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The two-year deal with Blue Owl reflects an increasing demand for personal loans from members and debt investors and boosts SoFi’s efforts to diversify revenue streams with less capital-intensive and more fee-based sources.
“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.”
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