{"id":848271,"date":"2025-05-07T10:03:15","date_gmt":"2025-05-07T14:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/"},"modified":"2025-05-07T10:03:15","modified_gmt":"2025-05-07T14:03:15","slug":"sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/","title":{"rendered":"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }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 class=\"bwalignc\"><b><i>SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers<\/i><\/b><\/p>\n<p class=\"bwalignc\"><i>SoFi Now Using Capitalize\u2019s Rollover API to Provide A Modern 401(k) Consolidation Experience to Its Members<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCapitalize, the industry\u2019s award-winning platform for retirement account transfers, and SoFi, a member-centric one stop shop for digital financial services, today announced a major expansion of their long-standing collaboration to help members easily find and consolidate their 401(k) accounts. SoFi\u2019s recent implementation of Capitalize\u2019s <i>Embedded Rollover API<\/i> now allows its members to seamlessly find legacy 401(k) accounts and transfer them quickly into their SoFi Individual Retirement Account (IRA) \u2013 all without leaving the SoFi app.\n<\/p>\n<p>\nThis new integration has significantly improved the rollover experience for SoFi members, resulting in a substantially faster and lower-friction process to consolidate retirement assets at SoFi. Capitalize research has previously shown that the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hicapitalize.com%2Fresources%2Fwhy-401k-rollovers-remain-outdated-white-paper%2F&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=vast+majority+of+savers+are+unable+to+successfully+complete+a+rollover+on+their+own&amp;index=1&amp;md5=090df7f9b73985ec83696977e40ad404\">vast majority of savers are unable to successfully complete a rollover on their own<\/a>. By embedding the Capitalize <i>Rollover API<\/i>, SoFi now offers its members a digital, modern rollover experience so that they can complete this important financial step.\n<\/p>\n<p>\n\u201cAt SoFi, we\u2019re committed to helping our members make the most of their retirement savings \u2013 and that includes making it easier to transfer, consolidate and manage those savings,\u201d said Ryan Burke, VP, Head of SoFi Invest. \u201cOur deepened integration with Capitalize allows us to offer a more seamless, transparent rollover experience that meets the expectations of today\u2019s digital-first consumers while supporting our broader mission to help members build long-term wealth.\u201d\n<\/p>\n<p>\n\u201cSavers today deserve better than the legacy 401(k) rollover process,\u201d said Gaurav Sharma, CEO and Co-Founder of Capitalize. \u201cWe\u2019re thrilled to deepen our integration with SoFi through our modern <i>Rollover API<\/i>, and together help SoFi members better save for retirement by finding and consolidating their 401(k) savings seamlessly.\u201d\n<\/p>\n<p>\nWith an estimated <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hicapitalize.com%2Fresources%2Fthe-true-cost-of-forgotten-401ks%2F&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=%241.65+trillion+in+assets&amp;index=2&amp;md5=b531a61a66a5d7fc8741e46561c711d7\">$1.65 trillion in assets<\/a> left behind in 401(k) accounts and almost $1 trillion rolled over annually, the opportunity for leading financial institutions to help users with 401(k) consolidation continues to grow. SoFi joins a growing list of financial institutions leveraging the Capitalize <i>Embedded Rollover API <\/i>to better serve their users and grow retirement assets. Capitalize\u2019s rollover technology has powered billions of dollars in retirement account transfers, and its platform is growing rapidly as additional retirement account providers adopt its industry-leading APIs.\n<\/p>\n<p>\nThis offering is currently available to all SoFi members.\n<\/p>\n<p><b>About Capitalize<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hicapitalize.com&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=Capitalize&amp;index=3&amp;md5=7a565b7f325a29becfc87caff309d029\">Capitalize<\/a> is an award-winning platform to help consumers and financial institutions digitally locate and transfer retirement assets, such as 401(k)s. Capitalize\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fhicapitalize.com%2Fenterprise&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=APIs&amp;index=4&amp;md5=0f0c881300026cf5c6a6e19c2ce75da6\">APIs<\/a> are used by leading financial institutions to power rollovers natively for their users and our platform is also available to consumers directly. Capitalize helps Americans better save for retirement by ensuring they can easily find, transfer, and keep track of their retirement assets. Capitalize has been recognized as one of <i>TIME\u2019s 100 Best Inventions<\/i>, one of the <i>World\u2019s Most Innovative Companies<\/i> by <i>Fast Company<\/i>, and a <i>Top 50 Fintech<\/i> by <i>Forbes<\/i>. For more information about Capitalize, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hicapitalize.com&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=www.hicapitalize.com&amp;index=5&amp;md5=ca5c69e05ea9083626aa7a9bb4d84209\">www.hicapitalize.com<\/a>.\n<\/p>\n<p><b>About SoFi<\/b><\/p>\n<p>\nSoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 10.9 million members trust SoFi to borrow, save, spend, invest, and protect their money \u2013 all in one app \u2013 and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi\u2019s technology platform Galileo to build and manage innovative financial solutions across 158.4 million global accounts. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sofi.com&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=www.sofi.com&amp;index=6&amp;md5=563b5bf2c90069e4343a5860cfe00cce\">www.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-banking-investing%2Fid1191985736&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=iOS&amp;index=7&amp;md5=4cf27ab272e5a76881976a734a30113f\">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&amp;esheet=54250492&amp;newsitemid=20250507205314&amp;lan=en-US&amp;anchor=Android&amp;index=8&amp;md5=1db3e22226b2cf3ebe764ec5c4081cf9\">Android<\/a> apps.\n<\/p>\n<p>\n\u00a92025 SoFi Technologies, Inc. All rights reserved\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250507205314r1&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\/20250507205314\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250507205314\/en\/<\/a><\/span><\/p>\n<p><b>For Media Inquiries, Contact:<br \/>\n<br \/><\/b><br \/>Stang Gappa<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:stang.gappa@hicapitalize.com\">stang.gappa@hicapitalize.com<br \/>\n<\/a><br \/>Capitalize<\/p>\n<p>Anupriya Ghate<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:pr@sofi.org\">pr@sofi.org<br \/>\n<\/a><br \/>SoFi\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Fintech Professional Services Finance<\/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\/20250507205314\/en\/2461846\/3\/Capitalize_Wordmark_RGB_Purple-600w.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 and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers SoFi Now Using Capitalize\u2019s Rollover API to Provide A Modern 401(k) Consolidation Experience to Its Members NEW YORK&#8211;(BUSINESS WIRE)&#8211; Capitalize, the industry\u2019s award-winning platform for retirement account transfers, and SoFi, a member-centric one stop shop for digital financial services, today announced a major expansion of their long-standing collaboration to help members easily find and consolidate their 401(k) accounts. SoFi\u2019s recent implementation of Capitalize\u2019s Embedded Rollover API now allows its members to seamlessly find legacy 401(k) accounts and transfer them quickly into their SoFi Individual Retirement Account (IRA) \u2013 all without leaving the SoFi app. This new integration has significantly improved the rollover experience for SoFi members, resulting in a substantially &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers&#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-848271","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers - 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-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers SoFi Now Using Capitalize\u2019s Rollover API to Provide A Modern 401(k) Consolidation Experience to Its Members NEW YORK&#8211;(BUSINESS WIRE)&#8211; Capitalize, the industry\u2019s award-winning platform for retirement account transfers, and SoFi, a member-centric one stop shop for digital financial services, today announced a major expansion of their long-standing collaboration to help members easily find and consolidate their 401(k) accounts. SoFi\u2019s recent implementation of Capitalize\u2019s Embedded Rollover API now allows its members to seamlessly find legacy 401(k) accounts and transfer them quickly into their SoFi Individual Retirement Account (IRA) \u2013 all without leaving the SoFi app. This new integration has significantly improved the rollover experience for SoFi members, resulting in a substantially &hellip; Continue reading &quot;SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-07T14:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250507205314r1&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=\"3 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-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers\",\"datePublished\":\"2025-05-07T14:03:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/\"},\"wordCount\":654,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250507205314r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\\\/\",\"name\":\"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers - 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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-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/","og_locale":"en_US","og_type":"article","og_title":"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers - Market Newsdesk","og_description":"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers SoFi Now Using Capitalize\u2019s Rollover API to Provide A Modern 401(k) Consolidation Experience to Its Members NEW YORK&#8211;(BUSINESS WIRE)&#8211; Capitalize, the industry\u2019s award-winning platform for retirement account transfers, and SoFi, a member-centric one stop shop for digital financial services, today announced a major expansion of their long-standing collaboration to help members easily find and consolidate their 401(k) accounts. SoFi\u2019s recent implementation of Capitalize\u2019s Embedded Rollover API now allows its members to seamlessly find legacy 401(k) accounts and transfer them quickly into their SoFi Individual Retirement Account (IRA) \u2013 all without leaving the SoFi app. This new integration has significantly improved the rollover experience for SoFi members, resulting in a substantially &hellip; Continue reading \"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/","og_site_name":"Market Newsdesk","article_published_time":"2025-05-07T14:03:15+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250507205314r1&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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers","datePublished":"2025-05-07T14:03:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/"},"wordCount":654,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250507205314r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sofi-and-capitalize-expand-long-standing-partnership-to-simplify-401k-transfers\/","name":"SoFi and Capitalize Expand Long-Standing Partnership To Simplify 401(k) Transfers - 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