Tagged: sofi

January 10, 2024 @ 9:25 am By JD Alois  |  

SoFi (NASDAQ: SOFI) , a top Fintech platform that holds a bank charter, is letting people go, according to multiple reports. SoFi was a big winner in the stock market in 2023, gaining 116%, but apparently, things may not be as great as they seem as… Read More

January 5, 2024 @ 12:21 pm By Omar Faridi  |  

SoFi (NASDAQ: SOFI), the “all-in-one” digital personal finance company, announced SoFi Invest will offer a 2% match on all eligible IRA (individual retirement account) contributions through Tax Day (April 15, 2024). This new offer doubles the previously “announced 1% IRA match offered in late 2023, and… Read More

November 17, 2023 @ 9:24 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA). With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with… Read More

November 9, 2023 @ 9:30 am By JD Alois  |  

Figure Technologies, along with former NYSE Executive Tom Farley and VC Proof Group, are planning to acquire what’s left of FTX, according to a report by WSJ.com. FTX was once valued at over $30 billion. Figure, founded by top Fintech entrepreneur Mike Cagney, operates one… Read More

October 31, 2023 @ 9:42 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced an agreement to place a $375 million personal loan securitization exclusively with funds and accounts managed by BlackRock (NYSE:… Read More

October 22, 2023 @ 2:10 pm By Tony Zerucha  |  

SoFi-owned Galileo Financial Technologies now offers its Payment Risk Platform to the entire financial services ecosystem. This holistic fraud engine delivers real-time payment risk mitigation controls that allow any fintech or financial brand to reduce fraud losses and minimize payment risks proactively. The Galileo Payment… Read More

October 15, 2023 @ 9:45 pm By Omar Faridi  |  

SoFi (NASDAQ:SOFI), the all-in-one digital personal finance company, announced SoFi Invest will offer a 1% match on all eligible IRA (individual retirement account) contributions. This comes as a new survey also out from SoFi “unveils American’s top financial ambitions including: creating or sustaining generational wealth,… Read More

July 31, 2023 @ 5:01 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) saw its shares hit a new 52-week following quarterly results that topped analyst expectations. SoFi is a diversified Fintech that started life as an online lender – first targeting refinanced student loans – but has branched out into other financial verticals, including a… Read More

June 12, 2023 @ 10:01 pm By Omar Faridi  |  

SoFi at Work – the holistic, financial well-being, and education assistance benefits partner to more than 1,000 organizations – announced the launch of a new Student Loan Verification (SLV) service. SoFi (NASDAQ: SOFI), the digital personal finance company and all-in-one app, announces this new addition… Read More

May 7, 2023 @ 3:02 pm By Omar Faridi  |  

Nearly two-thirds of women report that personal finances impact their mental health “a lot or somewhat,” according to a new survey conducted by SoFi (NASDAQ: SOFI), the digital personal finance company and all-in-one app. And nearly two-thirds (65%) disclosed they are “not comfortable with the… Read More

April 4, 2023 @ 5:35 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a one-stop shop for digital financial services, has announced that it has acquired Wyndham Capital Mortgage, a Fintech mortgage lender, in an all-cash transaction. Terms of the transaction were not immediately available. While the transaction is not expected to be… Read More

March 10, 2023 @ 5:51 pm By JD Alois  |  

SoFi (NASDAQ:SOFI) has posted an 8-K stating it does not hold any cash at Silicon Valley Bank (NASDAQ:SIVB). The Fintech said it does have a small $40 million lending facility with the bank. The statement is as follows: “SoFi Technologies, Inc. informs its investors that… Read More

January 30, 2023 @ 12:16 pm By JD Alois  |  

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

December 14, 2022 @ 9:07 pm By Omar Faridi  |  

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

December 6, 2022 @ 3:41 pm By JD Alois  |  

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

November 21, 2022 @ 6:12 pm By JD Alois  |  

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

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