SoFi Technologies Stocks Price Today (SOFI)
2022.12.29 11:26
An American online bank and personal finance company is SoFi Technologies, Inc. SoFi, with headquarters in San Francisco, offers mobile app and desktop interfaces for a variety of financial services, including refinancing student and auto loans, mortgages, personal loans, credit cards, investing, and banking.
Through school-specific student loan funds, students and recent graduates were connected to alumni and institutional investors through SoFi’s alumni-funded lending model.
Borrowers received rates that were lower than those offered by the federal government, and investors received a financial return. By concentrating on graduates and students at low risk, the company aimed to reduce defaults.
A non-traditional underwriting strategy focused on lending to financially responsible individuals replaced SoFi’s alumni-funded model as the company’s product offerings expanded to include mortgages, mortgage refinancing, and personal loans.
Additionally, they provide checking accounts for cash management and an investment platform with brokerage and robo-advisor services.
