Banking LicenseSoFi's banking license has allowed it to provide full financial services to its existing and new customers and build up its deposit base and hold loans in its books and generate more interest income.
Customer BaseSoFi focuses on serving tech-savvy millennials, which has helped the company attract a group of well-educated and high-credit score customers.
Member GrowthImpressive member growth shows sizable beat, setting up future pull-through and highlighting momentum in banking products.