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SoFi posted record revenue and lifted its full-year forecast after members surged
United States💼 Business18 hr. ago

SoFi posted record revenue and lifted its full-year forecast after members surged

SoFi, a financial technology company, reported a significant increase in its membership, rising by 35% to reach 15.8 million users during the second quarter. The company also achieved a record level of total loan originations, amounting to $14.8 billion. As a result of these strong performance indicators, SoFi has raised its full-year revenue forecast. This growth reflects the increasing adoption of SoFi's services among consumers seeking alternative financial solutions.

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Quartz logoQuartzIndependentCenter18 hr. ago
SoFi posted record revenue and lifted its full-year forecast after members surged

SoFi, a financial technology company, reported a significant increase in its membership, rising by 35% to reach 15.8 million users during the second quarter. The company also achieved a record level of total loan originations, amounting to $14.8 billion. As a result of these strong performance indicators, SoFi has raised its full-year revenue forecast. This growth reflects the increasing adoption of SoFi's services among consumers seeking alternative financial solutions.

Bias read (Center): The article discusses financial performance metrics of a private company without any political context or framing. There is no indication of political bias in the reporting.

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