SoFi Technologies, Inc. is a financial services company offering a range of products in North and South America, and Asia. Its operations are divided into three segments: Lending, Technology Platform, and Financial Services.
Lending Segment: SoFi provides personal, student, and home loans, along with related services. This segment caters to the borrowing needs of its members.
Technology Platform Segment: This segment includes Galileo, a technology platform serving financial and non-financial institutions. It also comprises Technisys, a cloud-based digital and core banking platform offering software licenses and services like implementation and maintenance.
Financial Services Segment: SoFi offers various financial products and services:
- SoFi Money: Provides checking and savings accounts and cash management tools.
- SoFi Invest: A mobile-first investment platform offering trading and advisory solutions, including robo-advisory services.
- SoFi Credit Card: Offers cash back rewards on purchases.
- SoFi Relay: A personal finance management tool that allows users to track their financial accounts, credit scores, and spending habits.
- SoFi Protect: Offers insurance products.
- SoFi Travel: Facilitates travel search and booking.
- SoFi At Work: Provides employee financial benefits, such as student loan repayment assistance.
SoFi also operates Lantern Credit, a financial services marketplace for comparing and seeking alternative financial products. Additionally, it offers lending as a service, providing pre-qualified borrower referrals and loans to third-party partners.
Founded in 2011, SoFi Technologies, Inc. is headquartered in San Francisco, California.