1 Reason Every Investor Should Know About SoFi Technologies (SOFI)
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SoFi Technologies (SOFI) shares have surged 198% in the past year, driven by strong financial performance and growing customer base, which reached 11.7 million as of June 30, a 34% increase year-over-year. Revenue grew by 43% in Q2, with projections of 31% growth in 2025. CEO Anthony Noto aims for SoFi to become a top 10 financial institution, supported by plans to expand offerings, including cryptocurrency trading and an international money-transfer service using Bitcoin's lightning network.
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