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SoFi withdraws U.S. banking application, citing leadership change
With SoFi's leadership in transition, we're withdrawing our application with the FDIC for now, SoFi spokesman Jim Prosser said in a statement. This decision does not change our plans to make deposit accounts available through partner banks in the near future. SoFi is one of the most valuable private financial technology startups in the United States and valued at over $4 billion at its last funding round.
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