SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
SoFi Technologies(SOFI) PYMNTS.com·2024-10-30 03:03
SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign.Members are accessing more products across the company’s platform, and momentum in SoFi Money deposits continues to be underpinned by direct deposit members.Having run up more than 50% through the past three months, investors sent SoFi shares down 6% in early trading Tuesday (Oct. 29).“Monetization continues to improve across all products,” with annualized revenue per produc ...