SoFi Technologies, Inc. (NASDAQ: SOFI) finalized an up to $5 billion Loan Platform Business agreement for personal loans with funds managed by Blue Owl Capital, a leading asset manager with over $250 billion in assets under management. This move marks SoFi’s largest Loan Platform Business agreement to date.

SoFi’s Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. The two-year deal with Blue Owl Capital managed funds reflects the growing demand for personal loans from members and debt investors and advances SoFi’s strategy to diversify revenue streams with less capital-intensive and more fee-based sources of revenue.

“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.”

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