In the News
SoFi Events & Presentations
Check out the Events & Presentations page of SoFi Technologies' Investor Relations Site to see corporate overnews, news, upcoming events, and the schedule of financial results.
SoFi Technologies: Revolutionizing Digital Finance Services
The ever-evolving financial industry has taken a major leap towards digital revolution. SoFi Technologies, Inc., a company that provides digital financial services, is leading the charge for the next generation of banking. The company offers its members a variety of products to borrow, save, spend, invest and protect their money, effectively streamlining the entire banking process.
SoFi has been featured as one of Fast Company’s Most Innovative Companies for 2023
SoFi was just recognized as one of Fast Company’s Most Innovative Companies for 2023, taking third place in the Personal Finance category. It's an honor to be leading the way in innovation and helping our members get their money right! #FCMostInnovative
SoFi to boost FDIC insurance coverage to $2M for checking, savings members
SoFi Technologies now offer members with checking or savings accounts access up to $2M of Federal Deposit Insurance Corp. (FDIC) insurance, compared with the standard $250K per account, the company said Wednesday. The increase in FDIC insurance is a result of the so-called SoFi FDIC Insurance Network, a newly created partnership with a number of banks that allows members the benefits of multiple accounts by offering enhanced insurance.
Celebrating Employee Appreciation Day at SoFiToday is the best excuse for us to gush about our incredible people, whose steadfast commitment to our mission and living our values is inspiring. Our leadership team put together words of gratitude for our incredible employees. Happy Employee Appreciation Day to all the employees out there!
SoFi’s banking moves are proving a ‘unique advantage,’ analyst says
SoFi Technologies Inc. continues to win praise for its banking efforts after the digital financial-services company gave an upbeat earnings forecast and touted the benefits of its banking charter for the broader business. “SoFi Bank continues to enable flexibility that is proving very valuable in the current macro/rate environment,” Jefferies analyst John Hecht wrote in a Monday evening report.
SoFi CEO Anthony Noto: We're stealing market share from big banks
SoFi CEO Anthony Noto discusses the fintech firm's path to profitability after Q4 earnings beat estimates on 'The Claman Countdown."
SoFi has been named a 2023 Best Place to Work by Built InWe're honored to have made the list of Built In's 2023 Best Places to Work! The list recognizes top employers across the country, featuring those who go above and beyond for their people when it comes to benefits, compensation, perks, culture programs, mission, and so much more.
Learn more about why we made the cut and how you can join the team at one of the best places to work in the country!
SoFi CEO, Anthony Noto, is one of 23 people who will matter in banking in 2023Anthony Noto, CEO of SoFi, is leading efforts to develop the company into a one-stop shop. SoFi started out refinancing student loans, but has expanded to offer mortgages and other loans, a credit card, investments, insurance, career coaching and more. Some of these products were homegrown, some provided through partnerships. Such diversification has been, and will continue to be, an important defense against volatility in the student loan refinancing market and economy in general.
The diversification of our business has driven record revenues, says SoFi CEO
Anthony Noto, SoFi CEO, joins ‘TechCheck’ to discuss the big shift in SoFi’s quarter, if Noto is pursuing the student loan refinancing market and insight’s into the company’s deposit accounts.
"We want to be the largest," says SoFi CEO Anthony Noto
SoFi CEO Anthony Noto joined Bloomberg TV and was not shy about his ambitions to turn SoFi into the largest checking & savings firm in the country, off the heels of a third upside revision to SoFi's full year guidance. Check out the full interview! [Starting at 22:22]
Lending Platform SoFi's Revenue Jumps 56% in Q3The platform, which has a digital-asset trading subsidiary, also said in a filing with the U.S. Securities and Exchange Commission that its earnings before interest, taxes, depreciation and amortization (Ebitda) surged to $44.3 million in the quarter, more than quadruple the $10.3 million from a year earlier.
SoFi is a #TopWorkplaces winner!SoFi has been named one of the Top 10 Workplaces in Salt Lake City by Top Workplaces! The list recognizes companies that go above and beyond for their people, measuring benefits, employee support, cultural programming, and more. Check out what makes us a Top Workplace!
Who Dares Wins: Life, Leadership, and Finance with Anthony Noto
Check out season 2 of Who Dares Wins: Life, Leadership, and Finance with SoFi CEO Anthony Noto. The podcast centers on Anthony’s mission to empower people to invest in their financial wellness, prioritize their values, invest in themselves, and in doing so, build the confidence to Risk Greatness. Anthony also touches on his varied career and shares what his different paths have taught him.
Being Your Authentic Self: Latinidad in the Workplace
SoFi is proud to partner with Latinas in Tech to achieve their mission of increasing Latina representation in Tech. Together we believe it's important to create workplace cultures that center around inclusion because working in diverse and inclusive environments leads to better ideas, more fruitful collaboration, and more innovative approaches to meet the needs of the increasingly diverse world. Our employees sat down with Latinas in Tech to discuss this and how being your authentic self is your greatest career asset. Check out the full interview!
SoFi can surge 54% on student loan payments pause and NFL marketing, Bank of America says in upgrade
There’s growth on the horizon for SoFi’s stock, according to Bank of America. The bank upgraded SoFi shares from neutral to buy and boosted its price target to $9 per share. That implies the stock could surge 54% from Tuesday’s close.
“We see potential for a meaningful catalyst path over the next few quarters as SoFi benefits from the student loan payment moratorium ending and its high-profile NFL-aligned marketing investments drive user growth and engagement,” wrote analyst Mihir Bhatia in a Wednesday note.
SoFi: Shares Exploded 27% Upon A Beat And Raise After Q2 Earnings
- SOFI delivered a beat and raise when Q2 earnings were delivered as this was the 2nd guidance raise after the reduction due to an extended student loan moratorium.
- SOFI delivered across every KPI from the financials to the business metrics.
- While many traditional banks saw their deposits decline QoQ, SOFI delivered 134.65% QoQ growth as $1.56 billion of deposits occurred.
SoFi Soars Most Since 2021
SoFi CEO Anthony Noto joins Emily Chang on the heels of their earnings results after the company’s second-quarter revenue and Ebitda beat the average analyst estimate, and the company raised its full-year outlook.
SoFi Technologies CEO Says Fintech Is Defying Market Trends, Excelling 'Despite The Carnage You've Seen In Other Places'
SoFi CEO Anthony Noto highlighted some of the standout numbers in the company's report Wednesday on CNBC's "TechCheck." "What you are seeing in our results this quarter and the record quarters we've reported for the last four, is the culmination of our strategy to build a one-stop shop and own the technology end to end," Noto said.
Who are the Financial Leaders of Tomorrow?
Anthony Noto is CEO of SoFi Technologies, Inc. (SOFI), an up-and-coming digital financial platform offering banking, investment, and lending services. Before SoFi, Noto worked as a managing director at Goldman Sachs, CFO of the National Football League (NFL), and as chief operating officer (COO) of Twitter, Inc. (TWTR).
The influential business leader oversaw the recent initial public offering (IPO) of SoFi and its transition to a national bank. As the top executive at an innovative financial company, Noto is a CEO to watch.
1 Big Reason SoFi Technologies Should Be on Your Radar
SoFi took a giant step to becoming the Amazon Web Services (AWS) of fintech when it signed an agreement in April 2020 to acquire Galileo, one of the best financial services companies for building payments, checking, savings, credit, debit, and other money transfer functionality.
SoFi Chief Executive Officer Anthony Noto recently suggested that every multiproduct financial services company will need to move from older technology and to cloud-native technology similar to Technisys's or risk being left behind.
24-Hour Trading Would Be Great for SOFI Stock
CEO Anthony Noto explained why SoFi is expanding its trading day: We know that making everything from saving to investing easier is key to helping our members get their money right. For years, the rigid traditions of the finance industry have left many people behind because it didn’t work for them. This is the latest in a series of traditions we’ve sought to break to ensure everyone has access to investing on their terms.
CEO Anthony Noto Just Bought More SOFI Stock
Shares of SoFi (NASDAQ:SOFI) are in the green this morning following an insider purchase from CEO Anthony Noto. The CEO has been on a buying spree this year, with his most recent transaction marking his 12th purchase of the year.
SoFi's Anthony Noto: Our diversification is allowing us to gain market share
SoFi CEO, joins ‘TechCheck’ to discuss the state of the consumer from his perspective, how the interest rate environment impacts SoFi and whether the company can get to free cash-flow positive.
SoFi CEO: We’re trying to educate investors how to navigate the fintech fallout
SoFi CEO Anthony Noto discusses how the fintech sector can thrive in a rising rate environment on ‘The Claman Countdown.’
SoFi's spike in personal loans offsets weaker volume elsewhere
The San Francisco company made more than $2 billion in personal loans between January and March, a 151% increase from the $805.7 million it originated in the year-ago quarter. CEO Anthony Noto said he expects demand to keep strengthening given rising interest rates, which may prompt people to move credit card loans and other variable-rate debt into fixed-rate personal loans.
Liz Looks At: Where To Find Growth
Here are three themes that SoFi's Head of Investment Strategy thinks can produce growth over the next 2-5 years.
SoFi's Bank Charter
Here's Why SoFi's Banking Charter Could Be a Game-Changer
The Motley Fool - February 2022
Fintech disruptor SoFi (SOFI 0.53%) has officially received regulatory approval to become a bank. At first glance, it might not seem like this will change much, as SoFi already offers loans, money management accounts, and many other features you might expect from a bank. However, in this Fool Live video clip, recorded on Jan. 20, Fool.com contributors Matt Frankel and Jason Hall discuss why a bank charter could be a game-changer for SoFi and its investors.
Why SoFi's Long-Awaited Bank Charter Will Make the Business Better
The Motley Fool - January 2022
Regulators have granted SoFi conditional approval on its application to become a bank. The bank charter will allow SoFi to hold deposits and use them to fund loans. It will also add regulatory clarity and set up a better framework for holding loans on the balance sheet.
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OCC Conditionally Approves SoFi Bank, National Association
Office of the Comptroller of the Currency - January 2022
The Office of the Comptroller of the Currency (OCC) today conditionally approved applications from Social Finance Inc. (SoFi) to create SoFi Bank, National Association (SoFi Bank, N.A.), as a full service national bank headquartered in Cottonwood Heights, Utah. As part of the transaction, SoFi Bank, N.A. will acquire Golden Pacific Bank, National Association, a national bank insured by the Federal Deposit Insurance Corporation. Upon consummation of this transaction, SoFi Bank, N.A., will have $5.3 billion in total assets and $718 million in capital at the end of the first year of operation, and will continue to offer a range of local commercial-focused loan offerings and deposit products previously offered by Golden Pacific. The bank will also provide a fully digital, mobile-first national lending platform for consumers across the country.
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