3 Reasons to Buy SoFi Stock Like There's No Tomorrow

Group 1: Company Growth and Transformation - SoFi has grown its membership from 3.4 million to over 10 million since going public in 2021, evolving into a full-featured online bank, yet it holds only about 1% of Bank of America's deposit base [1] - The company is building a capital-light, low-risk revenue stream through its loan platform business, which originated $1.1 billion in third-party loan volume in Q4, generating$63.2 million in fee income and $3.6 million in servicing fees [2][3] Group 2: Technological Advancements - SoFi aims to become the "Amazon Web Services of fintech," leveraging its Galileo technology platform to provide innovative financial solutions for enterprise clients [4] - In 2024, accounts powered by Galileo increased by 15% to 168 million, with the platform's contribution profit growing by 34% year-over-year, outpacing its 12% revenue growth [5] Group 3: Efficiency and Business Structure - The number of SoFi Money customers grew by 51% in 2024, while personal loans grew at a slower rate, indicating a shift towards a more productive business structure [7] - The ratio of financial services products to loans improved from 3.8-to-one in 2021 to 6.3-to-one, enhancing customer acquisition efficiency and creating a natural marketing funnel for loan products [8] Group 4: Future Potential - The company is beginning to explore its potential in credit card products, and there is an expectation for margin expansion as interest rates decrease [9]