Tagged: sofi

March 19, 2024 @ 11:18 pm By JD Alois  |  

Galileo Financial Technologies is broadening its buy now pay later (BNPL) services by adding a post-purchase credit option. Galileo is part of SoFi (NASDAQ: SOFI), a diversified Fintech and digital bank. A pre-purchase option is already available. This new API-enabled BNPL post-purchase offering is designed… Read More

March 14, 2024 @ 9:49 am By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the appointment of Aaron J. Webster as Executive Vice President, Chief Enterprise Services Officer, effective March 18. Aaron will have end-to-end accountability “for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management.”… Read More

March 6, 2024 @ 9:27 pm By Omar Faridi  |  

Galileo Financial Technologies, a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced an expansion of its relationship with The Bancorp Bank, NA, that enables real-time payments services. Using the RTP network from The Clearing House, Galileo and The Bancorp… Read More

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

February 16, 2024 @ 10:37 am By Omar Faridi  |  

More employees than ever — nearly 9 out of 10 — are feeling stressed about their finances, with almost half saying they’re just getting by. Despite budgets for salary increases reaching a 22-year high in 2023, 48% of workers are worried they “don’t have enough… Read More

January 30, 2024 @ 6:26 am By Omar Faridi  |  

SoFi (NASDAQ: SOFI), the digital personal finance company, announced that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors “access to the power… 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

January 22, 2024 @ 2:23 pm By Omar Faridi  |  

SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them… Read More

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