SoFi Expands Loan Platform Business with $2 Billion Agreement with Fortress Investment Group
14 Octubre 2024 - 7:00AM
Business Wire
SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric,
one-stop shop for digital financial services that helps members
borrow, save, spend, invest and protect their money, today
announced a $2 billion loan platform business agreement for
personal loans with funds managed by affiliates of Fortress
Investment Group LLC (“Fortress”). The agreement will expand SoFi’s
capabilities in its loan platform business, where the company
refers pre-qualified borrowers to loan origination partners as well
as originates loans on behalf of third parties.
“SoFi’s loan platform business is an important part of our
strategy to serve the financial needs of more members and diversify
toward less capital-intensive and more fee-based sources of
revenue,” said Anthony Noto, CEO of SoFi. “We’re pleased to see
continued strong demand for SoFi’s loan platform business.
Fortress’ collaboration, seamless execution, and appreciation of
the platform's value proposition makes them an exceptional
partner.”
“Fortress is pleased to partner with SoFi to support the growth
of the company’s loan platform business,” added Dominick Ruggiero,
Co-Head of Specialty Finance at Fortress. “SoFi’s platform – and
its focus on innovation and providing valuable credit solutions to
its members – create a compelling investment opportunity for
Fortress’s funds. We are excited about building a mutually
beneficial partnership with SoFi.”
About SoFi
SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for
digital financial services on a mission to help people achieve
financial independence to realize their ambitions. The company’s
full suite of financial products and services helps its nearly 8.8
million SoFi members borrow, save, spend, invest, and protect their
money better by giving them fast access to the tools they need to
get their money right, all in one app. SoFi also equips members
with the resources they need to get ahead – like credentialed
financial planners, exclusive experiences and events, and a
thriving community – on their path to financial independence.
SoFi innovates across three business segments: Lending,
Financial Services – which includes SoFi Checking and Savings, SoFi
Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and
Technology Platform, which offers the only end-to-end vertically
integrated financial technology stack. SoFi Bank, N.A., an
affiliate of SoFi, is a nationally chartered bank, regulated by the
OCC and FDIC and SoFi is a bank holding company regulated by the
Federal Reserve. The company is also the naming rights partner of
SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles
Rams. For more information, visit SoFi.com or download our iOS and
Android apps.
About Fortress
Fortress Investment Group LLC is a leading, highly diversified
global investment manager. Founded in 1998, Fortress manages $48
billion of assets under management as of June 30, 2024, on behalf
of approximately 2,000 institutional clients and private investors
worldwide across a range of credit and real estate, private equity
and permanent capital investment strategies. For more information,
visit Fortress.com.
The Fortress Asset-Based Credit business provides capital
solutions to specialty finance companies, lending against and
investing in a broad spectrum of consumer receivables, small
commercial receivables and other contractual cash flow streams.
With over two decades of experience as an active investor in the
space, the team focuses primarily on originating businesses in the
US and Europe with an asset class agnostic approach.
Availability of Other Information About SoFi
Investors and others should note that we communicate with our
investors and the public using our website (https://www.sofi.com),
the investor relations website (https://investors.sofi.com), and on
social media (Twitter and LinkedIn), including but not limited to
investor presentations and investor fact sheets, Securities and
Exchange Commission filings, press releases, public conference
calls and webcasts. The information that SoFi posts on these
channels and websites could be deemed to be material information.
As a result, SoFi encourages investors, the media, and others
interested in SoFi to review the information that is posted on
these channels, including the investor relations website, on a
regular basis. This list of channels may be updated from time to
time on SoFi’s investor relations website and may include
additional social media channels. The contents of SoFi’s website or
these channels, or any other website that may be accessed from its
website or these channels, shall not be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended.
SOFI-F
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241014457720/en/
For SoFi: PR@sofi.org For Fortress: Media@fortress.com
SoFi Technologies (NASDAQ:SOFI)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
SoFi Technologies (NASDAQ:SOFI)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024