Overview
- SoFi introduced SoFi Big Business Banking, a platform that lets enterprises manage fiat and crypto in one regulated account with 24/7 settlement and real-time transfers.
- The product pairs a national bank charter with API-based payments infrastructure so businesses can hold deposits, move money instantly, and streamline treasury tasks.
- SoFi shares rose in premarket trading after President Donald Trump announced a two-week pause on strikes against Iran that lifted broader market sentiment.
- Recent results showed quarterly revenue above $1 billion, fee-based revenue up 50% year over year, and loan sales increasing to $12.8 billion to transfer credit risk off balance sheet.
- Analysts flag a rich valuation near 41–43 times earnings and risks from personal-loan concentration near 70% and a 0.78 current ratio, with the next earnings update scheduled for April 29.