QUICK SPARK: SoFi Just Crossed a Major 'Everything App' Milestone
SoFi reached a key "everything app" milestone in Q2, adding twice as many products as members as cross-selling accelerated.
SoFi added more types of products (like savings accounts and investing tools) to its app faster than before, which means more customers are using more of what SoFi offers. When a company gets customers to use more services, it usually makes more money and keeps them around longer.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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