SoFi Adds 1 Million New Customers in Q4, Expands into Blockchain and Global Payments

SoFi Technologies added a record 1 million new customers in Q4, taking its total to 13.7 million. The company is expanding into blockchain and cryptocurrency products, and outlined a plan to extend its digital banking and payments platform to international markets. SoFi's push into these areas presents a different business mix and risk profile compared to its early lending focus.