SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company has targeted 30% member growth and 20% revenue growth.
SoFi says it has added “crypto-powered capabilities” to its digital financial services. [contact-form-7] The company announced the new addition to its services Wednesday (June 25), saying it would be the first of many new cryptocurrency and blockchain-related offerings.
SoFi Technologies stock is up 27% since the initial $20 target, fueled by $315M in fee-based revenue, up 67% YoY. Fee income now represents 41% of total revenue, with strong growth in interchange, loan platform, and FSPL segments. Q2 FY 2025 guidance calls for $801.94M revenue and $0.06 EPS, with 6 upward EPS revisions and 7 revenue upgrades.
SAN FRANCISCO--(BUSINESS WIRE)--SoFi is expanding its one-stop shop for digital financial services with new crypto-powered capabilities that will enable members to borrow, save, spend, invest, and protect their money in entirely new ways. We're building a future where people can seamlessly send money around the world and have the tools and education to safely use crypto and digital assets to ge...
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