SoFi’s Stellar Growth Trajectory: A Banking Disruptor Defying Market Expectations
SoFi Technologies (SOFI) has surged 267% over the past year, defying its post-SPAC slump in 2022. The fintech pioneer tripled its membership base since 2021, adding a record 846,000 users in Q2 alone—a 34% YoY leap. Adjusted net revenue grew 44%, while profitability milestones continue to surprise investors.
The company's banking-as-a-platform strategy shows remarkable execution, with diversified fee income streams complementing Core lending growth. This performance challenges traditional valuation models for fintech disruptors, suggesting untapped potential despite the recent rally.