SoFi raised its profit guidance for a third time this year as the fintech benefited from efforts to diversify beyond the student-lending business that made its name. SoFi CEO Anthony Noto joins Caroline Hyde and Ed Ludlow to discuss the latest earnings and the company's move from being "just a lender." He speaks on "Bloomberg Technology."
Presently, Anthony J. Noto is Chief Executive Officer & Director at Social Finance, Inc. and Chief Executive Officer & Director at SoFi Technologies, Inc. He is also on the board of Franklin Resources, Inc. and The Greenwich Academy, Inc.
In the past he held the position of Chief Operating Officer for Twitter, Inc., Chief Financial Officer of National Football League, Inc. and Research Analyst at Goldman Sachs & Co. LLC.
Anthony J. Noto received an undergraduate degree from US Military Academy and an MBA from The Wharton School of the University of Pennsylvania.
SoFi Technologies, Inc. is a provider of financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel.