Keefe, Bruyette & Woods Reiterates Market Perform Rating on SoFi Technologies (SOFI)

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SoFi Strengthens Lending Capabilities with $350 Million Personal Loan Securitization Placement with PGIM

May 21, 2024 9:00 AM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced today the Q1 2024 placement of a $350 million personal loan securitization exclusively with funds and accounts managed by PGIM Fixed Income, a Prudential Financial (NYSE: PRU) company.

Weve continued to see healthy demand for our personal loan sales, providing us access to new forms of capital as SoFi helps more members get their money right, said Anthony Noto,... More