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

Social Finance Inc., a startup looking to offer a range of banking services to millennials, is working on a credit card and is bringing in a former Citigroup Inc. executive to help oversee the initiative, said people familiar with the matter.
The San Francisco-based company hopes to offer credit cards within the next year, said the people, who asked not to be identified because the plans are private.

Reading this as SoFi needing to expand and diversify revenue streams (interchange++) than anything else, but would be curious to see what the credit card product will offer.


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