Losses Pile Up during Fintech Firm SoFi as Rates Rise

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Online lender Social Finance Inc. mislaid income for a second uninterrupted entertain as loan volume sagged and a association spent large sums on enlargement plans.

The San Francisco-based financial-technology startup available an practiced detriment of around $12 million before interest, taxes, debasement and amortization during a third quarter, according to a chairman informed with a company’s financial results.

That…

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