SoFi Technologies Inc. (NASDAQ: SOFI)
Credit Services · San Francisco, CA, United States · Founded 2011
- Market capitalization: $8.0 billion
- Annual revenue: $0.62 billion
- Net income: $0.48 billion
- Employees: 5,000
- Sector: Financial Services
- Headquarters: San Francisco, United States
- Founded: 2011
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SoFi is a digital financial services company offering banking, lending, investing, and insurance through a single app. They started with student loan refinancing and have expanded into a full-service neobank. Getting a bank charter in 2022 was the pivotal moment — it let them hold deposits and fund loans directly.
Net interest income from lending (personal loans, student loans, mortgages), fee income from their technology platform (Galileo and Technisys), and financial services revenue from investing, insurance referrals, and credit cards. The bank charter dramatically improved their funding costs.
Founded in 2011 by Mike Cagney and three Stanford MBA classmates to refinance student loans. Anthony Noto (ex-Twitter CFO, ex-Goldman Sachs) took over as CEO in 2018 and transformed the strategy. They went public via SPAC in 2021 and obtained a national bank charter in January 2022.
| Market Capitalization | $8.0B |
| Annual Revenue | $0.62B |
| Net Income | $0.48B |
| Profit Margin | 77% |
| Revenue per Employee | $124000K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | SOFI |
Financial data is approximate and based on most recent annual filings.
SoFi Stadium in Los Angeles (home of the Rams and Chargers) cost $5.5 billion — the naming rights deal was a bold brand play for a company that wasn't yet profitable. The Galileo platform processes over 150 million accounts for other fintechs.
SoFi's bank charter changed everything — they can now compete with real banks on funding costs. The multi-product strategy is working, and profitability has arrived.
What is SoFi Technologies Inc.'s revenue?
SoFi Technologies Inc. generates approximately $0.62 billion in annual revenue.
How many employees does SoFi Technologies Inc. have?
SoFi Technologies Inc. employs approximately 5,000 people worldwide.
What is SoFi Technologies Inc.'s market cap?
SoFi Technologies Inc. (SOFI) has a market capitalization of approximately $8.0 billion on the NASDAQ.
When was SoFi Technologies Inc. founded?
SoFi Technologies Inc. was founded in 2011 and is headquartered in San Francisco, CA, United States.
Who is the CEO of SoFi Technologies Inc.?
Anthony Noto is the current CEO of SoFi Technologies Inc..
What is SoFi Technologies Inc.'s website?
SoFi Technologies Inc.'s official website is sofi.com.
| CEO | Anthony Noto |
| Sector | Financial Services |
| Industry | Credit Services |
| Founded | 2011 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | sofi.com |
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