How does Sofi make money?

Sofi makes money from loans, investments, banking, and insurance. Generally, Sofi offers products and services directly related to student loans. They often help students to refinance student loans at a lower rate, and then they make money by collecting interest on the new loan.

Along with making money through refinancing loans, Sofi makes money through various financial services. Sofi Money is a system of cash management accounts where Sofi makes money off interests from deposits. Sofi Invest works similarly with Sofi gaining capital through interests made on investments.