{"id":838836,"date":"2025-04-17T14:09:18","date_gmt":"2025-04-17T18:09:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/"},"modified":"2025-04-17T14:09:18","modified_gmt":"2025-04-17T18:09:18","slug":"sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/","title":{"rendered":"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSoFi Technologies, Inc. (NASDAQ: SOFI) announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (\u201cFortress\u201d). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2Fpress%2Fsofi-expands-loan-platform-business-2-billion-agreement-fortress-investment-group%2F&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=October+2024&amp;index=1&amp;md5=23af581259088742ab7a743ee9c1720e\">October 2024<\/a>.\n<\/p>\n<p>\nSoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus.\n<\/p>\n<p>\nThe total commitment provided by Fortress for SoFi\u2019s Loan Platform Business has now reached over $5 billion.\n<\/p>\n<p>\n\u201cOur continued collaboration with Fortress is a testament to the success, strength and scalability of our Loan Platform Business,\u201d <b>said Anthony Noto, CEO of SoFi.<\/b> \u201cThe additional $3.2 billion commitment helps us better meet borrower demand for personal loans while moving SoFi towards less capital-intensive and more fee-based sources of revenue. We\u2019re building strong momentum for our Loan Platform Business in 2025 and beyond.\u201d\n<\/p>\n<p>\n\u201cThe extension of our partnership with SoFi is a reflection of our confidence in the company\u2019s consumer loan product offerings to their members through their Loan Platform Business,&#8221; <b>said Dominick Ruggiero, Global Co-Head of Asset Based Credit at Fortress. <\/b>\u201cWe are excited to expand this mutually beneficial partnership that helps increase the availability of personal loans for consumers and creates a compelling investment opportunity for Fortress\u2019s funds.\u201d\n<\/p>\n<p>\nSoFi\u2019s Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties.\n<\/p>\n<p><b>About SoFi<\/b><\/p>\n<p>\nSoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company\u2019s full suite of financial products and services helps its over 10.1 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead \u2013 like credentialed financial planners, exclusive experiences and events, and a thriving community \u2013 on their path to financial independence.\n<\/p>\n<p>\nSoFi innovates across three business segments: Lending, Financial Services \u2013 which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights \u2013 and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com%2F&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=SoFi.com&amp;index=2&amp;md5=00ebfff66688fdf3a6f47b7ba51e8777\">SoFi.com<\/a> or download our <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fapps.apple.com%2Fus%2Fapp%2Fsofi-one-stop-shop-finances%2Fid1191985736&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=iOS&amp;index=3&amp;md5=86d5218a1eb530d616494fcde5d5a0dd\">iOS<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fplay.google.com%2Fstore%2Fapps%2Fdetails%3Fid%3Dcom.sofi.mobile%26hl%3Den_US%26gl%3DUS%26pli%3D1&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=Android&amp;index=4&amp;md5=7b04e8f80ef067d73a6cebe3d442af1b\">Android<\/a> apps.\n<\/p>\n<p>\n\u00a92025 SoFi Technologies, Inc. All rights reserved.\n<\/p>\n<p><b>About Fortress<\/b><\/p>\n<p>\nFortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $50 billion of assets under management as of December 31, 2024, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. For more information, visit Fortress.com.\n<\/p>\n<p>\nThe Fortress Asset-Based Credit business provides capital solutions to specialty finance companies, lending against and investing in a broad spectrum of consumer receivables, small commercial receivables and other contractual cash flow streams. With over two decades of experience as an active investor in the space, the team focuses primarily on originating businesses in the US and Europe with an asset class agnostic approach.\n<\/p>\n<p>\nAUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.\n<\/p>\n<p><b>About Edge Focus<\/b><\/p>\n<p>\nEdge Focus is a technology-driven investment firm that delivers Curated Access to Consumer-Focused Private Credit\u2014with Edge. Through its proprietary platforms, Origin and Lens, Edge Focus manages funds, SPVs, and SMAs, while also powering fintech partners with advanced underwriting and portfolio analytics tools. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.edgefocuspartners.com&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=www.edgefocuspartners.com&amp;index=5&amp;md5=c3955686848f17d51693d22906fcd852\">www.edgefocuspartners.com<\/a>.\n<\/p>\n<p><b>Availability of Other Information About SoFi<\/b><\/p>\n<p>\nInvestors and others should note that we communicate with our investors and the public using our website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sofi.com&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.sofi.com&amp;index=6&amp;md5=f9700d5f27467cfb77c419389626ac1e\">https:\/\/www.sofi.com<\/a>), the investor relations website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.sofi.com&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=https%3A%2F%2Finvestors.sofi.com&amp;index=7&amp;md5=d4898e2bc345d8770364647c616b7233\">https:\/\/investors.sofi.com<\/a>), and on social media (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FSoFi&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=X&amp;index=8&amp;md5=bd7c40648d312491a9e5ef6ea20d0344\">X<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsofi%2F&amp;esheet=54240011&amp;newsitemid=20250417276382&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=9&amp;md5=691d230ae6681353b1244fc25193e14b\">LinkedIn<\/a>), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi\u2019s investor relations website and may include additional social media channels. The contents of SoFi\u2019s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.\n<\/p>\n<p>\nSOFI-F\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250417276382r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250417276382\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250417276382\/en\/<\/a><\/span><\/p>\n<p><b>Media Contacts<br \/>\n<\/b><br \/>SoFi: <a rel=\"nofollow\" href=\"mailto:PR@sofi.org\">PR@sofi.org<br \/>\n<\/a><br \/>Fortress Investment Group LLC: <a rel=\"nofollow\" href=\"mailto:mlane@fortress.com\">mlane@fortress.com<\/a><\/p>\n<p>\n\u00a0\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Payments Apps\/Applications Technology Finance Fintech<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250417276382\/en\/2442250\/3\/SoFi_horz_RGB_Turquoise_CircleR_Upward.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; SoFi Technologies, Inc. (NASDAQ: SOFI) announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (\u201cFortress\u201d). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus. The total commitment provided by Fortress for SoFi\u2019s Loan Platform Business has now reached over $5 billion. \u201cOur continued collaboration with Fortress is a testament to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-838836","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; SoFi Technologies, Inc. (NASDAQ: SOFI) announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (\u201cFortress\u201d). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus. The total commitment provided by Fortress for SoFi\u2019s Loan Platform Business has now reached over $5 billion. \u201cOur continued collaboration with Fortress is a testament to &hellip; Continue reading &quot;SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-17T18:09:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250417276382r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus\",\"datePublished\":\"2025-04-17T18:09:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/\"},\"wordCount\":918,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250417276382r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\\\/\",\"name\":\"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/","og_locale":"en_US","og_type":"article","og_title":"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus - Market Newsdesk","og_description":"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; SoFi Technologies, Inc. (NASDAQ: SOFI) announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (\u201cFortress\u201d). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus. The total commitment provided by Fortress for SoFi\u2019s Loan Platform Business has now reached over $5 billion. \u201cOur continued collaboration with Fortress is a testament to &hellip; Continue reading \"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-17T18:09:18+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250417276382r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus","datePublished":"2025-04-17T18:09:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/"},"wordCount":918,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250417276382r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-secures-3-2-billion-expansion-to-loan-platform-business-across-agreements-with-fortress-and-edge-focus\/","name":"SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements with Fortress and Edge Focus - 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