PANews|Jan 30, 2026 14:45
[Driven by Crypto Business Expansion, U.S. National Bank SoFi's Q4 Revenue Surpasses $1 Billion for the First Time]
According to The Block, driven by the expansion of its cryptocurrency business, SoFi Technologies, one of the largest online lending institutions in the U.S. and a fintech company, saw its fourth-quarter revenue surpass the $1 billion mark for the first time, with profits reaching $174 million. The company stated that it added 1 million new members in the fourth quarter, setting a record high, bringing the total number of members to 13.7 million, a 35% increase compared to the same period last year.
This San Francisco-based lending institution recently became the first national chartered bank to launch consumer cryptocurrency trading, followed by the rollout of the SoFiUSD stablecoin and blockchain-integrated remittance services in over 30 countries.
Earlier reports indicated that U.S. national bank SoFi launched the USD stablecoin SoFiUSD, which is now live on Ethereum.
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