$SOFI and $PRU just partnered to offer life insurance to over 15M SoFi members directly through the app with coverage available in minutes.
That gives SoFi another way to earn more from its existing members without taking on insurance risk or tying up additional capital.
This is big news
Let’s assume 1% of $SoFi members sign up for life insurance in the first 4 quarters this is launched
Assume $250 fee based revenue per sign up
Could be ~ $40m in high margin fee based revenue in Q4
Brick by brick 🧱
We're the first national bank to bring stablecoin settlement live across @Mastercard's global payments network. @SoFi is migrating its entire $25B+ card program to blockchain-based settlement.
The speed of blockchain, with the safeguards of a bank. Let’s go‼️
https://t.co/e9RJuyQm6E
🚨 This is absolutely mind blowing for $SOFI 🤯 👇🏻
$SOFI is actively working on a deal with $V involving SoFiUSD ‼️
I wish I bought more last week at $15… didn’t you?
Big, big news: small business loans now come right from SoFi.
💸 Business owners can borrow up to $250,000.
⏱️ Funds deposit as soon as 24 hours after approval.*
👀 Terms and pricing are transparent.
It’s business financing that’s fast enough to meet the moment. Learn more 👉 https://t.co/d2OOz5asMS
$SOFI five years ago:
• $16/share
• 1.5M members with ~$260M gross profit run-rate
$SOFI today:
• $16/share
• 14.7M members with ~$2.4B gross profit run-rate
Same price. Very different business.
Anthony Noto CEO of $SOFI told Jim Cramer they’ll likely benefit in a major way on Trump accounts and will be able to do it more profitably than many others.
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