SoFi - News, Articles & Research

SoFi to buy cloud-based banking platform Technisys for $1.1bn

Online lender SoFi Technologies has agreed to buy cloud-native core banking platform Technisys in an all-stock deal worth around $1.1 billion.

22 February 2022

News/regulation

SoFi gets approval to become a bank

Online lender SoFi Technologies has received approval from US regulators to become a bank holding company.

20 January 2022

Company announcement/retail

SoFi and Pagaya team up

Pagaya Technologies Ltd. (“Pagaya”), a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.

18 October 2021

News/people

Derek White swaps Google Cloud for Galileo

After less than a year as head of Google Cloud's FS business, Derek White is joining SoFi-owned API and payments platform Galileo as CEO.

09 June 2021

Company announcement/payments

Galileo opens Latin American HQ and innovation centre in Mexcico

Galileo, the API standard for card issuing and digital banking and a leading technology platform subsidiary of Social Finance, Inc. (SoFi), today announced the opening of a Latin America headquarters and innovation center in the iconic Torre Reforma building in Mexico City.

12 March 2021

Company announcement/payments

SoFi launches credit card

SoFi, the digital personal finance company, announced today the broad launch of its first-ever credit card, designed to incentivize healthy financial habits and further its mission to help people get their money right.

10 March 2021

News/regulation

SoFi to buy community lender to accelerate bank charter application

Online lender Social Finance (SoFi) has agreed to buy Californian community bank Golden Pacific for $22.3 million in an effort to speed up the process of obtaining a bank charter.

09 March 2021

News/retail

SoFi nears deal to go public via Spac - Reuters

Online lender SoFi is closing on a deal to go public via a merger with special purpose acquisition company (Spac), Social Capital Hedosophia Holdings Corp V, according to Reuters.

08 January 2021

News/regulation

SoFi wins preliminary approval for US national bank charter; launches credit card

Online lender Social Finance has received prelimary approval from the US Office of the Comptroller of the Currency over its application for a national bank charter and launched its first credit card.

29 October 2020

Company announcement

SoFi builds social network

SoFi, the digital personal finance company, announced today the launch of its social trading and investing features within SoFi Invest, including the ability to follow friends, family, and other SoFi members on their investing journeys, all within the full SoFi experience.

14 October 2020

Company announcement/retail

SoFi partners Xignite on trading platform

Xignite, a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of a collaboration with leading digital personal finance company SoFi on the launch of the SoFi Invest trading platform.

19 August 2020

Company announcement/payments

Samsung Money by SoFi goes live

Samsung Electronics America, Inc., announced that starting today, consumers in the U.S. can sign-up for and access Samsung Money by SoFi: a mobile-first money management experience.

23 July 2020