SoFi Secures $375M Personal Loan Securitization with BlackRock Funds

SoFi Technologies has reached an agreement to place a $375 million personal loan securitization with funds managed by BlackRock investment advisors. This move will provide SoFi with access to additional capital, allowing them to expand their lending capabilities and better serve their members. The transaction is expected to settle by mid-November and is backed by a pool of SoFi personal loan collateral.