SoFi Technologies Inc. (6B0)

Overview

SoFi Technologies, Inc., established in 2011 and headquartered in San Francisco, California, operates as a multifaceted financial services provider across the United States, Latin America, and Canada. The company categorizes its wide range of offerings into three primary segments: Lending, Technology Platform, and Financial Services. SoFi Technologies is dedicated to offering comprehensive financial solutions that enable its members to borrow, save, spend, invest, and protect their money more effectively. With a focus on combining personal finance management with innovative technology, SoFi aims to fulfill the evolving financial needs of its customers.

Products and Services

• Personal Loans, Student Loans, Home Loans, and More:

  Offers various lending solutions, including personal loans for debt consolidation or major purchases, specialized student loan options for tuition and education expenses, and home loans for new purchases or refinancing.

• Galileo Technology Platform:

  A robust platform providing advanced technological services to both financial and non-financial institutions, facilitating the seamless integration and management of financial operations.

• Technisys:

  Offers a cloud-native digital and core banking platform, serving financial service customers with an innovative platform for managing banking operations.

• SoFi Money:

  A cash management product that combines checking and savings accounts functionalities, complete with a debit card offering.

• SoFi Invest:

  A mobile-first investment platform that enables users to access a wide range of trading and advisory services, including direct investing and automated robo-advisory solutions.

• SoFi Credit Card:

  Provides members with a cashback rewards credit card, rewarding every purchase with potential cashback benefits.

• SoFi Relay:

  A personal finance management tool that enables users to track all their financial accounts in one place, monitor credit scores, and understand spending habits.

• SoFi Protect:

  Offers a variety of insurance products designed to offer financial protection and peace of mind.

• SoFi Travel:

  An application focused on managing travel plans, including search and booking capabilities for various travel needs.

• SoFi At Work:

  Delivers financial benefits directly in the workplace, such as contributions to employees' student loans, positioning SoFi as a partner in both individual financial health and employee benefits.

• Lantern Credit:

  A financial services marketplace platform that assists users in exploring alternative financial products and services through comprehensive comparisons and insights.

• Lending as a Service and Loan Sales:

  Provides referrals of pre-qualified borrowers to third-party partners and engages in the sale of loans, facilitating broader access to SoFi's lending products across the industry.