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SoFi Expands Loan Platform Business with $2 Billion Agreement with Fortress Investment Group
Oct 14, 2024•over 1 year ago
Contract Type
agreement
Description
SoFi Technologies, Inc. announced a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group LLC. 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.
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months