Lending Fintech Platform SoFi's Revenue Jumped More Than 55% in Q3
Business
Nasdaq-listed lending fintech SoFi (SOFI) said third-quarter revenue jumped more than 55% from the year-earlier quarter to $424 million.
The platform, which has a digital asset trading subsidiary, also said in a filing that earnings before interest, taxes, depreciation and amortization (EBITDA) surged $44.3 million, more than quadruple the $10.25 million of third-quarter 2021.
Membership increased 1.8 million over the year, including a jump of 424,000 last quarter, to a total of 4.7 million.
SOFI shares rose more than 13% to $6.17 in pre-market trading.
Read more: WisdomTree's Q3 Crypto Assets Under Management Falls 36%
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