How does SocGen make money?
SoFi Technologies operates as a digital financial services platform and bank holding company, generating its revenue across three core segments: Lending, Technology Platform, and Financial Services. The company makes money primarily by originating and underwriting personal loans, student loan refinancing, and residential mortgages, capturing interest income and gains on loan sales. Furthermore, SoFi earns technology-platform revenue by licensing its Galileo and Technisys cloud-based banking infrastructure software to other financial institutions and corporate partners. Additional income is generated through its digital checking and savings accounts, investing products, credit cards, and fee-based insurance referral services.
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