SoFi Posts First Profit as Digital Bank's Membership and Offerings Rapidly Expand

• SoFi is a fintech company with a digital-only business model disrupting traditional banking • SoFi aims to be a one-stop shop for financial services like banking, investing, and lending • SoFi had 7.5 million members at end of 2021, up 44% year-over-year • SoFi posted its first ever profit in Q4 2021 and expects to remain profitable going forward • SoFi stock trades at a discount compared to other fintech companies despite strong growth and profitability