Fintech company SoFi Technologies is looking to raise $1.50 billion by issuing new shares to expand its product line beyond lending. According to the statement, the company is working with Goldman Sachs Group to advance the rights issue. According to people familiar with the matter, the issue price range is $27.50 to $28.50 per share, which is about a 7.1% discount from Thursday's closing price of $29.60.
Listed financial services company SoFi has launched SoFi Crypto, which allows users to trade Bitcoin, Ethereum, Solana and other crypto assets while also using the company's other banking services. The launch marks the company's first return to the crypto space since 2023 after it terminated its services after "careful consideration".
SoFi, a US financial technology company, has announced a strategic partnership with Lightspark to launch cross-border money transfer services using bitcoin network technology.