08:40 AM EDT, 10/14/2024 (MT Newswires) -- SoFi Technologies ( SOFI ) said Monday it signed a $2 billion loan platform business deal for personal loans with Fortress Investment Group's managed funds.

The agreement aims to enhance SoFi Technologies' ( SOFI ) capabilities in referring pre-qualified borrowers to loan origination partners and originating loans on behalf of third parties, the company said.

Shares of the company were up 6.7% in recent premarket activity.

Price: 9.61, Change: +0.60, Percent Change: +6.66