SOFI TL;DR
SoFi Technologies
Brief History
SoFi started in 2011 as a student loan refinancing company at Stanford. Under CEO Anthony Noto (former Twitter COO and Goldman Sachs partner), it transformed into a one-stop digital bank offering lending, investing, banking, and financial planning. SoFi obtained a national bank charter in 2022, giving it access to cheap deposits. It turned profitable in 2024 after years of heavy investment.
Investment Thesis
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