Welcome to our dedicated page for Sofi Technologies news (Ticker: SOFI), a resource for investors and traders seeking the latest updates and insights on Sofi Technologies stock.
SoFi Technologies, Inc. (NASDAQ: SOFI) is frequently in the news as a digital financial services company that describes itself as a one-stop shop for borrowing, saving, spending, investing, and protecting money in a single app. News about SoFi often highlights its product launches, technology initiatives, capital markets activity, and partnerships that expand access to financial services.
On this page, readers can follow coverage of SoFi’s announcements across consumer banking, lending, investing, and crypto. Recent press releases have described the launch of SoFi Crypto, which allows members to buy, sell, and hold cryptocurrencies through SoFi Bank, N.A., and the introduction of SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. News has also covered the SoFi Smart Card, an all-in-one account that combines elements of checking, savings, debit, and credit products, as well as new employee benefits that support early investing for employees’ children.
Investors can also track SoFi’s capital markets updates, including underwritten public offerings of common stock and related use-of-proceeds disclosures, along with Form 8-K items that report quarterly financial results. Other news items highlight SoFi’s role in alternative investments through partnerships such as the Cashmere Fund and its collaboration with Templum to provide access to private company investment opportunities.
By reviewing the news feed for SOFI, users can see how SoFi communicates about its mission to help people achieve financial independence, its expansion into crypto and stablecoin infrastructure, and the evolution of its technology platform Galileo. Bookmark this page to monitor ongoing developments, product announcements, and regulatory and capital markets disclosures that the company releases through official channels.
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Central Payments has announced a long-term renewal of processing services with Galileo Financial Technologies, a key player in the embedded finance sector. This agreement aims to enhance the processing capabilities of their Open*CP Fintech API Marketplace, ensuring robust support for enterprise clients looking to launch transformative financial products. Central Payments emphasizes its commitment to empowering choice among top industry providers through this extended partnership, which is pivotal for the future of embedded payments. The Chief Revenue Officer of Galileo noted the transformative impact of their API-forward approach on delivering innovative financial services.
SoFi Technologies, Inc. (NASDAQ: SOFI) announced a conference call to discuss its financial and operating results for Q1 2023, scheduled for May 1, 2023, at 8 a.m. Eastern Time. The results will be released on its investor relations website at approximately 7 a.m. Eastern Time on the same day. Investors can pre-register for the call via an online link. A webcast of the call will be available along with a replay post-event. SoFi aims to help over 5 million members achieve financial independence through its range of products.
SoFi Technologies (NASDAQ: SOFI) announced its acquisition of Wyndham Capital Mortgage, a leading fintech mortgage lender, in an all-cash transaction. This strategic move is designed to enhance SoFi's mortgage growth and operational efficiencies, while expanding its suite of mortgage products for members. The acquisition is expected to be accretive within six months, although it is not anticipated to materially impact SoFi’s financial outlook for 2023. Wyndham Capital’s fully digital mortgage platform is set to improve unit economics and reduce reliance on third-party processes, ultimately aiming to support SoFi's mission of helping members navigate significant financial decisions.
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