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SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations

Business News, FinTech News, Market News, News, Stocks

By Chimamanda U. Martha Jul 31, 2023

The company reported record-breaking new member additions, surpassing the 584,000 mark.

SoFi Accidentally Releases Q1 2022 Earnings Report, Sees Stock Slide

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By Tolu Ajiboye May 11, 2022

Following an accidental and premature release of its Q1 2022 results, SoFi shares declined sharply due to an underwhelming Q2 forecast.

Business News, Deals News, Market News, News, Stocks

SoFi Stock Dips after Announcement of Plans to Acquire Technisys

By Tolu Ajiboye Feb 23, 2022

SoFi saw its stock slide after it announced that it was buying Latin America-based banking software provider Technisys.

Business News, Cryptocurrency News, Market News, News, Stocks

Market Analyst Shares Insights on SoFi Inc’s Long-Term Growth Prospects

By Godfrey Benjamin Oct 11, 2021

The company’s 2.56 million members, as recorded in its last quarterly report show that its closed market system is working.

Altcoin News, Bitcoin News, Business News, Cryptocurrency News, Market News

SoFi Stock Soars After Jefferies Analyst Issues Buy Rating at $25 Price Target

By Godfrey Benjamin Sep 23, 2021

Taking a peek into the social finance (SoFi) product suite will give a perfect reason why the Jefferies analyst is bullish on the stock.

Business News, Market News, News, Stocks, Wall Street

SoFi Stock Jumps 6.55% as Mizuho Updates Coverage with Buy Rating

By Steve Muchoki Sep 16, 2021

According to the firm, SoFi technologies is poised to receive a cycle of increased engagement, boosting revenue and profits.

Business News, IPO News, Market News, News, Stocks

SoFi Stock Rises 3% in Debut Following Its IPO

By staff writer Jun 2, 2021

SoFi stock demonstrated a rise in its stock price after going public via an IPO by merging with Social Capital Hedosophia Corp V.

Business News, Editor's Choice, Market News, News

SoFi Gets Conditional Approval to Establish a New National Bank

By Darya Rudz Oct 29, 2020

With OCC’s license, it will be easier for SoFi to become a national bank. However, the company still has to wait for formal approval from the Federal Deposit Insurance Corporation and the Federal Reserve.

Cryptocurrency News, Editor's Choice, FinTech News, News

PayPal Launches Crypto Services in Partnership with Paxos Crypto Brokerage

By Tolu Ajiboye Jul 20, 2020

Fintech giant app Paypal has partnered with Paxos to launch a new crypto service. This new venture will serve more than 300 million PayPal users.

Business News, FinTech News, News

FinTech Startup SoFi Files for License with OCC to Act as National Bank

By Bhushan Akolkar Jul 10, 2020

FinTech startup SoFi that is popular for offering online student loan refinancing facilities says that acquiring the national banking charter will help it expand in other financial services areas and streamline its regulatory operations.

Business News, Deals News, FinTech News, News

SoFi to Buy Payment Processor Galileo for $1.2 Billion

By Christopher Hamman Apr 8, 2020

SoFi will acquire Galileo. It will significantly affect the fintech industry as Galileo processes payments for many fintech companies.

Editor's Choice, FinTech News, News

Ripple and Coinbase Are Among 10 Biggest Fintech Companies in 2020

By Darya Rudz Feb 18, 2020

Among the 10 biggest fintech companies in the U.S. in 2020, there are three firms that focus on crypto-related activity. They are Ripple, Coinbase and Robinhood.

FinTech News, News

UK Is Top Destination for European Fintech Investment with $4.9 Billion Received

By Osaemezu Ogwu Jan 30, 2020

Venture capital and private equity investment into the fintech sector of London and the UK in general has risen 38% year on year and reached $4.9 billion.

FinTech News, News

Mastercard Partners with SoFi on Debit Card, Payment Products

By Wanguba Muriuki Jan 24, 2020

Mastercard has partnered with SoFi, a digital personal finance company, in a program expected to benefit SoFi’s almost one million customers using their cash management accounts.