Regulatory Environment and Compliance Risks: Changes in financial regulations, increased scrutiny from agencies like the OCC, CFPB, or SEC, or failure to comply with existing rules could lead to fines, operational restrictions, and increased costs for Sofi's diverse product offerings.

Credit Quality and Loan Performance Risks: As a significant lender, Sofi is exposed to the risk of borrower defaults, particularly during economic downturns or periods of high unemployment, which could result in higher loan losses and reduced profitability.

Intense Competition Risks: The financial services market is highly competitive, with traditional banks, other fintechs, and large technology companies vying for market share, potentially impacting Sofi's customer acquisition, retention, and pricing power.