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Behind SoFi's Hidden Growth Engine

SoFi's technology platform is growing quickly, but what is it?

By Travis Hoium – Jun 27, 2024 at 5:30AM EST

SoFi's (SOFI 7.15%) technology platform is one of its biggest growth drivers, but the company doesn't talk about what's in that platform very often. In this video, Travis Hoium uncovers some of the ways SoFi is leveraging technology to grow its business long-term.

*Stock prices used were end-of-day prices of June 25, 2024. The video was published on June 26, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Robinhood Markets and SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$17.74
(-7.15%)-$1.37
Robinhood Markets Stock Quote
Robinhood Markets
NASDAQ: HOOD
$75.79
(-4.61%)-$3.66

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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