Tagged: anthony noto

February 24, 2024 @ 2:22 pm By Omar Faridi  |  

The National Basketball Association (NBA) and SoFi (NASDAQ: SOFI) announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be “the official entitlement partner… Read More

January 29, 2024 @ 8:11 pm By JD Alois  |  

SoFi (NASDAQ:SOFI), a regulated digital bank that provides many different financial services, reported Q4 financial results today and Wall Street likes them. SoFi became a public company via a SPAC deal. Currently, shares in SoFi closed over 20% higher on the news now trading over… 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

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

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

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

November 22, 2022 @ 9:05 am By JD Alois  |  

Democrat members of the Senate Banking Committee have sent a letter to SoFi (NASDAQ:SOFI) inquiring about its activities in regard to digital asset trading. At the same time, the Senators have forwarded a letter to three bank regulators, the Office of the Comptroller of the… 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

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

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 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

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 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

March 9, 2021 @ 9:07 am By JD Alois  |  

SoFi, has launched its first credit card that is said to include a rewards structure designed to help consumers reach their financial goals,  including up to 2% unlimited cash back when applied to a SoFi Money® or SoFi Active Invest account or used to pay… 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

May 29, 2020 @ 12:45 am By JD Alois  |  

At the end of March, SoFi CEO Anthony Noto visited with CNBC’s Jim Cramer to chat about his Fintech. At that time, Noto said the company had experienced a record number of new accounts as the Coronavirus lockdown has boosted growth at his firm. Several… Read More

April 21, 2020 @ 8:38 am By JD Alois  |  

  SoFi, one of the largest Fintechs in the US, has entered the Asian market with the acquisition of 8 Securities in Hong Kong. The acquisition follows another purchase by SoFi earlier this month when the Fintech acquired Galileo Financial Technologies for $1.2 billion in… Read More