SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
agreement for personal loans with funds managed by affiliates of Fortress Investment Group ("Fortress"). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024 SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus. The total commitment provided by Fortress for SoFi's Loan Platform Business has now reached over $5 billion. "Our continued collaboration with Fortress is a testament to the success, strength and scalability of our Loan Platform Business," said Anthony Noto, CEO of SoFi. "The additional $3.2 billion commitment helps us better meet borrower demand for personal loans while moving SoFi towards less capital-intensive and more fee-based sources of revenue. We're building strong momentum for our Loan Platform Business in 2025 and beyond." "The extension of our partnership with SoFi is a
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SOFI
Earnings
- 10/28/25 - Beat
SOFI
Sec Filings
- 12/16/25 - Form 144
- 12/16/25 - Form 144
- 12/16/25 - Form 144
- SOFI's page on the SEC website