Financial results
SoFi’s 47% brokerage growth was $18m—1.3% of group revenue
The investment product was expanding quickly from a small earnings base inside a deposit- and lending-led platform.
SoFi
The companies, products and regulatory developments shaping the broker industry.
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Financial results
SoFi’s technology-platform profit fell 61% while group revenue rose 43%
SoFi’s filings show that lending and financial services drove group growth while Technology Platform revenue and contribution profit declined sharply.
Financial results
SoFi’s brokerage fees rise 47% as Composer widens its Invest metric
SoFi reported stronger brokerage monetisation, but the addition of Composer changes the scope of its Invest product count. The figure is not a count of unique investors.
Products & pricing
SoFi launches SOFIE tokenized deposits with 4.40% variable APY
SoFi Earn holds dollar deposits at SoFi Bank; customers convert them to SoFiUSD for crypto purchases or transfers. The deposit balance shares the bank’s existing FDIC coverage limits.