Janney Montgomery Scott LLC Acquires 35,750 Shares of SoFi Technologies, Inc. (NASDAQ:SOFI)

Janney Montgomery Scott LLC, a leading financial services firm based in Philadelphia, Pennsylvania, has recently acquired 35,750 shares of SoFi Technologies, Inc. NASDAQSOFI. The acquisition was made through a private placement of common stock, and the total purchase price was not disclosed.

SoFi Technologies, Inc. is a digital lender and financial services company that offers a range of products and services, including personal loans, student loan refinancing, mortgages, and credit cards. The company's mission is to help people achieve their financial goals by providing accessible and affordable financial products and services.

Janney Montgomery Scott LLC is a full-service investment bank and wealth management firm that provides a range of financial services, including investment banking, corporate finance, and wealth management. The company has been in business for over 100 years and has a strong reputation for providing innovative solutions to its clients' financial needs.

The acquisition of SoFi Technologies, Inc.'s shares by Janney Montgomery Scott LLC is significant as it represents a strategic investment in the fast-growing digital lending industry. SoFi Technologies, Inc. has seen rapid growth in recent years, with its revenue increasing from $1.2 billion in 2019 to $3.5 billion in 2020. The company's strong financial performance and innovative products and services make it an attractive investment opportunity for Janney Montgomery Scott LLC.

Overall, the acquisition of SoFi Technologies, Inc.'s shares by Janney Montgomery Scott LLC is a strategic move that reflects the growing demand for digital lending solutions and the company's commitment to providing innovative financial products and services to its clients.