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How SoFi Went From Fintech Darling To Wall Street Pariah

Former investment banker Anthony Noto built SoFi into a lending juggernaut, helping to push its valuation to nearly $40 billion. Now Wall Street is doubting its impressive results and its business model.

In late December 2017, Anthony Noto slipped into a San Francisco law firm’s office for a confidential meeting. At the time, he was Twitter’s chief operating officer and looking to level-up to become CEO of San Francisco’s SoFi, a fast-growing student… [18275 chars]

Source: Forbes | Published: 2026-06-16T10:30:27Z

Credit: Forbes

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