SoFi Named to CNBC World’s Top Fintech Companies 2023 List
August 02 2023 - 10:00AM
Business Wire
SoFi Technologies, Inc. (“SoFi”), the digital personal finance
company, has been named to CNBC’s list of the World’s Top Fintech
Companies 2023. This prestigious award is presented by CNBC and
Statista Inc., the world-leading statistics portal and industry
ranking provider.
“We’re thrilled to be featured on CNBC’s first list of World’s
Top Fintech Companies, highlighting our continued growth and
commitment to helping our members get their money right by giving
them the tools to spend better, save better, invest better, and
protect better,” said Anthony Noto, CEO of SoFi. “SoFi knows
consumers are increasingly looking for digital-first solutions and,
since receiving our bank charter last year, we’ve continued to
improve our offerings and provide a better digital banking
experience for anyone and everyone.”
SoFi was honored in the Neobanking category for the first-ever
list of World’s Top Fintech Companies.
In 2022, SoFi obtained a national bank license¹, allowing the
company to remain incredibly flexible in a rapidly changing
environment while also bolstering and diversifying the company’s
sources of funding. Shortly after, SoFi Checking and Savings was
launched, offering members more control over their money
management. Since launch, SoFi Checking and Savings has offered a
highly competitive annual percentage yield (APY), including up to
4.50%² on savings balances for members with direct deposit, 10x³
the national average savings rate.
SoFi members grew by more than 44% year-over-year, with the
company helping more than 6.2 million people get their money right
by halfway through 2023 with a full suite of financial products and
services designed to help them at every stage in their financial
life.
About the Award
The awards list was announced on August 2nd, 2023, and can
currently be viewed on the CNBC website.
For the first time, CNBC and Statista are awarding the World’s
Top Fintech Companies in nine different market segments. The top
list is based on the analysis and weighting of overarching and
segment-specific KPIs derived from the following research
methods:
- Collection of publicly available data points for more than
1,500 companies: In-depth research into relevant KPIs was
collected for a previously compiled longlist of eligible companies
using publicly available sources such as annual reports, company
websites, or newspaper articles.
- Open online application form filled out by more than 100
companies: In an open online application, announced and
promoted via the CNBC website, companies had the opportunity to be
considered for the top list by submitting relevant KPIs.
About SoFi
SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for
digital financial services on a mission to help people achieve
financial independence to realize their ambitions. The company’s
full suite of financial products and services helps its more than
6.2 million SoFi members borrow, save, spend, invest, and protect
their money better by giving them fast access to the tools they
need to get their money right, all in one app. SoFi also equips
members with the resources they need to get ahead – like career
advisors, credentialed financial planners, exclusive experiences
and events, and a thriving community – on their path to financial
independence.
SoFi Technologies innovates across three business segments:
Lending, Financial Services – which includes SoFi Checking and
Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi
Insights – and Technology Platform, which offers the only
end-to-end vertically integrated financial technology stack. SoFi
Bank, N.A., an affiliate of SoFi, is a nationally chartered bank,
regulated by the Federal Reserve, OCC, and FDIC. The company is
also the naming rights partner of SoFi Stadium, home of the Los
Angeles Chargers and the Los Angeles Rams. For more information,
visit SoFi.com or download our iOS and Android apps.
DISCLOSURES
1. ©2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal
Housing Lender.
2. SoFi members with direct deposit can earn up to 4.50% annual
percentage yield (APY) on savings balances (including Vaults) and
0.50% APY on checking balances. There is no minimum direct deposit
amount required to qualify for the 4.50% APY for savings. Members
without direct deposit will earn up to 1.20% annual percentage
yield (APY) on savings balances (including Vaults) and 0.50% APY on
checking balances. Interest rates are variable and subject to
change at any time. These rates are current as of 8/2/2023. There
is no minimum balance requirement. Additional information can be
found at http://www.sofi.com/legal/banking-rate-sheet.
3. 10x based on FDIC monthly savings account rate as of July 17,
2023.
SOFI-F
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version on businesswire.com: https://www.businesswire.com/news/home/20230802343772/en/
Media Rachel Rosenzweig rrosenzweig@sofi.org
Investor Relations IR@sofi.org
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