A unit of SoFi Technologies, a California financial tech firm that has been growing its East Coast presence, plans to invest $3 million in a Charlotte expansion that is expected to create about 225 high-paying jobs in the state.

Sofi Bank NA’s plans were discussed Tuesday by the state Department of Commerce’s Economic Investment Committee, which approved an economic incentives package worth up to $2.3 million. The expansion, if fully realized, would expand the state’s economy by about $928 million, according to state projections.

Other WRAL Top Stories

SoFi makes financial services and lending technology for other businesses. It has about 3,800 employees worldwide, including offices in Asia, Latin America and Europe.

The San Francisco-based company is expanding its East Coast operation

See Full Page