Financial Services revenue surged 41% to $429 million as members grew 35% to 14.7 million users. Existing members opened 43% of new products, validating SoFi's cross-selling flywheel and increasing lifetime customer value. Loan Platform Business originated $3 billion while securing $3.6 billion of new institutional funding commitments.
The Market Is Missing SoFi Technologies' Next Chapter
Source: Seeking Alpha