FSPL

SoFi Technologies, Inc. Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 1, 2023
Professional Services, Apps, Applications, Technology, Finance, Fintech, Banking, Personal Finance, Advertising, 600 (number), Financial services, Marketing, COVID-19, Wealth, Xi, Form 10-K, GAAP, Forecasting, European Technology Platform on Smart Systems Integration, EBITDA, FSPL, Acquisition, Investment, Hyperaccumulators table – 2 : Nickel, XV, Webcast, Growth, Security (finance), Annual report, SoFi, Environment, Bank, Risk management

Includes SoFi Checking and Savings accounts held at SoFi Bank, and cash management accounts.

Key Points: 
  • Includes SoFi Checking and Savings accounts held at SoFi Bank, and cash management accounts.
  • Management expects to generate $470 to $480 million of adjusted net revenue in the second quarter of 2023, up 32% to 35% year-over-year, and $50 to $60 million of adjusted EBITDA.
  • Management expects to reach quarterly GAAP net income profitability by the fourth quarter of 2023, with GAAP net income incremental margins for the full year of 20%.
  • Management will further address second quarter and full-year 2023 guidance on the quarterly earnings conference call.

SoFi Technologies, Inc. Acquires Leading Fintech Mortgage Lender, Wyndham Capital Mortgage

Retrieved on: 
Monday, April 3, 2023
Professional Services, Data Management, Apps, Applications, Technology, Software, Finance, Fintech, Communication, Wyndham Capital Mortgage, Trust, FSPL, Acquisition, Growth, SoFi, Economics, Real estate, Bank

Today, SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender in an all cash transaction.

Key Points: 
  • Today, SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender in an all cash transaction.
  • While the transaction is not expected to be material to the company’s 2023 financial outlook, it is expected to be accretive within six months.
  • The acquisition – which includes the integration of both talent and technology from Wyndham Capital – will allow SoFi to broaden its suite of mortgage products available to members, enhance unit economics, and take ownership of an intelligent and scalable platform that has set the industry standard for a fully digital mortgage experience.
  • SoFi’s acquisition of Wyndham Capital enables savings for current and prospective homeowners in both time and money through transparent rates and a seamless application process.

CMGE Ventures into Sport Games with Code: Basketball 3V3 under Development

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Thursday, August 11, 2022
Online, IOC, Chinese Basketball Association, PC, MOBA, Olympic, CFA, FIBA, City, SFSA, DIY, 2019 FIBA Basketball World Cup, Industry, CEFL, Sport, R, CEO, VR, English Football League, Ecology, Central Committee of the Chinese Communist Party, AAA, State Council, World Cyber Games, FSL, Belt, Super 3, FIFA, CNY, International, Unity, Design Workshop, Partnership, Foot, Go for Your Life (fitness program), Kilkenny Design Workshops, Tokyo, Element, National Congress of the Chinese Communist Party, Qatar Stars League, Unity (game engine), Culture, Gold, Central China, Chinese Football Association, FSPL, WCG, Time, CBA, Sports equipment, Entertainment

In addition, as 33 basketball, a mode of street basketball, has been officially included as an official Olympic sport since the Tokyo 2020 Olympic Games, it is recognized as the world's most popular team sport in cities worldwide as an emerging sport style.

Key Points: 
  • In addition, as 33 basketball, a mode of street basketball, has been officially included as an official Olympic sport since the Tokyo 2020 Olympic Games, it is recognized as the world's most popular team sport in cities worldwide as an emerging sport style.
  • The popularity of 33 basketball among people has set a solid foundation for its development in China.
  • Focusing on 33 basketball (street basketball), CMGE determines to independently develop its cross-platform game Code: Basketball 3V3 and build a "street basketball-based e-sport ecology" featuring Chinese style.
  • Similar to Freestyle, Code: Basketball 3V3, according to its developer, features street basketball bullfighting and gameplay of 2V2, 3V3, Olympic mode and others.

SoFi Technologies, Inc. Reports First Quarter 2022 Results

Retrieved on: 
Tuesday, May 10, 2022
Finance, Banking, Professional Services, Technology, Software, COVID-19, History of the Los Angeles Rams, FSPL, U.S. Securities and Exchange Commission, Wealth, Investment, 100,000, Xi, GAAP, File, EBITDA, Twitter, Securities Exchange Act of 1934, Hyperaccumulators table – 2 : Nickel, Securities Act of 1933, Annual report, Security (finance), Webcast, Acquisition, European Technology Platform on Smart Systems Integration, Environment, Compliance, Form 10-K, History of the Los Angeles Chargers, Financial services, Government, Advertising, Forecasting, Marketing, LinkedIn, SoFi Stadium, IOS, Android, Technology, Growth, Awareness, Social media, XV, Bank, Video game, Risk management, SoFi

This category includes the SoFi Money cash management accounts, as well as the SoFi Checking and Savings accounts held at SoFi Bank, which began operating in the first quarter of 2022.

Key Points: 
  • This category includes the SoFi Money cash management accounts, as well as the SoFi Checking and Savings accounts held at SoFi Bank, which began operating in the first quarter of 2022.
  • Management will further address second quarter and full-year 2022 guidance on the quarterly earnings conference call.
  • A replay of the webcast will be available on the SoFi Investor Relations website for 30 days.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.