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US consumers are focused on price and availability amid supply-chain issues and runaway inflation, with brand loyalty secondary.

SoFi + Bitcoin 2022 Afterparty Sweepstakes 

NO PURCHASE OR PAYMENT NECESSARY TO ENTER OR WIN.  

A PURCHASE WILL NOT IMPROVE YOUR CHANCE OF WINNING.

ENTRY INTO THIS SWEEPSTAKES CONSTITUTES YOUR ACCEPTANCE OF THESE OFFICIAL RULES (“RULES”).  SWEEPSTAKES IS GOVERNED BY U.S. LAW AND IS SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS, REGULATIONS, AND ORDINANCES.  

Social Financial Inc. (referred to hereafter also as “Sponsor” or “SoFi”) is solely responsible for all aspects of the SoFi + Bitcoin 2022 Afterparty Sweepstakes Sweepstakes (the “Sweepstakes”).

ENTRY PERIOD:

Sweepstakes begins at 11:00 PM ET on Friday April 8, 2022 and ends at 11:59 PM ET Sunday April 10, 2022 (“Entry Period”).  All entries must be received by 11:59 PM ET Sunday April 10, 2022.

ELIGIBILITY:   

To be eligible for this Sweepstakes, at the time of entry you must be: [1] a legal resident and physically located within, the 50 United States or the District of Columbia (collectively, “Territory”);  [2] 18 years of age or older; [3] a registered user of Twitter or Instagram and its terms of use agreement; [4] not an employee of Sponsor or of its parent, subsidiary, affiliated or successor companies; the advertising, promotional or fulfillment agencies involved in this Sweepstakes (individually and collectively, “Sweepstakes Entities”); nor members of their households or immediate families and [5] willing to have your entry featured and/or published on social media or otherwise distributed, in connection with, or to promote, the Sweepstakes. “Household members” shall mean people who share the same residence at least three months a year.  “Immediate family members” shall mean parents, step-parents, children, stepchildren, siblings, step-siblings, or spouses.

HOW TO ENTER:

To enter via Instagram and/or Twitter: 

(1.) Download the SoFi App 

(2.) Share a picture on Twitter or Instagram from the Bitcoin 2022 LIV SoFi After Party and Tag SoFi and use #SoFiBitcoin2022. Post your tweet or in-feed Instagram post during the Sweepstakes Entry Period. Once properly submitted, the information you supplied together with the tweet you submitted will be considered and referred to herein as your “Twitter Entry, “ and “Instagram Entry” if using Instagram. 

By entering the Sweepstakes, you are agreeing to the Rules.  All entries submitted in accordance with these Rules shall be hereinafter referred to as “Eligible Entries” and all such entries become the property of Sponsor and will not be acknowledged or returned. Any Twitter Account, and/or Instagram Account will be referred to hereafter as “Account.”

If your Account is set to “protected or private mode,” your updates/responses will not be visible to the Sponsor and, therefore, will not be received by the Sponsor, resulting in your failure to enter the Sweepstakes. 

All Entries must be received during the Entry Period. Limit of one (1) Entry per person per Account per day (regardless of whether one person has more than one Account or more than one person use the same Account).

Entry or Entries must be posted by the Account holder and not a retweet or repost of other entrant’s work. Entrants retain ownership of the Entries they submit, however, by submitting an Entry, each Entrant, on behalf of him/herself grants Sweepstakes Entities and/or their agents, a perpetual, fully-paid, irrevocable, non-exclusive license to publish, reproduce, prepare derivative works of, distribute, display, exhibit, transmit, broadcast, televise, digitize, otherwise use, and permit others to use and perform throughout the world the Entry, in whole or in part, in any manner, form, or format now or hereinafter created, including on the Internet, and for any purpose, including, but not limited to, on Sweepstakes Entities’ websites and/or any other advertising or promotion of Sweepstakes Entities all without further consent from or compensation to any Entrant. By submitting an Entry, you agree that Sponsor has no obligation to post or publish your Entry, that all such postings or publication, if any, will be in Sponsor’s sole discretion and that the posting or publication of an Entry does not have any bearing on whether the Entry will be selected as a winner. Without limiting the generality of the foregoing, Entrant agrees that the Entry may be posted and shared by other others in various social media outlets and the Sweepstakes Entities are not responsible for any unauthorized use of Entries by third parties.

If you do not have an Instagram or Twitter account, visit https://www.Instagram.com or https://www.twitter.com and register for free. You must have an electronic device or mobile phone or other wireless that supports the Twitter, Instagram or Facebook applications. Normal Internet access and data usage charges imposed by your online and cell phone service provider will apply. Please contact your participating mobile service provider for pricing plans, participation status and details. 

LIMITATIONS:

By submitting an Entry  in the Sweepstakes, you represent and warrant to Sponsor that the Entry  and everything depicted therein: [1] do not originate from a website unrelated to the Sponsor, magazine, newspaper or other commercial or proprietary source; [2] do not infringe upon or otherwise violate any right of any person, firm or entity; [3] comply with the Rules; [4] do not contain any trademarks, logos, insignia, location signage, photographs, artwork or sculptures or other material (e.g., on props, costumes, background) that would infringe any third party’s copyrights or trademarks; [5] have not previously been submitted in a Sweepstakes or game of chance of any kind or exhibited or displayed publicly through any commercial means; [6] Do not contain material which is (or promotes activities which are) sexually explicit, obscene, pornographic, violent (e.g., relating to murder, the sales of weapons, cruelty, abuse, etc.), discriminatory (based on race, sex, religion, national origin, physical disability, sexual orientation or age), illegal (e.g. underage drinking, substance abuse, computer hacking, etc.), offensive, threatening, profane, harassing, defamatory, libelous, infringing or otherwise objectionable or unlawful as determined by Sponsor in its sole discretion. 

You further represent and warrant to Sponsor that: [1] you have all rights, licenses, permissions and consents necessary to submit the Entry in accordance with the Rules; [2] no person or entity other than you has any right, title or interest in and to any part of the Entry ; (3) you are not subject to any agreement or arrangement that would interfere with your entering this Sweepstakes and granting all the rights granted hereunder or that would conflict with any other documentation required hereunder. Sponsor may, in its sole discretion, disqualify any Entry that Sponsor deems to be in violation of these Limitations at any time. In event of a dispute regarding the identity of the person submitting an Entry, the Entry will be deemed to be submitted by the person whose name appears on Account. Entries by any method other than set forth in the “how to enter” section are void. Any use of automated or programmed methods of spamming Entry is prohibited. Neither the Sponsor, nor any of its officers, directors, shareholders, employees, agents, artists or representatives (individually and collectively, “Releasees”) are responsible for Entries from persons residing, or physically located, outside the Territory; or Entries that are altered, contain the images of more than one person, delayed, deleted, destroyed, forged, fraudulent, improperly accessed, inaccurate, incomplete, interrupted, irregular in any way, late, lost, misrouted, multiple, non-delivered, stolen, tampered with, unauthorized, unintelligible or otherwise not in compliance with these Rules; or for any printing, production, technical, electronic or other errors; or for lost, interrupted or  unavailable network, server or other connections; miscommunications; failed phone or computer hardware or software or telephone transmissions; technical failures; unauthorized human intervention; traffic congestion; garbled or jumbled transmissions; undeliverable emails resulting from any form of active or passive email filtering; insufficient space in entrant’s email account to receive email; or other errors of any kind, whether due to electronic, mechanical or human error or other causes; even if caused by the negligence of any of the Releasees. 

Winners may be required to show proof of being the authorized account holder of the Account associated with the Entry. Any Entrant who attempts to enter with multiple Accounts or under multiple identities will be disqualified. Sponsor is not obligated to communicate with any Entrant during the duration of the Sweepstakes. Void where prohibited or restricted by law. Sweepstakes is subject to all applicable federal, state, local laws and regulations. In the event of a conflict between these Rules and the terms of any social media channel, these Rules will govern.

PRIZES, THEIR CORRESPONDING APPROXIMATE RETAIL VALUES (“ARV”) & ODDS:   

One (1) Grand Prize winners will receive: $5,000 worth of SoFi reward points redeemable in the SoFi app (“ARV”): $5,000  Maximum ARV of all prizes: $5,000 in reward points. 

$5,000 worth of SoFi Rewards Points to winner’s SoFi Member’s Rewards account. SoFi Reward Points may be redeemed for $.01 each into SoFi Money, SoFi Invest, or eligible SoFi loans or for $0.005 for SoFi credit card statement credit and are subject to the terms governing the SoFi Reward Points program, including any pending and/or verification period stipulated by Sponsor. Winner can redeem SoFi Rewards Points through the SoFi mobile phone app. Rewards Points may be redeemed: (I) for any promotional offer listed on the "Redeem Points" page, or (ii) for cash deposited into winner’s SoFi Money Account, shares (fractional or whole shares) credited to your SoFi Invest Account, or cash applied to the outstanding balance of your SoFi Student Loan Refinance or SoFi Personal Loan. Winner cannot redeem SoFi Rewards Points if his or her SoFi Credit Card Account is cancelled or past due. Prizes are not transferable except to a surviving spouse residing in the same household. No substitution allowed except at Sponsor’s sole discretion. The prize cannot be used in conjunction with any other promotion or offer. Odds of winning depend on number of eligible entries received during the Entry Period.

WINNER SELECTION: 

1 Winner will be selected in a random drawing from all Eligible Entries received during the Entry Period. Random drawing will be conducted on or about 4/11/22  by a representative from the Sponsor whose decisions are final. 

WINNER NOTIFICATION/VERIFICATION: 

Potential winners will be notified by by a direct message from the Sponsor’s Instagram or Twitter account to the recipient’s corresponding Account. At the sole discretion of the Sponsor, disqualification, forfeiture and the selection of an alternate winner may result from any of the following: [1] potential winner’s failure to respond to notification within one (1) day after its mailing/transmission; [2] the return of an email notification or message as undeliverable; (3) the receipt  of any other notice or an undeliverable prize; [4] potential winner’s failure to provide  Sponsor with satisfactory proof that he/she is the authorized person of the Account associated with the winning Entry; [5] potential winner’s failure to provide Sponsor with satisfactory proof of age, identity and residency; [6] if applicable, potential winner’s failure to execute and return an Affidavit of Eligibility/Liability/Publicity Release within five  (5) days after its deployment or mailing; [7] potential winner’s failure to claim prize within three  (3) days after s/he is confirmed a winner; and [8] any other non-compliance with Rules. In the event of prize forfeiture, the Sponsor may, in its sole discretion, award or not award the forfeited prize to an alternate winner. 

CONDITIONS: 

By entering this Sweepstakes as an entrant, you agree, represent and warrant that: [1] you will be bound by the Rules and  SoFi’s decisions, which shall be final in all respects; [2] you release and hold harmless the Releasees, Facebook, Instagram and Twitter, from any and all liability for claims, injuries, losses or damages of any kind, including without limitation, death and bodily injury resulting in whole or in part, directly or indirectly, from the Entry, selection or use of a Entry or from the awarding, delivery, acceptance, use, misuse, possession, loss or misdirection of any prize; participation in this Sweepstakes or from any interaction with or downloading of computer Sweepstakes information; [4] a winner’s acceptance of a prize constitutes the grant to Sponsor and assigns of an unconditional right to use winner’s name, address (city and state only), voice, likeness, photograph, biographical and prize information and/or statements about the promotion for any programming. publicity, advertising and promotional purposes without additional compensation, except where prohibited by law; [5] in the event viruses, bugs, unauthorized human intervention, Acts of God, acts or regulations of any governmental or supra-national authority, war, national emergency, accident, fire, riot, strikes, lock-outs, industrial disputes, acts of terrorism or other matters beyond the Sponsor’s reasonable control, corrupt, prevent or impair the administration, security, fairness or proper play of the Sweepstakes, so that it cannot be conducted as originally planned, except where prohibited by law, Sponsor has the right, in its sole discretion, to modify the Rules or to cancel, modify, terminate or suspend the Sweepstakes; and in such event,  to select winners by such method as Sponsor in its sole discretion shall consider equitable; [6] the Releasees are not responsible for typographical or other errors in the offer or administration of the Sweepstakes, including but not limited to: errors in the advertising,  Rules, selection and announcement of the winners and distribution of the prizes; [7] any portion of any prize not accepted or used by any winner will be forfeited; [8] the Releasees are not responsible for any inability of any winner to accept or use any prize (or any portion thereof) for any reason; [9) the Sponsor has the right, in its sole discretion, to disqualify any individual it suspects: to be doing any of the following: (a) tampering or attempting to tamper with the entry process or the operation of the Sweepstakes; (b) violating the Rules and/or the Sponsor’s Privacy Policy; (c) violating any other terms, conditions of use and/or general rules or guidelines of any Sweepstakes property or service or (d) acting in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person; or for any other good cause as determined solely by the Sponsor; and (10) any attempt by any individual to deliberately undermine the legitimate operation of the Sweepstakes is a violation of these Rules as well as criminal and civil laws; and should Sponsor believe or become aware that such an attempt has been, is being, or will be made, it has the right to seek remedies and damages from any responsible individuals to the fullest extent permitted by law, including without limitation criminal prosecution.

ARBITRATION:

This Sweepstakes shall be governed by and interpreted under the laws of the State of California, U.S.A., without regard to its conflicts of laws provisions. Entrant hereby agrees that any and all disputes, claims, causes of action, or controversies (“Claims”) arising out of or in connection with this Sweepstakes shall be resolved, upon the election by Entrant or Sponsor, by arbitration pursuant to this provision and the code of procedures of either the National Arbitration Forum (“NAF”) or the American Arbitration Association (“AAA”), as selected by the Entrant. IF ARBITRATION IS CHOSEN BY ANY PARTY WITH RESPECT TO A CLAIM, NEITHER PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT OR HAVE A JURY TRIAL ON THAT CLAIM. FURTHER, NEITHER SPONSOR NOR ENTRANT WILL HAVE THE RIGHT TO PARTICIPATE IN A REPRESENTATIVE CAPACITY ON BEHALF OF THE GENERAL PUBLIC OR OTHER PERSONS SIMILARLY SITUATED, OR AS A MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO ANY CLAIM SUBJECT TO ARBITRATION. EXCEPT AS SET FORTH BELOW, THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING. NOTE THAT OTHER RIGHTS THAT ENTRANT WOULD HAVE IF ENTRANT WENT TO COURT ALSO MAY NOT BE AVAILABLE IN ARBITRATION. ANY CLAIMS, JUDGMENTS AND/OR AWARDS SHALL BE LIMITED TO ACTUAL OUT-OF-POCKET COSTS ASSOCIATED WITH ENTERING THIS SWEEPSTAKES. ENTRANT HEREBY WAIVES ANY RIGHTS OR CLAIMS TO ATTORNEY’S FEES, INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ENTRANT, WHETHER FORESEEABLE OR NOT AND WHETHER BASED ON NEGLIGENCE OR OTHERWISE. The arbitrator’s authority to resolve Claims is limited to Claims between Sponsor and Entrant alone, and the arbitrator’s authority to make awards is limited to awards to Sponsor and Entrant alone. Furthermore, claims brought by either party against the other may not be joined or consolidated in arbitration with Claims brought by or against any third party, unless agreed to in writing by all parties. No arbitration award or decision will have any preclusive effect as to issues or claims in any dispute with anyone who is not a named party to the arbitration. Notwithstanding any other provision in this Agreement and without waiving either party’s right to appeal such decision, should any portion of this provision be deemed invalid or unenforceable, then the entire provision (other than this sentence) shall not apply. 

PRIVACY:

By entering the Sweepstakes, the information Entrants provide may be sent to promotional partners. Entrants may be contacted by the Sponsor and/or any promotional partners with future promotional offers. Information provided by Entrants to participate in this Sweepstakes is subject to Sponsor’s privacy policy located at www.sofi.com/privacy-policy. 

SPONSOR:

Social Finance, LLC, 234 1St Street, San Francisco CA 94105..

WINNER LIST: 

For name of winner (available after April 15, 2022), send a self-addressed, stamped #10 envelope to: 234 1St Street, San Francisco CA 94105  by April 25, 2022.

This Sweepstakes is in no way sponsored, endorsed or administered by, or associated with Bitcoin, Bitcoin 2022, Instagram, or Twitter.  Any questions, comments or complaints regarding these Sweepstakes must be directed to the Sponsor. 

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1,600 HR Leaders and Employees Surveyed Reveal Financial Well-Being Benefits as an Untapped Driver of Improving Performance, Employee Experience

SAN FRANCISCO – March 30, 2022 – Three out of four U.S. workers (75%) are facing at least one source of major financial stress¹ and more than half (51%) felt more stressed about their finances in 2021 than ever before², according to new research published today by SoFi at Work – a leading holistic, financial well-being and education assistance benefits Partner to more than 1,000 organizations – and Workplace Intelligence, an HR research and advisory firm. As a result of this increased stress, employees are pivoting their personal and professional lives – with some taking on second, part-time jobs (25%), while others opt to carry higher credit card debt (25%) or tap into retirement savings (19%)³ – and employees are spending a weekly average of 9.2 hours⁴ on their personal finances, while at work.

But there’s widespread optimism across the workforce that 2022 will be a year of positive change when it comes to personal finance progress, with more than 9/10 (91%) of employees confirming they’ve committed to improving their financial well-being by setting financial goals for 2022⁵. Perhaps even more important is the increased budget that 75% of employers plan to put toward financial well-being benefits programs within the next two years⁶ in order to ensure employees have the tools they need to reach those goals.

SoFi conducted the study – which was based on 1,600 responses from 800 HR business leaders and 800 full-time employed workers from across industries, locations, and job types – to understand what role financial well-being plays (or could play) in employees’ work-life, and to help employers gauge how certain benefits – such as employer contributions toward student loan debt, financial literacy tools, emergency savings account access, and more – might impact the broader business and employee experience at their organizations.

The findings revealed that improving employees’ financial well-being could have a ripple effect in driving increased worker productivity (86%), desire to stay with their employer (86%), job satisfaction and engagement at work (84%), ability to focus (84%), as well as improved mental (84%) and physical (80%) health⁷.

The report also revealed less obvious, but equally impactful, areas where employers have an opportunity to provide more holistic financial well-being support for employees – whether that’s through comprehensive education assistance programs, or more cutting-edge integrations that employees across industries are expressing interest in – like the option to receive performance rewards in the form of NFTs (42%) or be paid in cryptocurrency (36%).

Other key trends and supporting data points from the new report, “The Future of Workplace Financial Well-Being,” – which can be downloaded here – include:

• Workers are stressed about finances: This stress has worsened their sleep (38%), mental health (36%), physical health (27%), ability to focus at work (23%), and productivity (18%).
• And employers are paying the price, too: Employees are spending more than 9.2 hours per week dealing with financial issues while at work and more than 14 hours total.
• Workers have felt the need to take drastic action: some resorted to taking on a second part-time job (25%), taking on more credit debt (25%), withdrawing from their retirement savings (19%), or getting a loan from family or friends (19%).
• Employee expectations of employer support don’t reflect reality, yet: 84% of employees believe their company should be responsible for their financial well-being, but only 55% feel their company is concerned about their financial wellness.
• Increasing interest in cryptocurrency and NFTs to impact pay and performance rewards: While benefits like retirement matching and financial planning tools remain important, 36% of workers want the ability to receive part or all of their paycheck in cryptocurrency, and 42% would like to receive NFTs as a performance reward.
• The overall impact of financial well-being benefits can’t be underestimated: At least 8 out of 10 workers say these benefits impact their productivity (86%), desire to stay with their employer (86%), job satisfaction and engagement at work (84%), ability to focus (84%), mental health (84%), and physical health (80%).

SUPPORTING QUOTES

“Today’s business leaders are facing a daunting set of growing concerns around some of the biggest business challenges in recent history, like talent scarcity, increasing concerns around the impact of rising inflation on compensation (67%)⁸, and others,” said Jennifer Nuckles, EVP and Group Business Unit Leader, SoFi. “With this, it’s important to realize that there are other levers employers can – and should – pull to add value. One size does not fit all when it comes to financial well-being and financial education. The research we published today provides employers with actionable insights and forward-looking perspectives on employee expectations to help provide a roadmap for the future of workplace financial well-being.”

“Offering financial well-being benefits isn’t just the right thing to do — it’s also a critical way to boost employee engagement and productivity,” said Dan Schawbel, Managing Partner, Workplace Intelligence. “But people’s preferences are quickly evolving, and the companies who can adapt quickly are the ones that will come out on top in the war for talent.”

METHODOLOGY

Research findings are based on a survey conducted by Workplace Intelligence and SoFi at Work in the U.S. between December 21–29, 2021. For this survey, 1,600 HR leaders and employees were asked questions about financial well-being, financial literacy, and financial benefits. The study targeted full-time employees between 18 and 74 years of age. Respondents were invited to take part via email and were provided with a small monetary incentive for doing so.

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