Higher interest rates are bad news for SoFi (NASDAQ: SOFI) stock investors.

Why Is SoFi Stock Crashing, and is it a Generational Buying Opportunity?

Key PointsEven a small investment can be well diversified to reduce risk and provide exposure to many trends.

5 Stocks to Start With if You Only Have $1,000

SoFi Technologies (NASDAQ:SOFI), a popular digital financial services platform, closed at $14.22, down 6.69%. The stock reached a 52-week low today, pressured by hotter-than-expected inflation data and pressure on lenders.

Stock Market Today, Oct. 14: SoFi Technologies Falls on Banking Weakness

Key PointsSoFi's cross-selling strategy is working, and product additions were double customer additions in the second quarter.

Should You Buy SoFi Stock Before Oct. 27?

Key PointsGrowth at PayPal’s branded checkout solution has faltered, hurting the company’s financial picture.

PayPal Is Yesterday's News. Is This Fintech Stock the Better Buy?

Key PointsDeposits are not only extremely sticky, but they also come at lower costs relative to other sources of capital.

A Bank Stock's Real Moat Is on the Deposit Side Of the Balance Sheet

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong. The company operates through three segments: Lending, Technology Platform, and Financial Services. It offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money; and personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform that provides software licenses and associated services, including implementation and maintenance. In addition, it provides SoFi Money offers checking and savings accounts, and cash management products; SoFi Invest, a mobile-first investment platform that offers access to trading and advisory solutions, such as investing and robo-advisory; and SoFI Crypto, a new digital asset trading platform. Further, the company offers SoFi Credit Card that provides cash back rewards on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees' behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and offers loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.

SoFi Technologies, Inc. News