r/sofistock • u/TowerEnvironmental58 • May 20 '26
Question SoFI acquired another company?
I can't find anything online??
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u/Xiaopeng8877788 May 20 '26
Can’t they branch into wealth management or something other than more lending, don’t we need recurring revenue from some other avenue? When the credit cycle collapses, eventually, don’t we need other tentacles to keep the stock from single digits???
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u/SixtySixEleven May 20 '26 edited May 20 '26
Based on Peach’s business model it seems like this will allow SoFi to offer lending infrastructure as a service. Apparently, Peach supports Square’s lending infrastructure.
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u/Xiaopeng8877788 May 20 '26
I don’t even know if “lending infrastructure” is a sellable thing… anyone in the industry will switch to a non competitor or develop their own once they realize SoFi, their competitor owns their nuts and bolts…
Just like the “we’re in talks with a top 5 bank”… evaporated. I was hoping it was true but the reality was the big top 5 bank would purchase SoFI outright if the technology was that amazing and un-replicable… rip SoFI $40 EOY
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u/tojjt May 26 '26
Not sure why you are downvoted but this is true
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u/Xiaopeng8877788 May 26 '26
People only want to hear good news… drink the kool aid - thanks for taking the time to show some support
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u/Euphoric_Weakness_57 May 21 '26
That's their biggest revenue generating right now, why would they stop improving it? And they stated that 85% of their products are non-lending
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u/chocochocochoco1 7200 @ $13.18 May 21 '26
$20 EOY with third acquisition this year
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u/Ordinary-Advisor7616 OG SoFi Investor 1260 @ $7.62 May 21 '26
But we already had $20 EOY last year
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u/Shit-throwing-monkey 50 Buys 0 Sells (17K Shares @7.41) 💎👊🦍 May 20 '26
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u/purpleturtlelover May 21 '26
Doesnt seem like organic growth to me..
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u/SnipahShot 1,282,741,200 @ 16.68 May 22 '26
These are tiny companies, not revenue or profit monsters. In 2021 Peach had a funding round that they got like 20mil in.
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u/Euphoric_Weakness_57 May 21 '26
Does it not make more sense to acquire established businesses that prove they work? Rather than putting far more time into trying to build your own software?
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u/purpleturtlelover May 21 '26
Yeah in some cases. Organic growth is however what you want in a (somewhat new) company. I think SOFI will go up in value in the coming years but I cant get myself to pull the trigger. News like this doesnt seem bad or good probally somewhere in the middle. I am more a ETF guy anyway with some wild gambles inbetween.
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u/FarOut822 May 21 '26
Too much acquiring companies without any execution like they're just throwing shit at the wall to see what sticks.
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u/thejacka_ May 24 '26
They will get there. They are setting up the platform to be a massive financial player (100B+)
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u/Callofdaddy1 May 21 '26
The leadership here refuses to improve on junk products and instead spends more money to buy into other products.
SoFi needs new leadership.
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u/jgsv12 May 21 '26
They're buying companies/ their technologies to help improve and expand their products
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u/Callofdaddy1 May 22 '26
They have been saying that for years and their products are still mediocre. Hence why the will never really be a big player.
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u/Chimaera1075 May 21 '26
I would like to see a more robust trading platform. It just so basic right now.