Social Finance, Inc.

SoFi stock demonstrated a rise in its stock price after going public via an IPO by merging with Social Capital Hedosophia Corp V.

With OCC’s license, it will be easier for SoFi to become a national bank. However, the company still has to wait for formal approval from the Federal Deposit Insurance Corporation and the Federal Reserve.

Fintech giant app Paypal has partnered with Paxos to launch a new crypto service. This new venture will serve more than 300 million PayPal users.