SoFi Technologies is betting big on Charlotte, North Carolina, with a new promise of 225 jobs through a $3 million capital investment aimed at enlarging its regional influence in Mecklenburg County. The digital financial services company has chosen to lay down deeper roots in the Charlotte-Mecklenburg community, one it's been a part of since 2023. "SoFi is proud to have been part of the Charlotte-Mecklenburg community since 2023. The region's energy, talent and quality of life make it a natural fit, and we’re excited to expand our footprint here," Eric Schuppenhauer, interim president of SoFi Bank and EVP, said, according to a statement obtained by MeckNC.gov.
The new hub will take residence in Charlotte's Ballantyne submarket, an area known for its rapid growth. With a variety of positions up for grabs, including loan officers, loan processors, and underwriters, the company not only offers an average annual salary of $107,000 but also positions that do not require a four-year degree. This inclusive hiring approach is expected to quickly draw upon and diversify the local talent. According to MeckNC.gov, Chairman Mark Jerrell of the Mecklenburg Board of County Commissioners highlighted SoFi's alignment with the community's values and economic vision, noting, "The company's decision to grow here is an endorsement of what sets our community apart."
According to MeckNC.gov, SoFi's approach to business in Charlotte has not gone unnoticed by local officials. Charlotte Mayor Vi Lyles acknowledged SoFi Technologies as a model for corporate citizenship, esteeming their "deep investment in affordable housing, K-12 education and bridging the generational wealth gap." The city, which boasts over 104,000 workers in the financial services sector and holds the title of the nation's second-largest financial hub, offers a fertile ground for SoFi’s ongoing mission to help people realize their ambitions through financial independence.
Governor Josh Stein, marking the announcement, touched upon North Carolina's magnetic pull for top financial services companies and the skilled workforce that meets unique industry needs. Stein said, according to an interview with MeckNC.gov, "Charlotte is the No. 2 banking center in the nation, and I’m pleased to see more growth in one of North Carolina’s flagship industries." Over the past year, Charlotte and Mecklenburg County's collaboration on economic development projects has spawned upwards of 2,000 new jobs and a $203 million capital investment in the city.
In 2024, SoFi Technologies committed $3 million in contributions focused on community-centric areas such as affordable housing, and its workforce dedicated over 3,000 hours in its annual volunteering initiative. These actions reflect a commitment not only to financial services but the broader Charlotte community. As a San Francisco-based company with over 11.7 million members and a technology platform that manages financial solutions across 160 million accounts globally, SoFi’s expansion in Charlotte stands as a testament to the city's thriving environment for financial innovation and responsible corporate engagement.
