# SoFi

> Source: https://docs.barcoder.ai/docs/wallets/sofi
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [SoFi — official](https://www.sofi.com/)

## Overview

**SoFi (Social Finance Inc.)** is **a US neobank + lending + investing all-in-one fintech with OCC national bank charter** <sup>[1][1], [2][2], [United States report](https://docs.barcoder.ai/docs/payments/US)</sup>. **2026 baseline**: 15M+ SoFi members; FY2025 (year-ended Dec 31 2025): $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity; May 2026 SoFiUSD bank-issued stablecoin rollout to all 15M+ SoFi retail banking members; Apr 2026 SoFi Big Business Banking launch (fiat + crypto for businesses); Apr 2026 SoFi Loan Platform Business +$3.6B agreements.

**Distinctive SoFi positioning** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022)**
- **15M+ SoFi members (2026)**
- **FY2025**: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity
- **May 2026 SoFiUSD bank-issued stablecoin rollout** to all 15M+ SoFi retail banking members — distinctive US neobank stablecoin innovation
- **Apr 2026 SoFi Big Business Banking launch** (fiat + crypto for businesses) — distinctive US business banking + crypto integration
- **Apr 2026 SoFi Loan Platform Business +$3.6B agreements** — distinctive SoFi loan platform expansion
- **2011 founding by Stanford University students** (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady) — distinctive Stanford alumni fintech heritage
- **Jan 2022 SoFi Bank N.A. OCC national bank charter** — distinctive US neobank-to-national-bank conversion via Golden Pacific Bank acquisition

## History

**2011 — SoFi (Social Finance Inc.) founded by Mike Cagney + Dan Macklin + James Finnigan + Ian Brady** as Stanford Graduate School of Business student-loan refinancing pilot — distinctive Stanford alumni fintech heritage.

**2017 — SoFi mobile app launches** as fintech super-app.

**Jun 1 2021 — SoFi public listing via SPAC merger with Social Capital Hedosophia V** (NASDAQ: SOFI).

**Jan 2022 — SoFi Bank N.A. OCC national bank charter** via Golden Pacific Bank $22.3M acquisition — distinctive US neobank-to-national-bank conversion.

**FY2025 (year-ended Dec 31 2025)**: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity <sup>[4][4]</sup>.

**Apr 2026 — SoFi Big Business Banking launch** (fiat + crypto for businesses); **SoFi Loan Platform Business +$3.6B agreements**; **May 2026 SoFiUSD bank-issued stablecoin rollout** to all 15M+ SoFi retail banking members <sup>[2][2], [3][3]</sup>.

**2026**: 15M+ SoFi members.

## Ownership & operator

**Operating entity**: **SoFi Technologies Inc.** (NASDAQ: SOFI).

**Major shareholders**: **Anthony Noto (CEO; ex-Twitter COO + ex-Goldman Sachs Internet equity research head) + SoftBank Vision Fund + Silver Lake + ARK Invest + Renaissance Capital + public float (post-Jun 1 2021 SPAC listing)**.

**Regulators**: **OCC (US Office of the Comptroller of the Currency; SoFi Bank N.A. national bank charter Jan 2022) + SEC + FINRA + state-level securities + banking regulators**.

## Technical integration

SoFi mobile app (iOS + Android) + sofi.com web + SoFi Money (checking + savings) + SoFi Invest (stocks + ETFs + crypto + IPO access) + SoFi Loans (personal + student + mortgage + auto) + SoFi Credit Card + SoFi Insurance + SoFi Relay (multi-account aggregation) + SoFi Estate Planning; **SoFiUSD bank-issued stablecoin (May 2026 rollout)** + **SoFi Big Business Banking (Apr 2026 fiat + crypto for businesses)** + **SoFi Loan Platform Business**; SoFi divisions: lending + technology platform (Galileo + Technisys post-2022 acquisitions) + financial services.

## Users & growth

**2026**: 15M+ SoFi members; **FY2025**: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity.

## Use cases

US neobank + lending + investing all-in-one fintech via SoFi mobile + sofi.com web; **SoFi Money + SoFi Invest + SoFi Loans + SoFi Credit Card + SoFi Insurance + SoFi Relay + SoFi Estate Planning**; **SoFiUSD bank-issued stablecoin** (distinctive US neobank stablecoin innovation) + **SoFi Big Business Banking (fiat + crypto for businesses)** + **SoFi Loan Platform Business**.

## Implementations & partners

**Operator**: SoFi Technologies Inc. (NASDAQ: SOFI); Anthony Noto CEO; SoftBank Vision Fund + Silver Lake + ARK Invest + Renaissance Capital + public float.

**Subsidiaries**: **SoFi Bank N.A. (OCC national bank charter Jan 2022 via Golden Pacific Bank $22.3M acquisition)** + **Galileo Financial Technologies (post-Apr 2020 $1.2B acquisition; banking-as-a-service technology platform)** + **Technisys (post-Feb 2022 $1.1B acquisition; Latin American digital banking core)** + **SoFi Securities LLC (SEC + FINRA broker-dealer)** + **SoFi Wealth LLC** + **SoFi Digital Assets LLC (crypto subsidiary)**.

**Major US neobank + lending + investing competitors**: [Chime](https://docs.barcoder.ai/docs/wallets/chime) (US #1 neobank by active users) + [Varo Bank](https://docs.barcoder.ai/docs/wallets/varo) (US neobank with national bank charter) + [Current](https://docs.barcoder.ai/docs/wallets/current) (US neobank for Gen Z) + [Ally Bank](https://docs.barcoder.ai/docs/wallets/ally-bank-app) (US online bank; post-2009 GMAC conversion) + [Discover Financial Services](https://docs.barcoder.ai/docs/wallets/discover-financial) (US credit card + online bank) + Credit Karma (Intuit subsidiary post-2020 $7.1B acquisition) + [Robinhood](https://docs.barcoder.ai/docs/wallets/robinhood) (US #1 by app users) + [eToro](https://docs.barcoder.ai/docs/wallets/etoro) (global social trading + May 14 2025 NASDAQ IPO) + [Webull](https://docs.barcoder.ai/docs/wallets/webull) (US commission-free + Chinese fintech US brokerage + Apr 11 2025 NASDAQ SPAC listing).

**Regulators**: OCC + SEC + FINRA + state-level.

## Fun facts

- **US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022)**.
- **15M+ SoFi members (2026)**.
- **FY2025**: $3.61B revenue + $481M net income + $50.66B total assets + $10.49B total equity.
- **May 2026 SoFiUSD bank-issued stablecoin rollout** to all 15M+ SoFi retail banking members — distinctive US neobank stablecoin innovation.
- **Apr 2026 SoFi Big Business Banking launch** (fiat + crypto for businesses) — distinctive US business banking + crypto integration.
- **2011 founding by Stanford University students** (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady) — distinctive Stanford alumni fintech heritage.
- **Jan 2022 SoFi Bank N.A. OCC national bank charter** via Golden Pacific Bank $22.3M acquisition.
- **Apr 2020 Galileo $1.2B acquisition + Feb 2022 Technisys $1.1B acquisition** — distinctive SoFi banking-as-a-service technology platform expansion.

## Comparison

| Feature | SoFi | [Chime](https://docs.barcoder.ai/docs/wallets/chime) (US #1 neobank by active users rival) | [Varo Bank](https://docs.barcoder.ai/docs/wallets/varo) (US neobank with national bank charter rival) | [Ally Bank](https://docs.barcoder.ai/docs/wallets/ally-bank-app) (US online bank; post-2009 GMAC conversion rival) | [Robinhood](https://docs.barcoder.ai/docs/wallets/robinhood) (US #1 by app users + commission-free pioneer rival) |
|---|---|---|---|---|---|
| Operator | **SoFi Technologies Inc. (NASDAQ: SOFI)** | Chime Financial Inc. (NASDAQ: CHYM; post-Jun 2025 NASDAQ IPO) | Varo Bank N.A. (privately-held; OCC national bank charter since 2020) | Ally Financial Inc. (NYSE: ALLY; post-2009 GMAC conversion) | Robinhood Markets Inc. (NASDAQ: HOOD) |
| Type | **US neobank + lending + investing all-in-one fintech with OCC national bank charter + 15M+ members + SoFiUSD stablecoin + SoFi Big Business Banking + Galileo + Technisys banking-as-a-service** | US #1 neobank by active users (~38M+ Chime members) + spotme distinctive overdraft protection + Bancorp Bank + Stride Bank partnerships (no national bank charter) | US neobank with OCC national bank charter (2020; first US neobank to receive national bank charter from OCC) | US online bank post-2009 GMAC conversion + Ally Auto Finance + Ally Invest | Most-used US stock trading app + 10.8M users + crypto + Bitstamp + UK + EU expansion |
| Country | US | US | US | US + CA | US + GB + AU |
| Distinctive | **2011 founding by Stanford University students (Mike Cagney + Dan Macklin + James Finnigan + Ian Brady); Jun 1 2021 SPAC public listing; Jan 2022 SoFi Bank N.A. OCC national bank charter via Golden Pacific Bank $22.3M acquisition; Apr 2020 Galileo $1.2B + Feb 2022 Technisys $1.1B banking-as-a-service technology platform acquisitions; May 2026 SoFiUSD bank-issued stablecoin rollout; Apr 2026 SoFi Big Business Banking launch + +$3.6B Loan Platform Business agreements** | 2013 founding by Chris Britt + Ryan King; Jun 12 2025 NASDAQ IPO (CHYM ticker; $864M raised) | 2015 founding by Colin Walsh + Mykola Klymenko; 2020 OCC national bank charter (first US neobank to receive national bank charter from OCC) | 1919 General Motors Acceptance Corporation (GMAC) founding; 2009 conversion to Ally Financial post-GM bankruptcy; 2014 NYSE IPO | 2013 founding by Vlad Tenev + Baiju Bhatt; Mar 2015 mobile app; Jul 29 2021 NASDAQ IPO |

## Status

**Active, US neobank + lending + investing all-in-one fintech with OCC national bank charter (Jan 2022)** <sup>[1][1], [2][2], [3][3], [4][4]</sup>:
- **SoFi Technologies Inc. (NASDAQ: SOFI)** since 2011 founding by Stanford University students + Jun 1 2021 SPAC public listing + Jan 2022 SoFi Bank N.A. OCC national bank charter.
- **15M+ SoFi members (2026); FY2025: $3.61B revenue + $481M net income + $50.66B total assets**.
- **Apr 2020 Galileo $1.2B + Feb 2022 Technisys $1.1B banking-as-a-service technology platform acquisitions**.
- **May 2026 SoFiUSD bank-issued stablecoin rollout + Apr 2026 SoFi Big Business Banking launch + +$3.6B Loan Platform Business agreements**.
- **OCC + SEC + FINRA + state-level regulated**.

## Sources

[1]: https://www.sofi.com/ "SoFi — official"
[2]: https://en.wikipedia.org/wiki/SoFi "SoFi — Wikipedia"
[3]: https://thedefiant.io/converge/tradfi-and-fintech/sofi-brings-its-bank-issued-stablecoin-to-14-7-million-members "SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members — The Defiant"
[4]: https://markets.financialcontent.com/stocks/article/predictstreet-2025-12-12-sofi-technologies-inc-sofi-a-deep-dive-into-the-digital-finance-disruptor "SoFi Technologies, Inc. (SOFI): A Deep Dive into the Digital Finance Disruptor — Financial Content"
[us-cro]: https://docs.barcoder.ai/docs/payments/US

- [1] [SoFi — official][1]
- [2] [SoFi — Wikipedia][2]
- [3] [SoFi Brings Its Bank-Issued Stablecoin to 14.7 Million Members — The Defiant][3]
- [4] [SoFi Technologies, Inc. (SOFI): A Deep Dive into the Digital Finance Disruptor — Financial Content][4]
- <sup>[United States report](https://docs.barcoder.ai/docs/payments/US)</sup> In-corpus: `reports/countries/US-united-states.md`

## Source

Biography extracted from [sofi.md](https://docs.barcoder.ai/source/wallets/sofi). See `matrix.md` for standards-support matrix if present.