Wallets/sofi
SoFi
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Overview
SoFi (Social Finance Inc.) is a US neobank + lending + investing all-in-one fintech with OCC national bank charter [1, 2, us-cro]. 2026 baseline: 15M+ SoFi members; FY2025 (year-ended Dec 31 2025): $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity; May 2026 SoFiUSD bank-issued stablecoin rollout to all 15M+ SoFi retail banking members; Apr 2026 SoFi Big Business Banking launch (fiat + crypto for businesses); Apr 2026 SoFi Loan Platform Business +$3.6B agreements.
Distinctive SoFi positioning [1, 2, 3, 4]:
- US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022)
- 15M+ SoFi members (2026)
- FY2025: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity
- May 2026 SoFiUSD bank-issued stablecoin rollout to all 15M+ SoFi retail banking members — distinctive US neobank stablecoin innovation
- Apr 2026 SoFi Big Business Banking launch (fiat + crypto for businesses) — distinctive US business banking + crypto integration
- Apr 2026 SoFi Loan Platform Business +$3.6B agreements — distinctive SoFi loan platform expansion
- 2011 founding by Stanford University students (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady) — distinctive Stanford alumni fintech heritage
- Jan 2022 SoFi Bank N.A. OCC national bank charter — distinctive US neobank-to-national-bank conversion via Golden Pacific Bank acquisition
History
2011 — SoFi (Social Finance Inc.) founded by Mike Cagney + Dan Macklin + James Finnigan + Ian Brady as Stanford Graduate School of Business student-loan refinancing pilot — distinctive Stanford alumni fintech heritage.
2017 — SoFi mobile app launches as fintech super-app.
Jun 1 2021 — SoFi public listing via SPAC merger with Social Capital Hedosophia V (NASDAQ: SOFI).
Jan 2022 — SoFi Bank N.A. OCC national bank charter via Golden Pacific Bank $22.3M acquisition — distinctive US neobank-to-national-bank conversion.
FY2025 (year-ended Dec 31 2025): $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity [4].
Apr 2026 — SoFi Big Business Banking launch (fiat + crypto for businesses); SoFi Loan Platform Business +$3.6B agreements; May 2026 SoFiUSD bank-issued stablecoin rollout to all 15M+ SoFi retail banking members [2, 3].
2026: 15M+ SoFi members.
Ownership & operator
Operating entity: SoFi Technologies Inc. (NASDAQ: SOFI).
Major shareholders: Anthony Noto (CEO; ex-Twitter COO + ex-Goldman Sachs Internet equity research head) + SoftBank Vision Fund + Silver Lake + ARK Invest + Renaissance Capital + public float (post-Jun 1 2021 SPAC listing).
Regulators: OCC (US Office of the Comptroller of the Currency; SoFi Bank N.A. national bank charter Jan 2022) + SEC + FINRA + state-level securities + banking regulators.
Technical integration
SoFi mobile app (iOS + Android) + sofi.com web + SoFi Money (checking + savings) + SoFi Invest (stocks + ETFs + crypto + IPO access) + SoFi Loans (personal + student + mortgage + auto) + SoFi Credit Card + SoFi Insurance + SoFi Relay (multi-account aggregation) + SoFi Estate Planning; SoFiUSD bank-issued stablecoin (May 2026 rollout) + SoFi Big Business Banking (Apr 2026 fiat + crypto for businesses) + SoFi Loan Platform Business; SoFi divisions: lending + technology platform (Galileo + Technisys post-2022 acquisitions) + financial services.
Users & growth
2026: 15M+ SoFi members; FY2025: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity.
Use cases
US neobank + lending + investing all-in-one fintech via SoFi mobile + sofi.com web; SoFi Money + SoFi Invest + SoFi Loans + SoFi Credit Card + SoFi Insurance + SoFi Relay + SoFi Estate Planning; SoFiUSD bank-issued stablecoin (distinctive US neobank stablecoin innovation) + SoFi Big Business Banking (fiat + crypto for businesses) + SoFi Loan Platform Business.
Implementations & partners
Operator: SoFi Technologies Inc. (NASDAQ: SOFI); Anthony Noto CEO; SoftBank Vision Fund + Silver Lake + ARK Invest + Renaissance Capital + public float.
Subsidiaries: SoFi Bank N.A. (OCC national bank charter Jan 2022 via Golden Pacific Bank $22.3M acquisition) + Galileo Financial Technologies (post-Apr 2020 $1.2B acquisition; banking-as-a-service technology platform) + Technisys (post-Feb 2022 $1.1B acquisition; Latin American digital banking core) + SoFi Securities LLC (SEC + FINRA broker-dealer) + SoFi Wealth LLC + SoFi Digital Assets LLC (crypto subsidiary).
Major US neobank + lending + investing competitors: [[chime]] (US #1 neobank by active users) + [[varo]] (US neobank with national bank charter) + [[current]] (US neobank for Gen Z) + [[ally-bank]] (US online bank; post-2009 GMAC conversion) + [[discover]] (US credit card + online bank) + [[credit-karma]] ([[intuit]] subsidiary post-2020 $7.1B acquisition) + [[robinhood]] (US #1 by app users) + [[etoro]] (global social trading + May 14 2025 NASDAQ IPO) + [[webull]] (US commission-free + Chinese fintech US brokerage + Apr 11 2025 NASDAQ SPAC listing).
Regulators: OCC + SEC + FINRA + state-level.
Fun facts
- US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022).
- 15M+ SoFi members (2026).
- FY2025: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity.
- May 2026 SoFiUSD bank-issued stablecoin rollout to all 15M+ SoFi retail banking members — distinctive US neobank stablecoin innovation.
- Apr 2026 SoFi Big Business Banking launch (fiat + crypto for businesses) — distinctive US business banking + crypto integration.
- 2011 founding by Stanford University students (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady) — distinctive Stanford alumni fintech heritage.
- Jan 2022 SoFi Bank N.A. OCC national bank charter via Golden Pacific Bank $22.3M acquisition.
- Apr 2020 Galileo $1.2B acquisition + Feb 2022 Technisys $1.1B acquisition — distinctive SoFi banking-as-a-service technology platform expansion.
Comparison
| Feature | SoFi | [[chime]] (US #1 neobank by active users rival) | [[varo]] (US neobank with national bank charter rival) | [[ally-bank]] (US online bank; post-2009 GMAC conversion rival) | [[robinhood]] (US #1 by app users + commission-free pioneer rival) |
|---|---|---|---|---|---|
| Operator | SoFi Technologies Inc. (NASDAQ: SOFI) | Chime Financial Inc. (NASDAQ: CHYM; post-Jun 2025 NASDAQ IPO) | Varo Bank N.A. (privately-held; OCC national bank charter since 2020) | Ally Financial Inc. (NYSE: ALLY; post-2009 GMAC conversion) | Robinhood Markets Inc. (NASDAQ: HOOD) |
| Type | US neobank + lending + investing all-in-one fintech with OCC national bank charter + 15M+ members + SoFiUSD stablecoin + SoFi Big Business Banking + Galileo + Technisys banking-as-a-service | US #1 neobank by active users (~38M+ Chime members) + spotme distinctive overdraft protection + Bancorp Bank + Stride Bank partnerships (no national bank charter) | US neobank with OCC national bank charter (2020; first US neobank to receive national bank charter from OCC) | US online bank post-2009 GMAC conversion + Ally Auto Finance + Ally Invest | Most-used US stock trading app + 10.8M users + crypto + Bitstamp + UK + EU expansion |
| Country | US | US | US | US + CA | US + GB + AU |
| Distinctive | 2011 founding by Stanford University students (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady); Jun 1 2021 SPAC public listing; Jan 2022 SoFi Bank N.A. OCC national bank charter via Golden Pacific Bank $22.3M acquisition; Apr 2020 Galileo $1.2B + Feb 2022 Technisys $1.1B banking-as-a-service technology platform acquisitions; May 2026 SoFiUSD bank-issued stablecoin rollout; Apr 2026 SoFi Big Business Banking launch + +$3.6B Loan Platform Business agreements | 2013 founding by Chris Britt + Ryan King; Jun 12 2025 NASDAQ IPO (CHYM ticker; $864M raised) | 2015 founding by Colin Walsh + Mykola Klymenko; 2020 OCC national bank charter (first US neobank to receive national bank charter from OCC) | 1919 General Motors Acceptance Corporation (GMAC) founding; 2009 conversion to Ally Financial post-GM bankruptcy; 2014 NYSE IPO | 2013 founding by Vlad Tenev + Baiju Bhatt; Mar 2015 mobile app; Jul 29 2021 NASDAQ IPO |
Status
Active, US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022) [1, 2, 3, 4]:
- SoFi Technologies Inc. (NASDAQ: SOFI) since 2011 founding by Stanford University students + Jun 1 2021 SPAC public listing + Jan 2022 SoFi Bank N.A. OCC national bank charter.
- 15M+ SoFi members (2026); FY2025: $3.61B revenue + $481M net income + $50.66B total assets.
- Apr 2020 Galileo $1.2B + Feb 2022 Technisys $1.1B banking-as-a-service technology platform acquisitions.
- May 2026 SoFiUSD bank-issued stablecoin rollout + Apr 2026 SoFi Big Business Banking launch + +$3.6B Loan Platform Business agreements.
- OCC + SEC + FINRA + state-level regulated.
Sources
- 1 SoFi — official
- 2 SoFi — Wikipedia
- 3 SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members — The Defiant
- 4 SoFi Technologies, Inc. (SOFI): A Deep Dive into the Digital Finance Disruptor — Financial Content
- us-cro In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from sofi.md. See matrix.md for standards-support matrix if present.