SoFi Secures $2 Billion Investment to Expand Loan Platform

The deal with Fortress Investment Group aims to diversify SoFi’s revenue streams and enhance its personal loan offerings.

The $2 billion investment will be managed by affiliates of Fortress Investment Group, supporting SoFi's loan origination and referral services.
SoFi's initiative is part of a strategy to shift towards less capital-intensive and more fee-based revenue sources.
Following the announcement, SoFi's stock price increased by over 8% in early trading.
The partnership reflects a growing trend of fintech companies collaborating with private-credit lenders to manage consumer loans.
This deal comes as SoFi has recently expanded its financial services, including the introduction of two new credit cards.