\nSoFi Technologies, Inc. (NASDAQ: SOFI), the one-stop shop for digital financial services, today announced the launch of SoFi Big Business Banking, a new offering that gives enterprise partners the ability to manage both fiat and crypto banking from a single, nationally chartered bank.<\/p>\n
\nThis launch builds on SoFi\u2019s integration of blockchain into its core platform. Over the last year, SoFi has enabled members to buy, sell and hold crypto, launched SoFiUSD, and built the regulated infrastructure connecting traditional and on-chain finance. Big Business Banking brings it all together, enabling any company operating across both traditional and digital finance to hold deposits, move money and settle transactions 24\/7 within SoFi\u2019s regulated banking platform.<\/p>\n
\n\u201cTo be competitive businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday,\u201d said Anthony Noto, CEO of SoFi.<\/b> \u201cSoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time.\u201d<\/p>\n
Introducing SoFi Big Business Banking<\/b><\/p>\n
\nSoFi Big Business Banking combines the strength of a nationally chartered bank and direct access to the Federal Reserve with modern, API-driven capabilities. The result is a simpler, faster way for companies to make payments, access liquidity, and operate in real time at scale.<\/p>\n
\nKey capabilities of SoFi Big Business Banking will include:<\/p>\n
- \n
- Regulated Business Deposit Accounts: <\/b>High-capacity accounts that allow companies to hold funds directly within SoFi\u2019s regulated bank, providing transparency and institutional-grade safeguards.\n<\/li>\n
- Real-Time, API-Driven Payments: <\/b>24\/7\/365 money movement and settlement, including payments in fiat or SoFiUSD or selected crypto currencies, enabling businesses to operate at the speed of global markets without the limitations of traditional banking hours.\n<\/li>\n
- Digital Asset Enablement: <\/b>Foundational support for the \u201cmint and burn\u201d of SoFiUSD, allowing for the instant conversion between fiat and digital assets while maintaining reserves within SoFi\u2019s regulated environment.\n<\/li>\n
- Unified Financial Operations: <\/b>A single, integrated interface for managing both traditional banking and digital asset activity, reducing complexity and reliance on multiple intermediaries.\n<\/li>\n<\/ul>\n
\nSoFi gives businesses one regulated partner to hold funds, move money or crypto coins, and operate in real time, instead of having to rely on multiple providers of fiat and crypto currencies. As companies increasingly operate across both fiat and digital assets, SoFi is built to support those needs at scale.<\/p>\n
\nThe launch of SoFi\u2019s Big Business Banking is supported by a foundational ecosystem of industry-leading firms who are leveraging the platform and supporting the institutional launch of SoFiUSD. Participants will be able to utilize SoFi\u2019s regulated infrastructure to build the next generation of scalable financial services. Initial firms will include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments and Mastercard. The platform is expected to leverage Solana, alongside other blockchain networks.<\/p>\n
\nBusinesses, institutions and developers interested in exploring infrastructure partnerships with SoFi can reach out to bbb@sofi.org<\/a> and learn more about SoFi Big Business Banking here<\/a>.<\/p>\n
About SoFi<\/b><\/p>\n
\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. 13.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto \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 128 million global accounts. For more information, visit www.sofi.com<\/a> or download our iOS and Android apps.<\/p>\n
\n\u00a92026 SoFi Technologies, Inc. All rights reserved.<\/p>\n
Disclosure:<\/b><\/p>\n
Availability of Other Information About SoFi<\/b><\/p>\n
\nInvestors and others should note that we communicate with our investors and the public using our website (https:\/\/www.sofi.com<\/a>), the investor relations website (https:\/\/investors.sofi.com<\/a>), and on social media (X and LinkedIn), 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.<\/p>\n
Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n
\nCertain of the statements above are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding expectations for the partnership between SoFi and each of the partners referenced above, as well as the roll-out of future products, SoFi\u2019s ability to navigate the regulatory environment related to the products it launches, demand for SoFi products, expectations regarding the future of financial services and the adoption of digital assets, and the financial position, business strategy and plans and objectives of management for SoFi\u2019s future operations. These forward-looking statements are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as \u201cexpect\u201d, \u201ccould\u201d, \u201ccontinue\u201d, \u201cfuture\u201d, \u201cmay\u201d, \u201cplan\u201d, \u201cwill\u201d, \u201cwill be\u201d, \u201cwill continue\u201d, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: (i) the impact on each of SoFi\u2019s and their partners\u2019 business as a result of the regulatory environment, changes in governmental policies, changes in personnel and resources of the governmental agencies that regulate us, and complexities with compliance related to such environment; (ii) SoFi\u2019s and their partners\u2019 ability to continue to drive brand awareness and realize the benefits of their respective marketing and advertising campaigns; (iii) SoFi\u2019s ability to manage planned products effectively and expectations regarding the development and expansion of its business; (iv) SoFi\u2019s ability to predict the demand for new products and the future of the financial services industry; (v) SoFi\u2019s ability to develop new products, features and functionality that are competitive and meet market needs; (vi) SoFi\u2019s ability to maintain the security and reliability of their respective products; and (vii) the outcome of any legal or governmental proceedings instituted against SoFi. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties set forth in the section titled \u201cRisk Factors\u201d in SoFi\u2019s last annual report on Form 10-K as filed with the Securities and Exchange Commission, and those that are included in any future filings with the Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing SoFi\u2019s views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260402604776\/en\/<\/a><\/span><\/p>\n
- Real-Time, API-Driven Payments: <\/b>24\/7\/365 money movement and settlement, including payments in fiat or SoFiUSD or selected crypto currencies, enabling businesses to operate at the speed of global markets without the limitations of traditional banking hours.\n<\/li>\n
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