Assessing the Legitimacy of SOFI Lending Company in the Philip

Concern: Is SOFI Lending Company legitimate?

∇ legal contemplator

When evaluating the legitimacy of a lending company in the Philippines, several factors come to mind. First, registration with the Securities and Exchange Commission (SEC) is crucial. A legitimate lending company should have both a SEC Registration Number and a Certificate of Authority to Operate as a Lending Company.

SOFI Lending Inc. operates under the brand name Finbro in the Philippines. According to information available on their official website, Finbro is owned and operated by SOFI Lending Inc., which holds SEC Registration No. CS201908275 and SEC Certificate of Authority No. 2990, granted on June 6, 2019.

Additionally, SOFI Lending Inc. is listed among the accessing entities on the Credit Information Corporation's website, which includes entities authorized to access credit information.

Furthermore, Finbro is included in various lists of SEC-registered online lending platforms in the Philippines, indicating its compliance with regulatory requirements.

Given this information, it appears that SOFI Lending Inc., operating as Finbro, is a legitimate lending company in the Philippines, duly registered with the SEC and authorized to operate as a lending company.

Final Answer: Yes, SOFI Lending Company, operating as Finbro, is a legitimate lending company in the Philippines, registered with the Securities and Exchange Commission and authorized to operate.