SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the best oversold stocks to buy under $20. SoFi Technologies, Inc. (NASDAQ:SOFI) announced on March 26 the expansion of its Loan Platform Business (LPB), committing over $3.6 billion in personal loan delivery across three new partnerships. Management stated that the company closed an LPB transaction with a leading global bank for an anticipated loan delivery of over $1 billion, along with a separate LPB transaction with a financial services and insurance group for $600 million over 12 months.

In addition, SoFi Technologies, Inc. (NASDAQ:SOFI) also stated that it agreed on terms on a new partnership with a top-five global private asset management firm, which is expected to deliver up to $2 billion over a two-year period.

Anthony Noto, CEO of SoFi Technologies, Inc. (NASDAQ:SOFI), stated that the addition of three new partners to the company’s growing network highlights the value of its Loan Platform Business to asset managers, institutional investors, and partners more broadly.

SoFi Technologies, Inc. (NASDAQ:SOFI) is a financial service platform that provides student loan refinancing options to the private student loan market. The company’s operations are divided into the following segments: Lending, Technology Platform, and Financial Services.

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