# SoFi

> SoFi is a publicly traded financial-services company that combines a consumer app for banking, borrowing, investing, credit, crypto and financial planning with an enterprise technology business built around Galileo and Technisys. Its wager is that a nationally chartered bank, a broad product shelf and shared software infrastructure can make each new customer relationship more valuable while lowering funding and acquisition costs.

- **Founded:** 2011
- **Headquarters:** San Francisco, United States
- **Founders:** Mike Cagney (Co-founder and founding CEO), Dan Macklin (Co-founder), James Finnigan (Co-founder), Ian Brady (Co-founder)
- **Team size:** Approximately 6,100 employees at December 31, 2025, with about 82% in the United States.
- **Products:** Student Loan Refinancing, Home Loans, Personal Loans, SoFi Checking and Savings, SoFi Invest
- **Notable:** Pioneered refinancing across both federal and private student loans in 2012., Raised a $1 billion Series E in 2015, then an unusually large single funding round for fintech., Acquired Galileo for $1.2 billion in 2020 and Technisys for approximately $1.1 billion in 2022.

## Products & services

- **Student Loan Refinancing** — Refinancing for federal and private student loans, including specialized options for professionals and parents.
- **Home Loans** — Mortgages, refinancing, home equity loans and home equity lines of credit.
- **Personal Loans** — Unsecured consumer loans used for debt consolidation and other major expenses.
- **SoFi Checking and Savings** — FDIC-insured digital checking and savings accounts offered through SoFi Bank, N.A.
- **SoFi Invest** — Self-directed brokerage, automated investing, IRAs, IPO access, ETFs, options and fractional shares.
- **SoFi Credit Cards** — Consumer credit cards integrated with the SoFi rewards and banking ecosystem.
- **SoFi Relay / Coach Insights** — Account aggregation, credit monitoring, budgeting, net-worth tracking and financial insights.
- **SoFi Plus** — A paid premium membership bundling enhanced rates, rewards, discounts, planning access and experiences.
- **SoFi Crypto and SoFiUSD** — Crypto trading plus a bank-issued, 1:1 redeemable U.S. dollar stablecoin available on Ethereum and Solana.
- **SoFi Coach** — An AI-powered chat guide built with SoFi financial planners to help members budget, save, invest and plan.
- **Composer by SoFi** — A natural-language platform for designing, testing and automating rules-based investing strategies.
- **SoFi Small Business Loans** — Loans of up to $250,000 aimed at entrepreneurs and small businesses.
- **SoFi Tech Solutions** — Enterprise processing, core banking, payment-hub, lending, risk and fraud capabilities built from Galileo, Technisys and related assets.

## Achievements

- Pioneered refinancing across both federal and private student loans in 2012.
- Raised a $1 billion Series E in 2015, then an unusually large single funding round for fintech.
- Acquired Galileo for $1.2 billion in 2020 and Technisys for approximately $1.1 billion in 2022.
- Began trading on Nasdaq under SOFI in June 2021.
- Received approval to operate a national bank in 2022 through the Golden Pacific transaction.
- Reached its first full year of GAAP profitability in 2024.
- Reported 15.8 million members, 24.4 million products and $45.5 billion in deposits at June 30, 2026.
- Reported record Q2 2026 GAAP net revenue of $1.219 billion and net income of $156.6 million.
- Launched SoFiUSD, described by the company as the first stablecoin issued by a U.S. national bank on a public blockchain.
- Ranked first in the J.D. Power 2026 U.S. Investor Satisfaction Study for DIY investors.

## Latest updates

- **2026-07** — Reported Q2 GAAP net revenue of $1.219 billion, net income of $156.6 million, 15.8 million members and 24.4 million products; raised full-year adjusted net revenue guidance to $4.75-$4.85 billion.
- **2026-07** — Launched the Social 50 Income ETF, combining stocks popular among SoFi self-directed accounts with an actively managed options strategy.
- **2026-06** — Introduced small business loans with amounts up to $250,000.
- **2026-06** — Launched Composer by SoFi, an AI-powered tool for creating, testing and automating investing strategies in plain language.
- **2026-06** — Introduced SoFi Coach, a planner-informed AI financial guide; by Q2 it had generated nearly half a million conversations with more than 90% positive feedback.
- **2026-05** — Made SoFiUSD available for members to buy, sell, hold and convert in the SoFi app on Ethereum and Solana.
- **2026-04** — Launched Big Business Banking for regulated fiat and crypto banking, with an initial ecosystem spanning digital-asset and payments firms.
- **2026-03** — Announced a Mastercard partnership to explore SoFiUSD settlement across Mastercard's network.

## Links

- Website: https://www.sofi.com
- LinkedIn: https://www.linkedin.com/company/sofi
- Twitter/X: https://twitter.com/SoFi
- YouTube: https://www.youtube.com/@SoFi
- Instagram: https://www.instagram.com/sofi
- Facebook: https://www.facebook.com/SoFi
- TikTok: https://www.tiktok.com/@sofi

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Profile page: https://yespress.io/sofi
Published by YesPress — https://yespress.io
Last updated: 2026-08-13