SoFi Is Said to Plan Credit Card With Help From Former Citi Executive

www.bloomberg.com

SoFi was once described to me, thanks to its culture issues, as a cash printing machine that and had been thrown in a dumpster and set on fire. Having recently hired Anthony Noto, former Twitter COO and Goldman banker, as CEO the company appears to be turning things around and are is likely expanding their offering to their HENRY (high earnings not rich yet) customers with a credit card. They've hired Richard Garside, former head of Citi's card operations (Citi is the world's largest card issuer) to help grow the business - a tremendous move by a company expected to IPO over the next 24 months...once all the fires have been put out.

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