SoFi Gets $2 Billion to Expand Its Loan Platform Business

Personal finance company SoFi is expanding its loan platform with a new $2 billion investment. The new "loan platform business agreement," announced Monday (Oct. 14), is based on funds that will be managed by affiliates of Fortress Investment Group. The agreement expands the capabilities of SoFi's loan platform business, where the company refers prequalified borrowers to loan origination partners, while also originating loans on behalf of third parties. "SoFi's loan platform business is an important part of ...