SoFi Technologies strikes $5bn loan deal with Blue Owl Capital

By Gloria Methri

SoFi Technologies, Inc. has signed a loan platform agreement worth up to $5 billion for personal loans with funds managed by Blue Owl Capital, an asset manager overseeing over $250 billion. This is SoFi’s largest deal of its kind so far.

SoFi’s Loan Platform Business connects pre-qualified borrowers with loan origination partners and originates loans for third parties. This two-year agreement with Blue Owl Capital funds highlights the rising demand for personal loans among members and investors. It also supports SoFi’s strategy to generate more revenue from fee-based services while using less capital.

“This represents the largest single commitment for SoFi’s Loan Platform Business and is 2x our first commitment, enabling us to help more members get their money right while also diversifying toward less capital-intensive and more fee-based sources of revenue,” said Anthony Noto, CEO of SoFi. “We’re thrilled to work with Blue Owl Capital and build on the strong momentum in our Loan Platform Business in 2025.”

“Blue Owl is excited to be partnering with SoFi to help meet the growing needs of customers through their loan platform business,” added Ivan Zinn, Head of Alternative Credit at Blue Owl. “SoFi has been expanding credit access to more people with innovative solutions. We see a strong opportunity in being part of this growth through this strategic program.”

SoFi is a member-centric, one-stop shop for digital financial services that seeks to help people achieve financial independence. The company’s full suite of financial products and services helps over 10.1 million members borrow, save, spend, invest, and better protect their money.

SoFi also equips members with the resources they need to get ahead, such as credentialed financial planners and exclusive experiences and events.

In 2024, SoFi’s Loan Platform Business originated $2.1 billion of loans. Through this business, the company earns fee income to originate loans on behalf of partners while retaining servicing rights.