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The online bank, which aims to be a one-stop shop for financial services after starting out in student-loan refinancing, said the agreement will expand its loan platform business of brokering deals for pre-qualified borrowers and originating loans on the behalf of third-parties.
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“SoFi’s loan platform business is an important part of our strategy to serve the financial needs of more members and diversify toward less capital-intensive and more fee-based sources of revenue,” SoFi Chief Executive Officer Anthony Noto said in a statement Monday.
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