SoFi secures $3.6 billion in loan platform partnerships

SoFi Technologies Inc. (NASDAQ: SOFI) announced three new partnerships for its Loan Platform Business totaling over $3.6 billion in expected personal loan funding.

The company closed a transaction with a global bank for expected loan delivery exceeding $1 billion and a separate deal with a financial services and insurance group for $600 million over 12 months. SoFi also agreed to terms with a top-five global private asset management firm for up to $2 billion over two years.

The Loan Platform Business refers pre-qualified borrowers to loan origination partners and originates loans on behalf of third parties. SoFi earns fee income for originating loans while retaining servicing rights, creating what the company describes as a capital-light, fee-based revenue stream.

"By connecting strong borrower demand with institutional capital, we're building a capital-light, fee-based business that complements our overall lending business while leveraging our existing technology platform capabilities in underwriting, pricing, marketing and servicing," said Anthony Noto, CEO of SoFi.

In 2025, SoFi's Loan Platform Business secured over $10 billion in commitments according to the company's statement.

SoFi operates as a digital financial services platform serving 13.7 million members. The company provides lending, banking, investing and other financial services through its mobile application.

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