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SoFi’s 2Q17 Results and Earnings Comments
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SoFi’s 2Q17 Results and Earnings Comments

SoFi’s 2Q17 Results and Earnings Comments

Fintech Nexus Staff·
FintechNews RoundupUSA
·Aug. 4, 2017·1 min read

SoFi reported record earnings and loan volume in the second quarter with revenue of $134 million, adjusted EBITDA of $61.6 million and loan volume of $3.1 billion; in earnings comments, SoFi’s CEO, Mike Cagney, was more optimistic about a public offering, mentioning it as a part of a long term plan involved with the search for a new CFO; Cagney also discussed options for offering banking products and said he was optimistic about the approval of the company’s application for an industrial loan charter. Source

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