SoFi Technologies, Inc. is an American personal finance and financial technology company. Founded at Stanford University in 2011, it operates as a direct bank, and supports other financial service providers through its technology platform. SoFi reports 8.8 million users and 158 million platform accounts as of 2024. In its early years, SoFi focused on providing student loans, using data science to assess risk and offer borrowers lower interest rates. Over time, the company expanded its offerings to include mortgages, personal loans, auto loans, credit cards, stock investing, insurance, estate planning and bank accounts, ultimately obtaining a U.S. bank charter. SoFi also began supporting other financial institutions with its technology platform during this period. As of 2024, the company has gained recognition as a "one-stop shop" for financial services, noted for its "competitive rates" on savings accounts and "free access" to professional financial advisors. Its loan offerings have also been well received. Wikipedia