SoFi

Four and a half years after SoFi acquired a bank, it landed 47th on the list of largest U.S. banks by deposits.

The digital bank announced a collaborative partnership with the crypto exchange platform as it continues to expand its overall digital asset strategy.

JPMorganChase has recently teamed up with Ohio State, and SoFi has partnered with Notre Dame, in big-money deals that weren't allowed before this year.

The lender reported a 40% increase in net revenue, but operating expenses and an uncertain interest rate environment held it back from increasing outlooks.

Together with CEO Anthony Noto, the CTO is capitalizing on a "technology super cycle" dominated by blockchain, digital assets and AI. That gave rise to the SoFiUSD stablecoin.

In 2025, the online bank hit 13.7 million members and generated $3.6 billion in revenues—up 38% year-over-year. And it's all-in on crypto.

The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.

The neobank was bullish on cryptocurrency and stablecoins, which could provide tailwinds as it looks to launch new products including crypto-based lending, institutional trading, and correspondent payments and settlements via stablecoins.

The company appears to be the first nationally chartered bank to offer crypto trading and traditional banking in the same app.

The challenger bank in the third quarter launched Cash Coach, an AI-powered customer insights engine that helps consumers optimize earned interest in deposit accounts and minimize interest charges on credit cards. SoFi plans to roll out a "more comprehensive" SoFi Coach that incorporates all areas of financial services as part of its strategy to rival banks.

After leaving Wall Street's expectations in the dust, the San Francisco-based fintech dialed up its outlook for the rest of 2025. And as regulators warm to crypto, SoFi sees opportunities for years to come.

The challenger bank exceeded analysts' expectations in income, revenue and earnings per share.

The San Francisco-based fintech reported record adjusted net revenue of $689 million for the third quarter, fueled by a 64% jump in its financial services and tech platform segments.

Derek White, former financial services head for Google Cloud, wants to take Galileo — the SoFi unit that provides tech services to challenger banks — international and into new niches outside banking.

The acquisition of Golden Pacific Bank will accelerate the online lender’s effort to become a full-service bank.

The deal between San Francisco-based lender and Social Capital Hedosophia Holdings Corp. V is latest example of a closely held firm going public by merging with a special purpose acquisition company.

Figure Technologies, the home equity lender founded by the former CEO of SoFi, is seeking a national bank charter so it can offer more products and services while reducing the need for state-by-state licenses.

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base.

Clients of the challenger bank's robo-adviser are able to see one another's trades, add comments and watch a leaderboard of top investors.

The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets. Some banks have embraced the technology, but other blockchain projects have stalled because lenders don't want rivals to see their data.