SoFi Technologies will offer investors access to more private market funds, the financial technology company said Tuesday. SoFi stock jumped on the news.
The company said it will offer its 10.9 million members the opportunity to invest in funds with exposure to big-name private companies like OpenAI and SpaceX. The funds are managed by asset firms Cashmere, Fundrise and Liberty Street Advisors, among others.
"SoFi is expanding alternative investment opportunities for a new generation of investors," said SoFi Chief Executive Anthony Noto in a news release.
The accounts will have an investment minimum starting at $10, according to SoFi's announcement. Existing funds from SoFi with private market exposure required investments of at least $25,000, as noted by Bloomberg.
SoFi Stock Rallying In 2025
On the stock market today, SoFi stock is up more than 3% at 19.93 in recent action.
SoFi stock was recently profiled in Investor's Business Daily's The New America section. The 14-year-old fintech firm has rallied 29% this year, powered by triple-digit earnings growth.
SoFi has an IBD Composite Rating of 98 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating.
With valuations for top startups reaching new heights, investor interest in private markets has been increasing. Robinhood Markets recently launched "tokenized shares" for European customers that include offerings with exposure to the value of startups like OpenAI (OpenAI advised potential investors through a post on X that it is not involved in the offering).
