
By Tolu Ajiboye
May 11th, 2022
Following an accidental and premature release of its Q1 2022 results, SoFi shares declined sharply due to an underwhelming Q2 forecast.
Finance company that offers a range of lending and wealth management services.
Social Finance, Inc. (commonly known as SoFi) is an American online personal finance company that provides student loan refinancing, mortgages, personal loans, investing and banking.
Following an accidental and premature release of its Q1 2022 results, SoFi shares declined sharply due to an underwhelming Q2 forecast.
SoFi saw its stock slide after it announced that it was buying Latin America-based banking software provider Technisys.
The company’s 2.56 million members, as recorded in its last quarterly report show that its closed market system is working.