SoFi Stock Rises, Lifted by $2B Fortress Capital Loan Deal

Key Takeaways SoFi Technologies announced a $2 billion deal with Fortress Capital to grow its personal loans business. SoFi CEO Anthony Noto said the business can help SoFI "diversify toward less capital-intensive and more fee-based sources of revenue." Shares of SoFi were up over 8% in early trading Monday following the news. Shares of SoFi Technologies (SOFI) rose Monday morning after the digital financial services company announced a $2 billion deal with Fortress Capital to grow its personal loans busine ...