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SoFi Technologies, Inc. - SOFI STOCK NEWS

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. (symbol: SOFI) is a forward-thinking financial services company founded in 2011 and headquartered in San Francisco. Initially renowned for its student loan refinancing, SoFi has significantly broadened its product lineup to cater to a wide array of financial needs. Today, SoFi offers personal loans, credit cards, mortgages, investment accounts, banking services, and comprehensive financial planning, making it a one-stop financial hub for its members.

One of SoFi's standout features is its commitment to empowering members to achieve financial greatness through innovative products and exceptional service. The company operates primarily through its user-friendly mobile app and website, providing fast, seamless access to financial tools and services.

In 2020, SoFi expanded its capabilities by acquiring Galileo Financial Technologies, a move that strengthened its infrastructure for payment processing and digital banking. This acquisition allows SoFi to offer enhanced debit card services and account management solutions.

Recent Achievements and Current Projects:

  • SoFi has continued to innovate with new product launches and updates, including improved investment tools and expanded banking features.
  • The company has forged strategic partnerships to enhance its service offerings and reach.
  • SoFi maintains a strong focus on community engagement, providing resources and support to help members succeed in their financial journeys.

SoFi's financial condition remains robust, underpinned by a clear strategy for growth and a commitment to delivering value to its members. The company's recent initiatives and partnerships reflect its dedication to being a leader in the financial services sector.

For the latest updates and in-depth information about SoFi Technologies, Inc., including performance metrics and recent developments, visit their official website or follow their news releases.

News

Galileo Expands Buy Now Pay Later Solution to Include Post-Purchase Options for Credit and Debit

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Galileo Financial Technologies, owned by SoFi Technologies, Inc., expands its Buy Now, Pay Later offering to help banks and fintechs provide consumers with more financial flexibility. The new API-enabled BNPL post-purchase offering allows for installment payment options via existing debit or credit card accounts, catering to the growing global BNPL market. This initiative aims to bridge the gap between cards and loans, enabling banks and fintechs to enhance customer relationships through innovative financing solutions.
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SoFi Technologies, Inc. Prices $750 Million Convertible Senior Notes Offering Due 2029

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SoFi Technologies, Inc. announces pricing of $750 million convertible senior notes due 2029 in a private offering to qualified institutional buyers.
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SoFi Technologies, Inc. Announces Proposed Convertible Senior Notes Offering Due 2029

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SoFi Technologies, Inc. (NASDAQ: SOFI) announces a private offering of $750 million convertible senior notes due 2029 to qualified institutional buyers. The notes are unsecured, will accrue interest, and mature in 2029. Noteholders can convert notes into cash and shares of SoFi's common stock. SoFi plans to use proceeds for capped call transactions, redeeming preferred stock, and general corporate purposes.
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Galileo Expands Collaboration with The Bancorp to Offer Real-Time Payments via The Clearing House

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Galileo Financial Technologies, owned by SoFi Technologies, partners with The Bancorp to provide real-time payments services via the RTP network, facilitating instant money movement for businesses and consumers. In Q3 2023, transaction volume and value over the RTP network reached a record high of 64 million transactions at $34 billion, offering faster transactions, enhanced customer satisfaction, and improved cash flow management.
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SoFi Named the Official Banking Partner of the NBA, NBA G League, NBA 2K League and USA Basketball

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SoFi partners with NBA for multi-year deal, NBA All-Star Jayson Tatum for $1M Generational Wealth Fund to promote financial literacy and wealth creation. SoFi becomes official banking partner of NBA, G League, NBA 2K League, and USA Basketball.
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SoFi to Participate in Upcoming Investor Conference

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SoFi Technologies, Inc. (SOFI) announced its participation in the UBS Financial Services Conference with CFO Chris Lapointe joining a fireside chat. The event is scheduled for Feb. 26, 2023, at 1:50 PM EST. Interested parties can register for the webcast on the company's Investor Relations website.
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New SoFi at Work Survey Finds More Employees than Ever are Stressed About Finances, Reveals Simple Ways Employers Can Help

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A press release reveals insights from 1,500 HR leaders and employees about the impact of financial well-being benefits on employees' overall well-being and business performance in 2024. The data shows that nearly 9 out of 10 employees are feeling stressed, highlighting the importance of financial well-being benefits in the workplace.
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SoFi Breaks Down Barriers to Investing By Offering Alternative Investments

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SoFi (NASDAQ: SOFI) announced that SoFi Invest members can now invest in select alternative investment funds, mutual funds, and money market funds, expanding investment opportunities for everyday investors. The company will offer over 6,000 different mutual funds and access to alternative investments such as the ARK Venture Fund and Franklin Templeton’s Clarion Partners Real Estate Income Fund. SoFi will also provide educational resources and access to Certified Financial Planners to help investors understand and make informed decisions about these investment vehicles.
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SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

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SoFi Technologies, Inc. reported accelerated revenue growth, expanding margins, and GAAP profitability in the fourth quarter, with positive GAAP net income of $48 million and GAAP EPS of $0.02. The company achieved record adjusted EBITDA of $181 million, up 159% year-over-year, and saw 40% of fourth-quarter adjusted net revenue from the tech platform and financial services segments. Total members and products grew by 44% and 41% year-over-year, respectively, and total deposits increased by $2.9 billion to $18.6 billion in the fourth quarter. The company also announced its 2024 guidance and longer-term outlook.
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SoFi Launches Small Business Financing Marketplace

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SoFi, the digital personal finance company, expands its small business marketplace to better support American small business owners' financing needs. CEO Anthony Noto emphasizes the mission to help members achieve financial independence and realize their ambitions. The SMB marketplace simplifies the process of finding and filtering for a lender that fits a business owner’s unique needs by pairing a single application process with SoFi’s curated marketplace of participating providers.
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FAQ

What is the current stock price of SoFi Technologies (SOFI)?

The current stock price of SoFi Technologies (SOFI) is $15.01 as of November 21, 2024.

What is the market cap of SoFi Technologies (SOFI)?

The market cap of SoFi Technologies (SOFI) is approximately 16.3B.

What services does SoFi Technologies, Inc. offer?

SoFi offers a range of financial services including personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning.

When was SoFi Technologies, Inc. founded?

SoFi was founded in 2011.

Where is SoFi Technologies, Inc. headquartered?

SoFi is headquartered in San Francisco, California.

What was SoFi initially known for?

SoFi was initially known for its student loan refinancing services.

How does SoFi primarily operate?

SoFi operates primarily through its mobile app and website.

What is the significance of SoFi's acquisition of Galileo Financial Technologies?

The acquisition of Galileo Financial Technologies in 2020 enhanced SoFi's capabilities in payment processing and digital banking services.

What recent innovations has SoFi introduced?

SoFi has introduced new investment tools, expanded banking features, and strategic partnerships to enhance its service offerings.

How does SoFi support its members?

SoFi supports its members through community engagement, providing resources and tools to help them achieve financial success.

What can you find on SoFi's official website?

You can find the latest updates, performance metrics, and detailed information about SoFi's services and recent developments.

What is SoFi's mission?

SoFi's mission is to empower its members to achieve financial greatness through innovative products and exceptional service.

Stock SOFI logo
SoFi Technologies, Inc.

Nasdaq:SOFI

SOFI Rankings

#638 Ranked by Market Cap
N/A Ranked by Dividends

SOFI Stock Data

16.34B
1.01B
3.2%
46.62%
14.96%
Credit Services
Finance Services
Link
United States of America
SAN FRANCISCO