Digital financial services company SoFi Technologies, Inc. (SOFI) reported third-quarter financial results with robust growth in members, products, and cross-buy. The company added 424,000 new members to end the quarter with 4.7 million total members, representing a 61% annual increase. Also, SOFI ended with approximately 7.2 million total products, up 69% year-over-year.
Anthony Noto, SOFI’s CEO, said, “Strength across all three of our business segments — Lending, Technology Platform and Financial Services — drove our record third quarter adjusted net revenue of $419 million and record adjusted EBITDA of over $44 million.”
