SoFi CEO Touts Credit Quality of His ‘Overachiever’ Customers

SoFi Technologies Inc. Chief Executive Officer Anthony Noto said US consumers using products such as banking and investing services are continuing to show signs of credit strength.

“We’re appealing to the overachievers in the United States that are looking for ways to be able to save and invest to achieve their long-term ambitions,” Noto said in an interview with Bloomberg Television Tuesday. “We’re helping them spend less than they make and invest the rest. And we’re seeing really strong trends from them.”

Noto’s comments contrast with remarks Tuesday from PayPal executives, who said that they had seen a slowdown in ...