Reported 10 months ago
SoFi has evolved into a financial ecosystem aiming to replace traditional banks, with notable offerings but room for growth. The company is eyeing credit card expansion as a key focus area for the future, aiming to leverage its unique products, favorable cost structure, and innovation to create appealing credit card products. The credit card business presents a significant growth opportunity for SoFi, with the potential for sizable profit margins and long-term success, similar to established banks in the industry.
Source: YAHOO