Home / Business and Economy / SoFi Technologies Triples in Value, Poised to Become a Top U.S. Bank
SoFi Technologies Triples in Value, Poised to Become a Top U.S. Bank
7 Oct
Summary
- SoFi Technologies' stock has more than tripled in value over the past year
- The company aims to become a one-stop shop for consumers' financial needs
- SoFi has reached a recent market capitalization of $30 billion
As of October 7th, 2025, SoFi Technologies (NASDAQ: SOFI), a fintech company, has emerged as a rising star in the financial industry. Over the past year, the company's stock has more than tripled in value, up 233% as of the current date.
SoFi Technologies is a bank that aims to become a one-stop shop for consumers, allowing them to manage a wide range of financial matters through its multifaceted app. The company currently has over 10.9 million members who trust SoFi to handle their borrowing, saving, spending, investing, and financial protection needs. Additionally, SoFi's technology platform, Galileo, is used by fintechs, financial institutions, and brands to build and manage innovative financial solutions across 158.4 million global accounts.
In its recent second-quarter report, SoFi showcased impressive growth, with revenue up 44% year-over-year and member growth up 34% to 11.7 million. The company has reached a recent market capitalization of $30 billion, and industry experts predict it could become one of the largest banks in the United States within the next decade.
