SoFi Technologies, Inc. (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.
SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities. Its acquisition of Galileo Financial Technologies expanded SoFi’s presence in payments and banking-as-a-service, allowing it to offer account processing, card issuing and other backend services to fintech partners as well as its own branded products. The company also expanded its capital and public profile through a business combination in 2021 that took it public, positioning SoFi to pursue broader product integration and scale.
Founded in 2011, SoFi initially focused on refinancing student loans for alumni groups and later broadened its product set to serve a wider range of consumer financial needs. The company primarily serves customers in the United States through its online platform and mobile apps, targeting digital-savvy consumers seeking a unified set of financial tools. SoFi markets its services to borrowers, savers and investors who prefer digital account management and integrated financial products.
SoFi’s executive leadership includes CEO Anthony Noto, who joined the company after a career in financial services and technology. Under its current leadership, SoFi emphasizes product diversification, technology-driven delivery, and cross-selling of financial services to increase customer engagement. The company continues to evolve its product suite and partnerships to compete with both traditional banks and emerging fintech firms in the U.S. market.