SoFi Looks Ahead to 2020
Earlier today, SoFi hosted a small group of press to talk about what we accomplished in 2019 and what we have planned for 2020 with our CEO Anthony Noto—while getting a chance to show off our shiny new digs in downtown San Francisco. We thought you might be curious to hear what he talked about, too!
2019 was an epic year for SoFi. It was the year we propelled ourselves from mainly a desktop lending company to a full-service financial provider. Some of our favorite highlights include:
• We announced a $500M strategic growth investment led by Qatar Investment Authority.
• We took the field with a little project we’re calling SoFi Stadium.
So, What’s Next?
A whole lot. Though student loan debt has climbed to a record $1.6T, we don’t want it to hold you back from doing things like buying homes and investing. This year, we’re doubling down on our mission of helping you achieve financial independence to realize your ambitions!
While 2019 was the year of launches, 2020 is the year we make these products even better on all fronts—speed, selection, content, and convenience. That means making it easier than ever to borrow, save, spend, invest, and protect your money with SoFi.
One of the ways this goal comes to life is in working with the right partners to bring you the best in technological innovation, security, and enhanced benefits. That’s why we’ve announced today that we’re working with Mastercard on a multifaceted partnership to offer a suite of products and in-person experiences to our members.
The partnership will initially focus on the SoFi Checking and Savings™ debit card, for which Mastercard will now be the exclusive card network.
With Mastercard, we will leverage their stellar payments network to develop new products, benefits, and experiences for you. As part of the new partnership, Mastercard will also be the exclusive card network for SoFi’s upcoming credit card product. Members holding certain SoFi and Mastercard products will be able to take advantage of an enriched fan experience at SoFi Stadium, opening in Los Angeles later this year.
We’re very excited for what 2020 will bring, and we’re as grateful as ever that you’re here with us! Keep checking this space to learn more about what’s to come.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC), and by SoFi Lending Corp. NMLS #1121636 , a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law (License # 6054612) and by other states. For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Checking and Savings
SoFi Money is a cash management account, which is a brokerage product, offered by SoFi Securities LLC, member FINRA / SIPC .
SoFi Bank Debit Card issued by The Bancorp Bank.
SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
Advisory services are offered through SoFi Wealth, LLC a registered Investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. “SoFi Invest” is the brand name for: (1) brokerage products and services offered through SoFi Securities LLC (SFS) Member FINRA/SIPC including SoFi Checking and Savings®, (2) advisory services offered through SoFi Wealth LLC (SFW) an SEC Registered Investment Adviser, and (3) cryptocurrency services offered through SoFi Digital Assets, LLC (SDA). SFS, SFW, and SDA are affiliated companies under the common control of Social Finance, Inc. (SoFi).