SoFi Seals Multi-Billion Dollar Deals To Fuel Personal Loan Boom

On Thursday, SoFi Technologies, Inc. (NASDAQ:SOFI) said it is expanding its Loan Platform Business (LPB) through three new partnerships expected to generate more than $3.6 billion in personal loan funding. Details This includes a transaction with a leading global bank for over $1 billion and a separate agreement with a financial services group for $600 million over the next 12 months. Additionally, SoFi has secured terms with a top-five global asset management firm, expected to provide up to $2 billion over a two-year period. These partnerships highlight the strong demand for personal loans and reflect SoFi’s strategy to drive capital-light, fee-based revenue by connecting borrowers with institutional capital. Notably, in 2025, SoFi’s Loan Platform Business obtained more than $10 billion in commitments to boost strong borrower demand. Muddy Waters Alleges Accounting Red Flags Last week, Muddy Waters, led by Carson Block, labeled SoFi a “financial engineering treadmill.” The report alleged that SoFi’s 2025 adjusted EBITDA was inflated by 90%. Muddy Waters suggested the true figure was $103 million rather than the reported $1.05 billion. The report also questioned loan charge-off rates and “Enron-esque” off-balance-sheet structures. SoFi management characterized the claims as a “fundamental lack of understanding” of their business. The company also signaled intent to “explore potential legal action” against the firm. Technical Analysis Currently, SoFi is trading 10.1% below its 20-day simple moving average (SMA) and 33.7% below its 100-day SMA, indicating that the stock is struggling to regain upward momentum. Over the past 12 months, shares have increased by 30.08% and are currently positioned closer to their 52-week lows than highs, reflecting a challenging market environment. The RSI is at 23.98, which is considered oversold territory, suggesting potential for a rebound if buying interest increases. Meanwhile, the MACD shows a value of -1.0884, with the signal line at -1.0873, indicating bearish pressure on the stock. The combination of oversold RSI and bearish MACD suggests mixed momentum, indicating that while the stock is oversold, there is still downward pressure. Key Resistance: $17.50 Key Support: $15.00 Earnings & Analyst Outlook SoFi Technologies is slated to provide its next financial update on April 28, 2026 (estimated). EPS Estimate: 12 cents (Up from 6 cents) Revenue Estimate: $1.05 billion (Up from $770.72 million) Valuation: P/E of 40.7x (Indicates premium valuation) Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $24.38. Recent analyst moves include: Wells Fargo: Initiated with Equal-Weight (Target $19.00) (Mar. 19) Truist Securities: Hold (Lowers Target to $21.00) (Feb. 18) Citizens: Upgraded to Market Outperform (Target $30.00) (Feb. 9) Benzinga Edge Rankings Below is the Benzinga Edge scorecard for SoFi Technologies, highlighting its strengths and weaknesses compared to the broader market: Growth: 93.39 — The stock shows strong growth potential compared to peers. Momentum: 12.83 — Indicates weak momentum, suggesting the stock is underperforming the broader market. The Verdict: SoFi Technologies’ Benzinga Edge signal reveals a growth-heavy profile with weak momentum, indicating a potential for recovery if market conditions improve. Vanguard Small Cap ETF (NYSE:VB): 0.43% Weight Vanguard Small Cap Growth ETF (NYSE:VBK): 1.00% Weight ARK Fintech Innovation ETF (NYSE:ARKF): 3.92% Weight Significance: Because SOFI carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. SOFI Price Action: SoFi Technologies shares were down 0.69% at $15.76 during premarket trading on Friday, according to Benzinga Pro data. Photo via Shutterstock