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August 19, 2022
Finance Technologies

SoFi files banking charter application with OCC

Fintech firm SoFi has plans on becoming a bank, filing a national bank charter application with the Office of the Comptroller of the Currency (OCC). Second time’s the charm for SoFi and banking According to Business Insider, SoFi company CEO, Anthony Noto, wrote an email to staff outlining the plans. He wrote that the start-up has “thought long and hard” about taking the new route. The SoFi CEO states that the banking application is a “critical step” in the firm’s development. Founded in 2011, SoFi provides student loan refinancing, mortgages, personal loans, and investing. The firm is worth more than…
SoFi files banking charter application with OCC

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