Driven by the expansion of its crypto business, US nationwide bank SoFi's Q4 revenue surpasses 1 billion USD for the first time.
ChainCatcher news, according to The Block, driven by the expansion of its cryptocurrency business, SoFi Technologies, one of the largest online lenders in the United States and a fintech company, saw its fourth-quarter revenue surpass the 1 billion USD mark for the first time, with profits reaching 174 million USD.
The company stated that it added 1 million new members in the fourth quarter, a record high, bringing the total number of members to 13.7 million, a 35% increase compared to the same period last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The British Pound rallies on a UK growth upgrade and gives more than half back
Only twice in history! S&P 500 equal-weight index is expected to record seven consecutive weeks of decline this week
The S&P 500 Equal Weight Index is expected to fall for a seventh consecutive week. If this downward trend continues through Friday, it will mark only the third time in history that the index has experienced seven straight weeks of decline.
Trump “bites” Powell, demanding his resignation from the Federal Reserve Board, citing severe cost overruns in headquarters renovation.
U.S. President Trump on Wednesday called for former Federal Reserve Chairman Powell to resign from his position as a Fed governor, following an inspector general report on the Federal Reserve headquarters renovation project, which highlighted a series of management issues that led to significant cost overruns.
Crypto prices
More
