Tagged: sofi

SoFi Reports Earnings, Tops Expectations: We want to be your primary bank

SoFi Technologies (NASDAQ: SOFI) reported Q4 2022 and full-year earnings today, and the numbers surpassed analyst expectations. According to a release by SoFi, revenue during Q4 2022 was $456 million compared to Q4 2022 of $285 million in Q4 2021. For the year ended December… Read More

Galileo Launches Direct Deposit Switch Powered by Atomic

Galileo Financial Technologies, LLC, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced the launch of Galileo Direct Deposit Switch. Powered by Atomic, the infrastructure provider for connecting with payroll accounts, Galileo’s Direct Deposit Switch functionality “gives the company’s… Read More

SoFi Owned Galileo Announces BNPL Offering for Banks and Fintechs

Galileo Financial Technologies, LLC, a company owned by SoFi (NASDAQ: SOFI), has announced a buy now, pay later (BNPL) solution, according to the company. Galileo said it will provide single use virtual cars that incorporate complete loan servicing. Galileo intends to make the BNPL service… Read More

SoFi: No Direct Exposure to FTX, FTT, Alameda Research or Genesis

SoFi (NYSE:SOFI) is the latest Fintech – crypto-related firm to give the all-clear sign regarding the crypto contagion created by Sam Bankman-Fried and the bankruptcy of FTX. In a series of Tweets, SoFi stated: “We have no direct exposure to FTX, FTT token, Alameda Research,… Read More

Flyp Selects Galileo Financial Technologies to Power Gamified Mobile Banking Platform

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

SoFi Reports Earnings Early, Shares Decline In Choppy Trading

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

SoFi-Owned Galileo Announces Colombia Expansion, Surpasses 100M End-User Accounts

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

SoFi Buys Technisys, a Cloud based Digital Banking Platform

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

Fintech SoFi Is Much More than a Neobank, Bank of America Analyst Explains

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

Following News of Bank Charter Approval, Shares in SoFi Move Higher

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

Office of the Comptroller of the Currency Approves SoFi’s Bank Application

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

Pagaya Teams Up with SoFi to Expand Access to Financial Services, Create Opportunities for Clients

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

Recently Publicly Listed SoFi Receives Higher Price Target on Potential to Challenge Old Banks

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

SoFi to Allow Retail Investors to Invest in Certain SPAC IPOs

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

SoFi Trades on Nasdaq Following SPAC Deal

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

SPAC: SoFi On Track to Trade on Nasdaq

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

SoFi Now Offering SoFi Money Members the Ability to Receive Direct-Deposit Paychecks Up to Two Days Earlier

  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

SoFi Expected to Trade on Nasdaq on June 1st in SPAC Merger

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

SoFi Teams Up With Online Learning Platform Coursera For “The Fundamentals of Personal Finance” Specialization

  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

SoFi Unveils Auto Loan Refinancing Options on Lantern

  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

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