SoFi Technologies: The Market Is Biased (Rating Upgrade)
SoFi Technologies(SOFI) Seeking Alpha·2024-07-31 19:18
SoFi Key driver once again was the roll-out of new (personal finance) products that are seeing strong customer uptake by the platform's members. Total products offered on the SoFi platform totaled 12,776, implying a growth rate of 36% year over. This growth is mainly driven by SoFi's financial services products (+39% YY) which grew more than twice as fast as the platform's lending products (+19% Y/Y). Products (2) YoY Growth 121% 105% 84% 5.9% 46% 43% 45% 41% (2000 (000%) Now Products t Additions (10) of 94 ...