Case Study: SoFi Banks achieves faster financial closes and scalable growth with Oracle NetSuite OneWorld

SoFi Banks on NetSuite OneWorld for Growth

SoFi, a San Francisco–based fintech founded in 2011, began with student loan refinancing and expanded into mortgages, personal loans and member services. With more than 140,000 customers and over $9 billion in loans funded, the company quickly outgrew its Intacct system, facing rising complexity across seven subsidiaries and needing greater scalability, faster reporting and stronger financial controls.

SoFi implemented NetSuite OneWorld as a modern, cloud-based finance platform with rapid deployment, multi‑subsidiary management and robust integration capabilities. The move made financial statements instantaneous (down from four hours), cut the close process by two‑thirds, supported a doubling in company size with only two additional finance hires, enabled direct bank integrations and strengthened controls—helping earn regulator and auditor trust and positioning SoFi to service its own loans.

SoFi Banks

Lauren Crow

Chief Accounting Officer