Welcome to our dedicated page for Sofi Technologies news (Ticker: SOFI), a resource for investors and traders seeking the latest updates and insights on Sofi Technologies stock.
SoFi Technologies, Inc. (NASDAQ: SOFI) is frequently in the news as a digital financial services company that describes itself as a one-stop shop for borrowing, saving, spending, investing, and protecting money in a single app. News about SoFi often highlights its product launches, technology initiatives, capital markets activity, and partnerships that expand access to financial services.
On this page, readers can follow coverage of SoFi’s announcements across consumer banking, lending, investing, and crypto. Recent press releases have described the launch of SoFi Crypto, which allows members to buy, sell, and hold cryptocurrencies through SoFi Bank, N.A., and the introduction of SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. News has also covered the SoFi Smart Card, an all-in-one account that combines elements of checking, savings, debit, and credit products, as well as new employee benefits that support early investing for employees’ children.
Investors can also track SoFi’s capital markets updates, including underwritten public offerings of common stock and related use-of-proceeds disclosures, along with Form 8-K items that report quarterly financial results. Other news items highlight SoFi’s role in alternative investments through partnerships such as the Cashmere Fund and its collaboration with Templum to provide access to private company investment opportunities.
By reviewing the news feed for SOFI, users can see how SoFi communicates about its mission to help people achieve financial independence, its expansion into crypto and stablecoin infrastructure, and the evolution of its technology platform Galileo. Bookmark this page to monitor ongoing developments, product announcements, and regulatory and capital markets disclosures that the company releases through official channels.
SoFi Technologies (NASDAQ: SOFI) has announced a public offering of $1.5 billion of its common stock. The company plans to grant the underwriter, Goldman Sachs, a 30-day option to purchase up to an additional 15% of the offered shares.
The net proceeds from this offering will be used for general corporate purposes, including working capital and business opportunities. The offering will be conducted through an automatic shelf registration statement on Form S-3, with detailed information available in the prospectus supplement and base prospectus.
SoFi Technologies (NASDAQ:SOFI) reported exceptional Q2 2025 results with record-breaking performance across key metrics. The company achieved adjusted net revenue of $858 million (up 44% YoY), net income of $97 million, and adjusted EBITDA of $249 million (up 81% YoY).
Member growth accelerated to 11.7 million (up 34% YoY) with a record 850,000 new members added in Q2. Total products increased to 17.1 million (up 34% YoY). Fee-based revenue reached a record $377.5 million (up 72% YoY), driven by strong performance in the Loan Platform Business.
The company demonstrated strong financial health with improved credit performance, as personal loan charge-off rates decreased to 2.83%. Total deposits grew to $29.5 billion, with nearly 90% coming from direct deposit members. Based on these results, management raised its 2025 guidance.
Paychex (NASDAQ:PAYX) has announced a strategic partnership with SoFi to enhance its Paychex Flex® Perks platform with comprehensive financial wellness solutions. Through this integration, employees of Paychex customers will gain access to SoFi's suite of financial tools and services, including personal loans, student loans, and loan refinancing options.
The partnership addresses critical workforce needs, as research shows financial guidance is essential for long-term financial independence. Since its launch in summer 2024, over 230,000 customer employees have utilized the Paychex Flex Perks marketplace. The platform enables businesses of all sizes to offer enterprise-level benefits through payroll deduction at no cost to employers.
Cashmere (CSHMX) has announced a significant partnership with SoFi to expand access to venture capital investing. The company's flagship fund, The Cashmere Fund, will now be available on SoFi Invest's Alternative Investments platform, accessible to SoFi's 10.9 million members with a minimum investment of just $500.
This marks Cashmere's first distribution partnership with a major national brokerage platform. The fund has made over 35 investments focusing on high-growth sectors including consumer goods, consumer technology, fintech, health technology, and software. Cashmere has also established collaborations with influential investors and founders from sports and entertainment industries to enhance their Compound Influence strategy.
SoFi (NASDAQ:SOFI) has expanded its alternative investment offerings by partnering with Cashmere, Fundrise, and Liberty Street Advisors to provide retail investors access to private market funds. The expansion allows investors to gain exposure to high-growth private companies like OpenAI, SpaceX, and Epic Games with investment minimums starting at $10.
The company, serving over 10.9 million members, has been actively expanding its alternative investment platform over the past year through partnerships with major firms including ARK, KKR, Carlyle, and Franklin Templeton. SoFi has also relaunched its robo-advisor in collaboration with BlackRock and partnered with Templum to offer access to privately held companies through various funds.
SoFi Technologies (NASDAQ: SOFI), a digital financial services platform, has scheduled its Q2 2025 earnings conference call for Tuesday, July 29, 2025, at 8:00 AM ET. The company will release its second quarter 2025 financial results on its investor relations website at approximately 7:00 AM ET the same day.
Interested participants can pre-register for the conference call through a provided link, and an audio-only webcast option will also be available. A replay of the webcast will be accessible after the call on SoFi's Investor Relations webpage.
SoFi (NYSE:SOFI) has announced significant expansion of its digital financial services with new crypto-enabled capabilities. The company will launch two major services later in 2025: self-serve international money transfers and crypto investing features.
The international money transfer service will allow eligible SoFi Money members to send funds to dozens of countries through blockchain networks, offering faster speeds and lower costs compared to traditional services. For crypto investing, members will be able to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum, with plans to expand into stablecoins and additional services.
These developments follow recent OCC interpretive letters that permit nationally chartered banks to provide crypto custody and execution services. As a nationally chartered bank through SoFi Bank, N.A., the company is positioned to bridge traditional financial systems with emerging technology.