$SOFI took 11 years to reach its first 4M members and just added another 4M in the past year alone.
That shows how quickly the platform is scaling as banking, investing and digital assets converge under one app.
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.
$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.
Big news!! @SoFi has been named by @Forbes' as No. 1 in the U.S on the World's Best Banks list 💥
We operate with the speed of a fintech and the discipline of a bank - all to help our members get their money right so they can live their dreams. Let's go SoFi!
BitGo is providing stablecoin infrastructure services and supporting distribution for SoFiUSD, the first stablecoin issued by a U.S. nationally chartered and insured deposit bank on a public, permissionless blockchain.
Following the passage of the GENIUS Act, this partnership enables 24/7 onchain liquidity and optimized B2B settlements for global treasury operations.
Read the full announcement here: https://t.co/OODl7cW0D8
@SoFi
More ways to move money, with the trust and scale businesses expect. Proud to partner with @SoFi to enable SoFiUSD settlement across our network and support always on commerce.
Today, SoFi and @Mastercard announced an enhanced partnership to enable SoFiUSD as a settlement option across Mastercard’s global payments network.
“SoFiUSD as a settlement currency across Mastercard’s network enables issuers and acquirers to help millions of businesses instantly settle transactions, 24/7.” – @anthonynoto
Join us as we build for the next era of finance. Learn more here ⬇️https://t.co/X1xisZHYsD
Thrilled to partner with @mastercard to make it faster, cheaper, and safer for people around the world to move money.
@SoFi is the first U.S. nationally chartered and insured deposit bank to offer a stablecoin on a public, permissionless blockchain.
And now, with SoFiUSD as a settlement option in Mastercard’s network, issuers and acquirers will be able to help millions of business instantly settle transactions, around the world, 24/7. https://t.co/MpQcs6n6ex