Dark
Light

SoFi Tech leaps into alternative investments, expanding its financial offerings.

1 min read
75 views

TLDR: SoFi Technologies, a fintech firm, has expanded its financial offerings to include mutual funds, money market funds, and some alternative investment funds. The company will allow its SoFi Invest members to invest in over 6,000 different mutual funds and gain access to funds managed by ARK, Carlyle, KKR, and Franklin Templeton. SoFi Invest allows customers to buy and sell shares in the open market without commissions or minimum balance requirements. SoFi reported a 44% year-over-year growth in membership and swung to a profit of 2 cents per share in its fourth-quarter results. Shares of the company surged 21.8% in early trading after the announcement.

Keywords: SoFi Technologies, fintech, financial offerings, mutual funds, money market funds, alternative investment funds, SoFi Invest, membership growth, profitability, shares

Previous Story

Kurdistan Bank goes digital with Azentio’s iMAL software.

Next Story

Get the scoop: Fintech Nexus Newsletter reveals Blue Ridge Bank’s troubled condition

Latest from News