SoFi Strikes Exclusive Partnership with Mastercard

Fintech platform SoFi has struck a new exclusive partnership with card issuer Mastercard to be the sole issuer for SoFi debt and credit cards; the deal will also allow SoFi to add new benefits to the debit card including cash-back rewards, free cell phone insurance, and discounted airport concierge services; SoFi will start issuing the new cards starting on February 24th and these will replace the current Visa issued cards; “It is imperative that our partners are leaders in technological innovation, security, and enhanced benefits, and Mastercard is an industry leader across all of those areas,” Anthony Noto, CEO of SoFi, said in a statement to Business Insider. Business Insider

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