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SoFi

SoFi Technologies Surges as Digital Banking Dominates Wall Street

SoFi Technologies Inc. has stepped into the spotlight with its most impressive quarter to date, recording a historic $7 billion in personal-loan originations and a 34% leap in new memberships. With total revenue up 44% and earnings beating estimates, the digital finance firm has raised its full-year forecast and continues to expand its product range. As traditional banks watch from the sidelines, SoFi’s smooth, sharp, and steady rise signals a bold shift in modern banking’s next big chapter.

STORY HIGHLIGHTS

  • Personal loans at $7 billion, up 66%

  • Student loans hit $1 billion, up 35%

  • Home loans near $800 million, up 92%

  • 850,000 new members added, up 34% YoY

  • Revenue at $858 million, up 44%, beating estimates

  • Earnings per share: 8 cents, vs. 6-cent consensus

  • 2025 target: 3 million new members

  • New full-year guidance: $3.375 billion in adjusted revenue

SoFi Technologies Inc., the San Francisco-based financial-technology company, has marked a major milestone in its business expansion, reporting the highest loan origination and member growth in its history. In a sector where traditional banks continue to grapple with changing consumer behavior, SoFi’s performance signals a steady shift in momentum toward digital-first finance platforms.

In the second quarter, SoFi originated $7 billion in personal loans—an increase of 66% over the same period last year. This surge was accompanied by a 35% jump in student loan originations, reaching $1 billion, and a 92% rise in home-loan originations, which stood at around $800 million.

The company attributes much of this growth to new product innovations tailored to evolving customer needs. A personal loan designed for prime credit-card holders and the rollout of a home-equity offering were both cited as key drivers. These products are part of what SoFi described as an “expanded product roadmap,” which has helped the company diversify its appeal across lending categories.

“This consistent, disciplined investment across our platform, combined with unmatched products and services, uniquely positions us to capture the massive and expanding opportunities ahead,” said Anthony Noto, SoFi’s Chief Executive, in a statement released Tuesday.

The company also announced that it added 850,000 new members during the quarter—a 34% increase compared to the same time last year. Membership growth has become a key metric for SoFi as it expands its ecosystem of savings, lending, investing, and financial planning tools.

Looking forward, SoFi expects to add at least 3 million new members across 2025, which would represent a 30% year-over-year increase. These figures underline the company’s confidence in sustaining its current momentum amid a broader push for digital transformation in financial services.

Analysts have taken note of the company’s performance and outlook. Tim Switzer, an analyst with Keefe, Bruyette & Woods, wrote in a note to clients,

“The growth outlook for SoFi clearly appears to be improving as the company continues to accelerate member and product growth with its diverse product roadmap.”

He also pointed out that SoFi’s technology segment had secured a new client, which adds another layer of strength to its operations beyond just lending.

In terms of financials, SoFi reported adjusted net revenue of $858 million, marking a 44% increase from the previous year. This figure also beat the FactSet consensus of $804 million, making it the strongest growth rate for the company in over two years.

Earnings per share came in at 8 cents, exceeding the market expectation of 6 cents.

In response to the strong quarter, the company raised its full-year guidance. SoFi now forecasts $3.375 billion in adjusted net revenue, an upgrade from its previous range of $3.235 billion to $3.31 billion. It also bumped up its profit outlook to 31 cents per share, up from the earlier 27–28 cents estimate and above the 28-cent consensus.

In a separate research note, Andrew Jeffrey of William Blair added,

“It is our opinion that the Street is only now beginning to appreciate the extent and speed of SoFi’s disruptive digital banking offerings. Traditional banks will not be able to compete, in our view, and will rapidly lose share to SoFi as the company brings to bear the widest selection of savings, spending, lending, investing, and advice offerings.”

SoFi’s strong quarter, bolstered by product innovation, member growth, and beating Wall Street expectations, paints a picture of a fintech company rapidly consolidating its position in a competitive sector. As traditional banking institutions struggle to match the agility and scale of digital platforms, SoFi seems poised to capture an even greater share of the future financial landscape.

SoFi Technologies’ latest performance underscores a powerful shift in consumer trust toward digital-first financial platforms. With record-breaking loan originations, sharp member growth, and rising revenue, the company is not only exceeding market expectations but also redefining competition in the banking space. As it upgrades its forecasts and expands product innovation, SoFi appears well-positioned to carve a dominant role in the future of finance—leaving traditional lenders racing to keep pace in an increasingly digital economy.

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Kaden Groves Rises from the Ashes with Dazzling Tour de France Stage Win

Amid heartbreak and high hopes, Alpecin-Deceuninck has staged a dramatic comeback at the Tour de France. After early glory and the painful exit of team leaders Jasper Philipsen and Mathieu van der Poel, the team struck gold again with Kaden Groves’ breathtaking solo victory on Stage 20. Conquering the Jura hills alone, the Australian secured his place among cycling’s elite with Grand Tour wins in all three majors—Tour, Giro, and Vuelta—proving that strength often blooms when least expected.

STORY HIGHLIGHTS

– Alpecin-Deceuninck lost stars Jasper Philipsen (broken collarbone) and Mathieu van der Poel (pneumonia) early in the Tour
– Kaden Groves wins Stage 20 in Pontarlier with a powerful solo attack
– Becomes 114th rider to win a stage in all three Grand Tours (Tour, Giro, Vuelta)
– Groves: “It’s incredible to win solo… a different emotion to a bunch sprint”
– Team now holds three stage wins—trailing only Soudal Quick-Step and UAE Team Emirates-XRG

It has been a Tour de France of sharp contrasts for Alpecin-Deceuninck. What began as a dream opening—with consecutive stage wins and moments of glory in both the yellow and green jerseys—quickly took a harsh turn. Within days, the team lost both its talismanic leaders: Jasper Philipsen, sidelined by a broken collarbone, and Mathieu van der Poel, forced to abandon the race with pneumonia. The impact was not just strategic—it struck at the heart of the team’s identity.

This was no ordinary setback. Alpecin-Deceuninck have long been seen as a team built around Philipsen’s speed and Van der Poel’s aggressive flair. Their departures left a gaping void, both in the tactical plan and the team’s morale. For any squad in the Tour’s elite field of 23, such blows would be difficult to overcome. But for a team so heavily reliant on two standout names, the challenge was amplified.

Yet, in a sport where resilience often defines greatness, Alpecin found a new gear. As the peloton approached the final weekend—exhausted from weeks of punishment and racing across France—14 teams still hadn’t tasted victory. Alpecin-Deceuninck, against the odds, not only managed to recover but also collected their third stage win. This time, it came not from the headline-makers, but from the quietly consistent Kaden Groves.

The 26-year-old Australian timed his effort to perfection on the lumpy terrain of Stage 20, which wound through the Jura mountains and finished in the town of Pontarlier. He escaped with 15 kilometers remaining and capitalized on a moment of hesitation between fellow breakaway riders Frank van den Broek and Jake Stewart. Groves surged ahead alone—and never looked back.

“I am incredibly happy and incredibly proud of this team,” Groves said, visibly emotional at the finish. “We’ve had quite a rollercoaster Tour.”

That sense of emotional highs and lows has defined the race for Groves personally as well. By his own admission, he hasn’t felt at his best.

“On a personal note, I’ve not been sprinting super well—I’ve been missing raw speed,” he reflected. “But in the third week of the Grand Tour, I finished the mountains well and today we thought I’d try my chance in the breakaway.”

What followed wasn’t part of any planned script. With the peloton unable to mount a serious chase and the breakaway group unwilling to collaborate, Groves seized his moment. His solo ride to victory—crossing the line 54 seconds clear of the rest—was not just impressive; it was historic.

Groves became the 114th rider in cycling history to win stages in all three Grand Tours: the Tour de France, Giro d’Italia, and Vuelta a España. A rare feat, and one that elevates him to a new level in the sport.

“I think that’s something that might not happen again for me—it’s incredible to win solo,” he said, describing the final moments of his ride. “It’s certainly a different emotion to a bunch sprint. In a bunch sprint, you don’t have time to think, and today was a situation I’ve never been in before.”

“I just focused on arriving to the line and thought that I’d enjoy it afterwards. The final kilometre was certainly not enjoyable,” he added with a tired smile.

For Groves, the journey to this win has been one of consistency and quiet determination. His last eight victories have all come in three-week races. That consistency, combined with tactical sharpness, has made him a rider for the big occasions—something that hasn’t gone unnoticed within his team.

Christoph Roodhooft, Alpecin’s lead sports director, admitted he didn’t fully expect the outcome but wasn’t surprised by Groves’ ability.

“It’s almost unbelievable,” Roodhooft said. “We know he’s a strong rider, but the way he did it was exceptional.”

“We knew winning today was within his possibilities,” he continued, “but I have to be honest and say I did not really believe in it. Parcours-wise, it was possible—and he proved it.”

Roodhooft acknowledged that Groves might not have the top-end speed of some elite sprinters, but his strength as a complete rider sets him apart.

“He’s more of a very strong rider than a pure sprinter,” he explained. “As a sprinter, he doesn’t maybe have the highest speed that’s needed, but as a normal rider, he’s extremely strong.”

Indeed, Groves’ ability to adapt and thrive without the shelter of his team’s usual sprint train makes this win even more significant. It was not just a personal triumph—it was a validation of Alpecin-Deceuninck’s depth and resilience in the face of adversity.

And while the Tour heads into its final stretch toward Paris, Kaden Groves has already answered the lingering question he’s often faced: whether he could step up on cycling’s biggest stage.

“Having won in the Giro d’Italia and Vuelta a España, all I ever get asked is, ‘am I good enough to win the Tour?’” he said. “And yeah, now I have them.”

Kaden Groves’ triumphant solo ride in Stage 20 not only salvaged Alpecin-Deceuninck’s turbulent Tour de France but also reaffirmed the depth and resilience of a team known for its stars. With his name now etched among Grand Tour stage winners across all three major races, Groves has risen from the shadows to seize his moment. In a race defined by drama, loss, and redemption, his performance stands as a quiet, powerful reminder that even in the absence of giants, greatness can still emerge.

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