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SoFi Steps Back on New Initiatives
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SoFi Steps Back on New Initiatives

SoFi Steps Back on New Initiatives

Fintech Nexus Staff·
FintechNews RoundupUSA
·Nov. 10, 2017·1 min read

According to the WSJ, SoFi is pulling back on its expansion to foreign markets and asset management; two executives, Peter Early and Arkadi Kuhlmann are leaving the firm as part of the shift in focus; they led asset management and banking respectively at SoFi; despite some of the challenges the company extended $3.52 billion in loans in the third quarter, up almost 80% from the same period last year. Source

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