Archives

June 30, 2022 @ 10:55 pm By Omar Faridi  |  

Galileo Financial Technologies, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced that its API-enabled financial technology powers Flyp. Flyp is a banking app and digital wallet, “with gamified rewards, challenges, and quests to attract, engage and retain customers.”… Read More

May 10, 2022 @ 2:57 pm By JD Alois  |  

SoFi Technologies (NASDAQ: SOFI) released its Q1 earnings early today as the release was supposed to hit the wires after market close. The results are a bit of a mixed bag and shares in SoFi are moving lower continuing a decline that started in 2022…. Read More

March 22, 2022 @ 4:51 pm By Tony Zerucha  |  

Galileo, a subsidiary of SoFi (NASDAQ: SOFI), today announced its recent expansion into Colombia. The company currently provides services in Colombia where it can partner with issuers, banks, e-commerce, and Fintechs to enable its digital financial services offerings. Since Galileo’s arrival in Mexico in 2020, it has… Read More

February 22, 2022 @ 1:15 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) has announced the acquisition of Technisys. In a release, SoFi said it has signed a merger agreement with Technisys, a digital banking platform. Technisys’ shareholders will receive approximately 84 million shares of SoFi common stock or less than 10% of SoFi’s fully diluted… Read More

February 13, 2022 @ 12:38 pm By Omar Faridi  |  

SoFi Technologies (NASDAQ:SOFI) is not simply just another neobanking platform, according to a Bank of America (BoA) analyst. SoFi provides services to several different neobanks via its Galileo platform, which the BoA analyst said is an important “differentiator.” BoA analyst Mihir Bhatia pointed out that… Read More

January 19, 2022 @ 9:10 am By JD Alois  |  

Yesterday, SoFi Technologies (NASDAQ:SOFI) received positive news as the Office of the Comptroller of the Currency (OCC) approved its bank charter license. The conditional approval enables SoFi to operate SoFi Bank as part of its previously announced acquisition of Golden Pacific Bancorp, a regional bank… Read More

January 18, 2022 @ 5:52 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has conditionally approved  SoFi’s (NASDAQ:SOFI) application to operate a bank. According to the OCC, SoFi Bank National Association (SoFi Bank, N.A.), may operate as a full-service national bank headquartered in Cottonwood Heights, Utah. As part of… Read More

October 24, 2021 @ 5:56 pm By Omar Faridi  |  

Pagaya Technologies Ltd., a financial technology firm that enables financial institutions to expand access to more clients via its artificial intelligence network, announced earlier this week that it formed a new partnership with SoFi (NASDAQ: SOFI), the digital personal finance company. The new partnership will… Read More

June 16, 2021 @ 10:27 am By JD Alois  |  

SoFi (NASDAQ:SOFI), a leading Fintech that recently went public in a SPAC deal, has received a positive analyst report due to the company’s potential to disintermediate old financial services firms. According to multiple reports, Rosenblatt has given SoFi a $30 price target for the Fintech…. Read More

June 9, 2021 @ 9:43 am By JD Alois  |  

Following SoFi’s public float via a special purpose acquisition company (SPAC), the Fintech said it will allow retail investors to participate in IPOs in certain blank check firms. SoFi (NASDAQ:SOFI), a one-stop-shop that offers a multitude of financial services, challenges Robinhood in targeting a younger… Read More

June 1, 2021 @ 11:13 am By JD Alois  |  

Leading Fintech SoFi (NASDAQ:SOFI) has successfully listed on the Nasdaq as part of a SPAC deal with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. SoFi was valued at $8.65 billion post-money and the deal is expected to provide up to $2.4 billion in cash… Read More

May 29, 2021 @ 3:05 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, is on track to trade next week following a successful merger with Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE). The combined company is expected to start trading on Nasdaq on June 1, 2021, under… Read More

May 24, 2021 @ 2:27 pm By Samantha Hurst  |  

  SoFi, one of the most successful fintechs in the U.S., recently announced that SoFi Money, its cash-management product, will now offer members the ability to receive their direct-deposit paychecks (or other eligible direct deposits) up to two days earlier than their regularly scheduled payday…. Read More

May 18, 2021 @ 8:35 pm By JD Alois  |  

SoFi, a top US-based Fintech unicorn, is expected to trade on the Nasdaq on June 1st, according to a public statement. As was previously reported, SoFi decided to become a publicly listed firm in a SPAC merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp…. Read More

April 26, 2021 @ 12:05 pm By Samantha Hurst  |  

  SoFi, one of the most successful fintechs in the U.S., announced on Monday it has joined forces with online learning platform Coursera to launch The Fundamentals of Personal Finance Specialization. According to SoFi, the program consists of five courses to provide members with basic… Read More

April 7, 2021 @ 3:50 pm By Samantha Hurst  |  

  SoFi, one of the most successful fintechs in the U.S., announced on Tuesday it has launched auto loan refinancing through its financial services product comparison platform, Lantern. SoFi reported it launched auto loan refinancing through its partnership with MotoRefi, an auto fintech startup on a… Read More

March 26, 2021 @ 8:47 am By JD Alois  |  

SoFi, a top Fintech that will go public via a SPAC, has announced that account holders may gain access to shares of companies completing an initial public offering (IPO). In an IPO, shares are typically sold to institutions at a set price. These firms then… Read More

March 9, 2021 @ 1:24 pm By JD Alois  |  

SoFi has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) a Sacramento, California-based community bank that is regulated by the Office of the Comptroller of the Currency (OCC). The bank reportedly holds approximately $150 million in assets so it was quite… Read More

February 13, 2021 @ 2:41 pm By Omar Faridi  |  

Thrasio, a company that acquires and then aims to quickly grow third-party sellers on Amazon (NASDAQ: AMZN) has finalized $750 million in new funding, raising the firm’s valuation to around $3 billion to $4 billion. The investment round was led by current investors Advent and… Read More

January 7, 2021 @ 12:18 pm By JD Alois  |  

Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC According to a Tweet by Palihapitiya, his thesis is based on the challenges of incumbent banks and the benefits of Fintech… Read More