SoFi: SoFi Secures $3.2 Billion Expansion to Loan Platform Business Across Agreements With Fortress and Edge Focus

SoFi Technologies, Inc. announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group ("Fortress"). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024.SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus.