SoFi Expands Loan Platform Business With $2B Agreement With Fortress Investment Group, Expanding SoFi's Capabilities In Its Loan Platform Business, Where The Company Refers Pre-Qualified Borrowers To Loan Origination Partners As Well As Originates Loans On Behalf Of Third Parties
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies, Inc. has announced a $2 billion agreement with Fortress Investment Group to expand its loan platform business. This deal enhances SoFi's ability to refer pre-qualified borrowers to loan origination partners and originate loans for third parties.
October 14, 2024 | 12:12 pm
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SoFi Technologies has entered a $2 billion agreement with Fortress Investment Group to enhance its loan platform business, which will improve its loan origination and referral capabilities.
The $2 billion agreement with Fortress Investment Group is a significant expansion of SoFi's loan platform business. This deal will likely enhance SoFi's capabilities in loan origination and referrals, potentially leading to increased revenue and market share. The positive impact on SoFi's business model and growth prospects suggests a likely upward movement in its stock price.
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