SoFi Technologies, Inc. provides digital financial services. It operates through three reportable segments: Lending, Financial Services, and Technology Platform. The company's financial services allow its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and other related services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services. The company was incorporated in 2020 and is based in San Francisco, California.
Q2 Earnings: - Revenue up 101% ($237M vs $215-220M guidance) - Members up 113% to 2.6M - Products up 123% to 3.7M - Galileo accounts up to 79M - Q3 Revenue guidance at $245-255
