SoFi Steps Back on New Initiatives

According to the WSJ, SoFi is pulling back on its expansion to foreign markets and asset management; two executives, Peter Early and Arkadi Kuhlmann are leaving the firm as part of the shift in focus; they led asset management and banking respectively at SoFi; despite some of the challenges the company extended $3.52 billion in loans in the third quarter, up almost 80% from the same period last year. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!