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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

San FranciscoFinancial Services

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.

Company Information

Company

SoFi

Location

234 1st Street

San Francisco, California, United States

About

SoFi’s mission is to help our members achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our three and a half million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi 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.

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