The digital finance company will also add 225 jobs, including loan officers, loan processors, and more roles.
CHARLOTTE, N.C. — Digital financial services company SoFi is expanding its presence in Charlotte, according to an announcement shared by North Carolina Gov. Josh Stein on Tuesday.
The announcement said SoFi will create 225 jobs and invest $3 million in Mecklenburg County as it expands regional operations. The new positions will include loan officers, loan processors, underwriters, chief experience analysts and sales and management teams. The average salary for the positions will be $108,436, above the $86,830 average private-sector wage in Mecklenburg County. The expansion is expected to generate an annual payroll impact of more than $24 million.
“North Carolina attracts the world’s top financial services companies with a deep pool of skilled workers that can meet the unique needs of companies like SoFi Technologies,” Stein said. “Charlotte is the number two banking center in the nation, and I’m pleased to see more growth in one of North Carolina’s flagship industries.”
SoFi, headquartered in San Francisco, offers personal finance solutions through a single app, serving more than 11.7 million members. The company has maintained a presence in Charlotte 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,” said Eric Schuppenhauer, interim president of SoFi Bank and executive vice president and group business unit leader for Borrow.
The state’s Economic Investment Committee approved a Job Development Investment Grant for SoFi Bank National Association earlier today. The 12-year grant authorizes potential reimbursement to the company of up to $1,862,250, with payments contingent on meeting job creation and investment targets.
The project is projected to grow the state’s economy by $928 million over the grant term, with a return on investment of 189%, according to the state Commerce Department. For every dollar of potential cost, the state is expected to receive $2.89 in revenue.
North Carolina Commerce Secretary Lee Lilley said the expansion strengthens Charlotte’s position as the nation’s second-largest financial hub.
The project involved collaboration between the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the General Assembly, Mecklenburg County and the city of Charlotte.