SoFi's First-Quarter Profit Doubles Amid Record Loan Growth and Member Expansion
SoFi Technologies reported a first-quarter profit that doubled, driven by record loan originations and a 35% increase in members to 14.7 million. The fintech firm's net interest income rose 39% to $693 million, and fee-based revenues increased 23%. The growth is attributed to strong consumer demand and a resilient economy.
Tickers: $SOFI
Topics: fintech loan originations member growth profit growth SoFi Technologies