AFRM and SoFi, both rate-sensitive lenders, are facing funding cost pressure as of September 1, 2026.
1 report, 1 independent
Updated Sep 1
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What happened
AFRM and SoFi, both rate-sensitive lenders, are facing funding cost pressure as of September 1, 2026.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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AFRM
deterministic TFF process intensification module for GMP biopharmaceutical manufacturing
Nothing else this week.
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SoFi
American financial services company
- SoFi lost a major client, Chime, due to its own charter pursuit, and Fed rate hikes are increasing deposit costs and affecting loan demand.
- Nvidia CEO Jensen Huang spoke at a conference in Seoul. Meanwhile, Anthony Noto bought SoFi stock, Elon Musk purchased Tesla stock, and Jamie Dimon bought shares of JPMorgan Chase.
Related events
- SoFi and Affirm are competing for the same pool of borrowers, with SoFi leveraging its bank charter for a funding advantage.
- Affirm and SoFi are fintech companies competing directly with traditional banks in the U.S. financial services sector.
- SoFi and Happen Bank are noted as competitors in the consumer credit market, vying for market share.