SoFi: member growth rate 2022

As of the first quarter of 2022, the total number of members of U.S.-based fintech company SoFi (Social Finance Inc.) had grown by roughly 60 percent compared to Q1 2021. SoFi is an online personal finance company which provides financial services and products such as personal and student loans, mortgages, credit card, investing, and banking. SoFi defines a member as someone who has a lending relationship with us through origination or servicing, opened a financial services account, linked an external account to our platform, or signed up for our credit score monitoring service.

Percentage change on the previous year in the number of unique members at SoFi Inc. from 3rd quarter 2019 to 1st quarter 2022

Characteristic	Year-on-year percentage change
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Release date

May 2022

More information

Region

United States

Survey time period

Q3 2019 to Q1 2022

Supplementary notes

The source adds the following information: "Members are defined as someone who has a lending relationship with us through origination or servicing, opened a financial services account, linked an external account to our platform, or signed up for our credit score monitoring service. Once someone becomes a member, they are always considered a member unless they violate our terms of service. This means that our members have continuous access to our CFPs, our career advice services, our member events, all of our content, educational material, news, tools and calculators at no cost to the member."

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