$SOFI brand is also getting much stronger.
Unaided brand awareness hit 10%
This means that when you ask Jenny from the block to name a bank, 10% of Jenny's say Sofi.
This is double the level of 2022.
This helps retention, reduces CAC, and improves profitability.
Sofi was also named the #1 U.S. Bank by Forbes and ranked #1 for DIY investor satisfaction by J.D. Power.