The SoFi executive added:
“SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time.”
SoFi’s Galileo technology platform provides the backend infrastructure powering these API-driven capabilities. Galileo currently supports more than 128 million accounts globally across fintechs, financial institutions, and brands, giving Big Business Banking an existing foundation for scale.
The offering is currently focused on enterprise and institutional clients. Broader availability for smaller businesses has not been announced. SoFi reported 13.7 million members as of the launch date. The company’s stock trades on Nasdaq under the ticker SOFI.
FAQ 🧭 What is SoFi Big Business Banking? It is a regulated enterprise banking platform from SoFi Bank, N.A. that allows companies to hold deposits, move money, and settle transactions in fiat currency, SoFiUSD, or select cryptocurrencies around the clock from a single nationally chartered bank. Which firms are participating in the SoFi Big Business Banking launch? Initial participants include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. What blockchain does SoFi Big Business Banking use? The platform is expected to leverage Solana alongside other blockchain networks for settlement, with SoFiUSD serving as a primary digital asset rail. How can businesses apply for SoFi Big Business Banking?
