SoFi, a U.S.-based personal finance and financial technology company, has secured a loan agreement of up to $5 billion from Blue Owl Capital, marking its largest deal to date, and reinforcing the growing shift from traditional banks to fintech lenders. The agreement allows SoFi to expand its personal loan offerings while generating fee-based revenue, aligning with its strategy to diversify income streams. With fintech lending gaining traction amid high interest rates and stricter bank lending standards, SoFi’s loan platform business saw significant growth, originating $2.1 billion in loans and driving a 74% surge in fee-based revenue in 2024.

SoFi Seals $5 Billion Loan Agreement as Fintech Lending Gains Ground