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SoFi profile

Who owns SoFi?

traditional · San Francisco, US · Licensed bank · custody: Custodial

short answerSoFi holds its own banking licence, so SoFi itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor. SoFi's most notable disclosed backers include SoftBank, Silver Lake and Qatar Investment Authority.

Is SoFi a licensed bank?

Yes — it holds its own banking licence. Licence detail: National bank charter (2022).

Where is your money held?

Custody model: Custodial — on SoFi's own balance sheet as a licensed bank.

SoFi runs on: Technisys (core banking platform). Full stack on the infra map.

Who's behind SoFi?

SoFi was founded by Mike Cagney, Dan Macklin, James Finnigan, Ian Brady (2011), headquartered in San Francisco, US.

Early investors

Notable venture and strategic investors from SoFi's publicly disclosed funding rounds (Public (SOFI)).

SoftBank ↗ Silver Lake ↗ Qatar Investment Authority ↗

Is my money safe with SoFi?

As a licensed bank, eligible deposits at SoFi are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full SoFi profile with every verified field, or SoFi alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.