the company's iconic tribute to notable people, companies, technologies and deals in the banking and fintech industries.According to Steve Williams, Cornerstone CEO, banks and credit unions demonstrated remarkable performance this year in the face of accelerating complexity on many fronts, not the least of which was a difficult economic environment. "We salute the 'troublemakers' in the industry who balanced fundamental and complex challenges while continuing to improve customers' financial lives," said Williams.Award categories included the Smarter Banks Awards, designed to celebrate extraordinary financial institutions that have modernized their businesses and grown in focused and strategic ways. These included:The Smarter Bank Hyper-Efficient Award , recognizing groundbreaking efficiency driven by digital self-service, process automation and artificial intelligence, went to Space Coast Credit Union in Melbourne, Fla. Under the leadership of CEO Tim Antonition , the credit union has demonstrated how leaning into new approaches to efficiency can yield a 2.5% non-interest expense/asset ratio in a full-service community credit union.digital self-service, process automation and artificial intelligence, went to Space Coast Credit Union in Under the leadership of CEO , the credit union has demonstrated how leaning into new approaches to efficiency can yield a 2.5% non-interest expense/asset ratio in a full-service community credit union. The Smarter Bank Differentiated Award , recognizing institutions that forge distinct competitive positions and segmented brands, went to CEO Ken Vecchione and the team at Western Alliance Bancorporation

Cornerstone Advisors Announces 2024 Gonzobanker Award Winners

Mesh Payments has selected SoFi Bank as its sponsor bank and continues to partner with SoFi Technologies-owned Galileo Financial Technologies as its longtime payments processor. This partnership integrates Mesh Payments’ expense and card infrastructure with SoFi Bank’s financial framework and Galileo’s customizable API-based payments processing platform, the companies said in a Thursday (Dec. 12) press release. The combination of these capabilities will allow Mesh Payments to streamline enterprise expense management, reduce inefficiencies and accelerate its delivery of innovative solutions to its clients, according to the release

Expense Management Firm Mesh Payments Selects Sofi As Sponsor Bank

Debt. It’s a word that can send shivers down anyone’s spine, but let’s face it, it’s a part of life for most people. Whether it’s student loans, credit cards, or mortgages, managing debt is something we all need to master. The good news? The rules of debt management have evolved, and 2025 brings some fresh strategies to help you stay ahead. So, grab a cup of coffee, and let’s dive into the new playbook for keeping your finances on track.The Changing Debt Landscape in 2025: What’s New?First things first, what’s different about debt in 2025? A lot, actually. Economic shifts, rising interest rates, and a booming fintech industry are shaking things up

The New Rules Of Debt Management Everyone Should Know In 2025

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it now serves more than 10 million members across its suite of products and services. In 2024 to-date, total members increased by nearly 2.5 million. The company’s member base has grown more than 9x in less than five years.SoFi’s 10 million members have made meaningful strides on their path to financial independence. Through September 30, 2024 they have collectively earned 12.5 billion rewards points, paid down $33 billion in credit card debt, borrowed $117 billion to fund their ambitions – including $44 billion in refinanced student loans and $9 billion in funded home loans – and earned more than $1 billion in interest on savings.“Hitting the 10 million member mark is more than just a number,” said Anthony Noto, CEO of SoFi. “This milestone represents the tangible ways we’ve helped our members get their money right on their path to financial independence – whether that’s paying down debt, buying their first home, or making investments for the future

Sofi Hits 10 Million Members

B2B payments are no longer just about moving money — they’re about unlocking new financial infrastructure possibilities for businesses worldwide. Today’s innovations in financial infrastructure are transforming how businesses operate, compete and grow. From embedded finance to real-time treasury technology, companies must prioritize adaptability and simplicity to thrive in today’s B2B landscape. Businesses are increasingly finding that outdated finance and payments systems, once tolerated as a necessary burden, are no longer sufficient. Instead, they are turning to advanced tools and technologies that promise to eliminate inefficiencies, reduce costs and enhance their ability to adapt to market changes

This Week In B2B: Financial Infrastructure Innovation Gets Its Due

Offers diverse personal finance solutions

SoFi

Offers diverse personal finance solutions

SoFi

Offers diverse personal finance solutions

About

Simplify's Take

What believers are saying

What critics are saying

What makes SoFi unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

SoFi is Hiring for 0 Jobs on Simplify!