SoFi, originally launched in 2011 to help young people refinance student loans, has transformed under CEO Anthony Noto (since 2019) into a comprehensive digital banking platform offering loans, checking and savings accounts, credit cards, stock investing, and crypto trading, becoming the first nationally chartered FDIC-insured bank in the United States to offer crypto to customers.
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Is SoFi the future of banking? You might be surprised.Added:
First, what even is SoFi? SoFi is short for social finance. Started in 2011 helping young people refinance student loans. Under a CEO we know as Anthony Noto who took over in 2019, it became something much bigger. Today on the SoFi app you get a loan, a checking account, a savings account, a credit card, stock investing, and crypto trading. It is the first nationally chartered FDIC insured bank in the United States to offer crypto to its customers. A real regulated modern bank that lives on your phone.
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