bullish
Beyond Student Loans
SUMMARY
- With the inception of the pandemic, borrowers have largely been wrestling with financial distress, compelling fintech companies like SoFi technologies, which banks on student loan financing, to largely reimagine their business model.
- SoFi has moved away from its core business over the past three years, instead casting a wider net, extending its services to include diverse financial products, personal loans, and its banking-as-a-service business targeting enterprise customers.
- In 2023, SoFi has had to grapple with mounting external pressures emanating from a slowing economy.
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