SoFi Stock Is Falling Today – What Is Driving The Bears?

• SoFi said that it has closed a LPB transaction with a leading global bank for an expected loan delivery of over $1 billion.
• It has also agreed terms on a new partnership with a top-five global private asset management firm, expected to deliver up to $2 billion over a two-year period. 

SoFi Technologies stock fell more than 3% on Thursday as retail traders are mixed on its plans for the expansion of its Loan Platform Business (LPB). 

SOFI said that it is committing over $3.6 billion in personal loan delivery across three new partnerships. SoFi’s Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. These new agreements reflect the continuing strong demand for personal loans from both members and debt investors.

Details

SoFi said that it has closed a LPB transaction with a leading global bank for an expected loan delivery of over $1 billion and a separate LPB transaction with a financial services and insurance group for $600 million over 12 months.

Additionally, SoFi has also agreed terms on a new partnership with a top-five global private asset management firm, expected to deliver up to $2 billion over a two-year period. 

“Adding three new partners to our growing network shows the unique value of our Loan Platform Business to asset managers, institutional investors and partners more broadly,” said Anthony Noto, CEO of SoFi. “By connecting strong borrower demand with institutional capital, we’re building a capital-light, fee-based business that complements our overall lending business while leveraging our existing technology platform capabilities in underwriting, pricing, marketing and servicing.”

SoFi’s Loan Platform Business drives capital-light, fee-based revenue by earning fee income for originating loans for partners while retaining servicing rights. In 2025, SoFi’s Loan Platform Business secured over $10 billion in commitments to meet the borrower demand, the company said in its statement. 

How Did Retail Traders React?

Retail sentiment around SOFI trended in ‘neutral’ territory amid ‘normal’ message volume.

One bullish user said that SOFI’s partnerships should not be overlooked. 

A bearish user pointed out that SoFi’s loan loss ratio has risen over the past 8 months. 

 Shares in the company have fallen 40% so far this year.