- Dramatically fewer employees' overhead compared to traditional banks. (Large Traditional bank typically has 200K to 250K employees while SoFi has about 2.5K. Although SoFi is significantly smaller but nowhere near 100x smaller!)
- Brick and Mortar stores' maintenance costs are virtually nonexistent.
- Low overhead allows for high banking interest rates and low loan borrower rates over traditional banks.
- Partnership with Pagaya AI credit analysis allows more credit approvals without undue risk.
- “Flywheel” business model dramatically increases the number of customers across all segments of business while drastically decreasing customer acquisition costs.
- Unparallel publicity and advertisement with the magnificent SoFi Stadium which is the home of the 2022 NFL super bowl winner.
- We are just seeing the tip of the iceberg with the upcoming Q2 2022 earnings from the first impact of the bank charter.
- It is the most Diversified Fintech/Bank with Galileo, Technisys, Pagaya AI, and an All-in-one stop for your financial needs.
- The combinations of the powerful technology platforms with the most diversified Fintech/Bank give birth to an unprecedented powerhouse that is unmatched by any Traditional banks or Fintech.
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