Tech platform expands in Latin America

BamBamInvest · 2025-04-29T12:28:52.737158Z

$SOFI "SoFi has also recently signed an agreement with Mercantil Banco, which provides retail and commercial banking services in Panama and will use our Cyberbank digital banking platform."

Sofi Q1 - Earnings Highlights 🚀

$SOFI (-1,57 %)

This is the way 😎✌️

- USD 0.06 earnings per share compared to the expected USD 0.03

- USD 772 million in revenue compared to the expected USD 739 million

- 800,000 new members have joined

Sales growth:

Tech platform +10 % year-on-year

Financial services +100 % year-on-year

Lending +25 % year-on-year

FY25 revenue guidance increased by USD 85 million and earnings per share increased by 2 cents.

"We have made an excellent start to 2025. In the first quarter, we delivered sustainable growth and strong returns thanks to our relentless focus on product innovation and brand building," said Anthony Noto, CEO of SoFi.

Tech platform expands in Latin America 🚀

Sofi Q1 - Earnings Highlights 🚀