SoFi Expands Access to Alts through New Partnership with Templum: Cosmos Fund, with Sole Exposure to SpaceX, Pomona Investment Fund, and StepStone Private Markets Fund
Company Expands Access to Include Three New Funds in Response to Increasing Interest in Alternative Asset Classes from Retail Investors, Broadening Private Market Exposure
In a recent survey of five thousand retail investors, SoFi found that more than
“Historically, the retail investor community has had few opportunities to invest in privately held companies, but we firmly believe in broadening access to potentially valuable opportunities,” said Anthony Noto, CEO of SoFi. “Today marks yet another milestone on our path to helping SoFi members achieve financial independence by giving them an opportunity to invest in some of today’s most sought after privately held companies.”
“These private alternative asset offerings represent an exciting step in our partnership with SoFi, enabling their members to access a broader range of investment strategies,” said Chris Pallotta, CEO and Founder of Templum. “Templum’s technology, compliance-focused framework, and deep expertise in alternatives enable us to bring some of the most sought-after private investments to a new generation of investors."
Today’s news marks the latest innovation SoFi has taken to empower its members with expanded access to diverse investment opportunities, including: its early 2024 launch of alternative funds on the SoFi Invest platform, a new SoFi Robo Investing offering – announced last month – and now, an expanded selection of alternative funds.
SoFi Invest members who are interested in learning more about accessing Templum’s offerings of the Cosmos Fund (with sole exposure to SpaceX), Pomona Investment Fund, and the StepStone Private Markets fund can find information in the Invest section of the SoFi App. At this time, these investments are limited to accredited investors.
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 9.4 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.
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi Securities, LLC (“SoFi Invest”) has a referral arrangement with Templum Markets, LLC (“Templum”), allowing eligible SoFi Invest members to access certain special purpose vehicles (“SPVs”) and private investment funds through Templum. Templum charges a purchase fee of up to
About Templum
Templum’s scalable infrastructure solutions are transforming access, processes and investment choice in alternative assets, making them as easy to invest in as public markets. Templum operates three core business lines:
- Templum One is an innovative global ecosystem for private markets that connects alternative and private market issuers with a growing network of partners who want to offer their end investors access to the world’s most sought-after private assets.
- Templum Marketplace Solutions enable private issuers and asset managers to automate processes, integrate siloed operations, and accelerate time-to-market.
- Templum Applications Suite provides essential solutions to optimize back office and operational processes, saving businesses time, money and resources.
All securities offered by Templum Markets LLC., a wholly owned broker-dealer and Alternative Trading System (ATS) subsidiary of Templum, Inc., which is approved to operate in 53 U.S. states and territories. For more information, please visit www.templuminc.com.
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1 Retail Investor Survey Led by SoFi in Partnership with Centiment, July 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204901332/en/
MEDIA CONTACTS
For SoFi
Meghan Brown
PR@sofi.org
For Templum
Investor Contact
Templum: sales@templuminc.com
Templum Media Contact
Julie Ros, Chief Marketing Officer
jros@templuminc.com
Source: SoFi Technologies