Item
7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

References to the "Company,"
"our," "us" or "we" refer to Social Capital Hedosophia Holdings Corp. V. The following
discussion and analysis of the Company's financial condition and results of operations should be read in conjunction with
our audited financial statements and the notes related thereto which are included in "Item 8. Financial Statements and Supplementary
Data" of this Annual Report on Form 10-K. Certain information contained in the discussion and analysis set forth below includes
forward-looking statements. Our actual results may differ materially from those anticipated in these forward-looking statements
as a result of many factors, including those that are set forth in our preliminary prospectus/proxy statement included in the Registration
Statement on Form S-4 that we have filed with the SEC relating to our proposed business combination with Social Finance,
Inc., a Delaware corporation (the "SoFi Business Combination"), and those set forth under "Cautionary Note Regarding
Forward-Looking Statements and Risk Factor Summary," "Item 1A. Risk Factors" and elsewhere in this Annual Report
on Form 10-K.

Overview

We are a blank check company incorporated
in the Cayman Islands on July 10, 2020, formed for the purpose of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar Business Combination with one or more businesses. We intend to effectuate our Business Combination
using cash derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, our shares,
debt or a combination of cash, shares and debt.

We expect to continue to incur significant
costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Recent Developments

On January 7, 2021, we entered into an
Agreement and Plan of Merger (the "Merger Agreement") with Plutus Merger Sub Inc., a Delaware corporation and our direct
wholly owned subsidiary, and Social Finance, Inc., a Delaware corporation ("SoFi").

The Merger Agreement provides that, among
other things and upon the terms and subject to the conditions thereof, the following transactions will occur (together with the
other agreements and transactions contemplated by the Merger Agreement, the "SoFi Business Combination"): (i) prior
to the closing of the transactions contemplated by the Merger Agreement (the "Closing"), we will domesticate as a Delaware
corporation in accordance with Section 388 of the Delaware General Corporation Law, as amended (the "DGCL"), and the
Cayman Islands Companies Law (2020 Revision) (the "Domestication"), (ii) at the Closing, upon the terms and subject
to the conditions of the Merger Agreement, in accordance with the DGCL, Merger Sub will merge with and into SoFi, with SoFi continuing
as the surviving corporation and our wholly owned subsidiary (the "Merger"), (iii) upon consummation of the Merger,
and subject to the adjustments provided in the Merger Agreement, all of the common stock and preferred stock of SoFi, excluding
the Company Redeemable Preferred Stock (as defined in the Merger Agreement), which will convert into Acquiror Series 1 Preferred
Stock (as defined in the Merger Agreement), will be converted into the right to receive an aggregate number of shares of our common
stock (after the Domestication), par value $0.0001 per share ("SCH Common Stock"), equal to the quotient obtained by
dividing (x) $6,569,840,376 by (y) $10.00 and (iv) upon the consummation of the Merger, we will be renamed "SoFi Technologies,
Inc." The Closing is subject to the satisfaction or waiver of certain closing conditions contained in the Merger Agreement,
including the approval of our shareholders.

On January 7, 2021, concurrently with the
execution of the Merger Agreement, we entered into subscription agreements with certain investors (collectively, the "PIPE
Investors"), pursuant to which, on the terms and subject to the conditions therein, the PIPE Investors have collectively
subscribed for 122.5 million shares of SCH Common Stock for an aggregate purchase price equal to $1,225.0 million (the "PIPE
Investment"), a portion of which is expected to be funded by one or more affiliates of the Sponsor. The PIPE Investment will
be consummated substantially concurrently with the Closing.

The consummation of the
proposed SoFi Business Combination is subject to certain conditions as further described in the Merger Agreement.

For more information about the Merger Agreement
and the proposed SoFi Business Combination, see our Current Report on Form 8-K filed with the SEC on January 7, 2021, as amended
on January 12, 2021, and the SoFi Disclosure Statement that we have filed with the SEC. Unless specifically stated, this Annual
Report does not give effect to the proposed SoFi Business Combination and does not contain the risks associated with the proposed
SoFi Business Combination. Such risks and effects relating to the proposed SoFi Business Combination are included in the SoFi Disclosure
Statement.

Results of Operations

We have neither engaged in any operations
nor generated any operating revenues to date. Our only activities from inception through December 31, 2020 were organizational
activities and those necessary to prepare for the Initial Public Offering, identifying a target for our Business Combination, activities
in connection with the proposed acquisition of SoFi. We do not expect to generate any operating revenues until after the completion
of our initial Business Combination. We generate non-operating income in the form of interest income on marketable securities held
in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing
compliance), as well as for due diligence expenses in connection with searching for, and completing, a Business Combination.

For the period from July 10, 2020
(inception) through December 31, 2020, we had a net loss of $646,393, which consists of operating and formation costs of $663,611
offset by interest income on marketable securities held in the Trust Account of $17,218.

Liquidity and Capital Resources

On October 14, 2020, we consummated the
Initial Public Offering of 80,500,000 Units, inclusive of the underwriters' election to fully exercise their option to purchase
an additional 10,500,000 Units, at a price of $10.00 per Unit, generating gross proceeds of $805,000,000. Simultaneously with the
closing of the Initial Public Offering, we consummated the sale of 8,000,000 Private Placement Warrants to the Sponsor at a price
of $2.00 per Private Placement Warrant generating gross proceeds of $16,000,000.

Following the Initial Public Offering,
the exercise of the over-allotment option in full and the sale of the Private Placement Warrants, a total of $805,000,000 was placed
in the Trust Account and we had $1,681,999 of cash held outside of the Trust Account, after payment of costs related to the Initial
Public Offering, and available for working capital purposes. We incurred $42,659,062 in transaction costs, including $14,000,000
of underwriting fees, $28,175,000 of deferred underwriting fees and $484,062 of other offering costs.

For the period from July 10, 2020
(inception) through December 31, 2020, net cash used in operating activities was $1,286,224. Net loss of $646,393 was impacted
by interest earned on marketable securities held in the Trust Account of $17,218. Changes in operating assets and liabilities used
$622,613 of cash from operating activities.

At December 31, 2020, we had investments
held in the Trust Account of $805,017,218. We intend to use substantially all of the funds held in the Trust Account, including
any amounts representing interest earned on the Trust Account, excluding deferred underwriting commissions, to complete our Business
Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt
is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account
will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue
our growth strategies.

At December 31, 2020, we had cash of $259,714
held outside of the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate
target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar
locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements
of prospective target businesses, structure, negotiate and complete a Business Combination.

In order to fund working capital
deficiencies or finance transaction costs in connection with a Business Combination, our Sponsor or an affiliate of our Sponsor
or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete a Business
Combination, we may repay such loaned amounts out of the proceeds of the Trust Account released to us. In the event that a Business
Combination does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts,
but no proceeds from our Trust Account would be used for such repayment. Up to $2,500,000 of such loans may be convertible into
warrants, at a price of $2.00 per warrant, at the option of the lender. The warrants would be identical to the Private Placement
Warrants.

We will need to raise additional capital
through loans or additional investments from our sponsors, or an affiliate of our Sponsor, officers, directors, or third parties.
Our sponsor may, but are not obligated to, loan us funds, from time to time or at any time, in whatever amount they deem reasonable
in their sole discretion, to meet our working capital needs. Accordingly, we may not be able to obtain additional financing. If
we are unable to raise additional capital, we may be required to take additional measures to conserve liquidity, which could include,
but not necessarily be limited to, curtailing operations, suspending the pursuit of a potential transaction, and reducing overhead
expenses. We cannot provide any assurance that new financing will be available to us on commercially acceptable terms, if at all.
These conditions raise substantial doubt about our ability to continue as a going concern through October 14, 2022, the date that
we will be required to cease all operations, except for the purpose of winding up, if a Business Combination is not consummated.
These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the
classification of the liabilities that might be necessary should we be unable to continue as a going concern.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of December 31, 2020. We do not participate in transactions that create
relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would
have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance
sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or
purchased any non-financial assets.

Contractual Obligations

We do not have any long-term debt, capital
lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate of the Sponsor
a monthly fee of $10,000 for office space, administrative and support services, provided to the Company. We began incurring these
fees on October 14, 2020 and will continue to incur these fees monthly until the earlier of the completion of a Business Combination
and the Company's liquidation.

The underwriters are entitled to a deferred
fee of $0.35 per unit, or $28,175,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts
held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting
agreement.

Critical Accounting Policies

The preparation of consolidated financial
statements and related disclosures in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of
contingent assets and liabilities at the date of the financial statements, and income and expenses during the periods reported.
Actual results could materially differ from those estimates. We have identified the following any critical accounting policies:

Class A Ordinary Shares Subject to Redemption

We account for our Class A ordinary shares
subject to possible conversion in accordance with the guidance in Accounting Standards Codification ("ASC") Topic 480
"Distinguishing Liabilities from Equity." Class A ordinary shares subject to mandatory redemption are classified as
a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that
feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain
events not solely within our control) are classified as temporary equity. At all other times, ordinary shares are classified as
shareholders' equity. Our Class A ordinary shares feature certain redemption rights that are considered to be outside of
our control and subject to occurrence of uncertain future events. Accordingly, Class A ordinary shares subject to possible redemption
are presented at redemption value as temporary equity, outside of the shareholders' equity section of our consolidated balance
sheet.

Net Income (Loss) per Ordinary Share

We apply the two-class method in calculating
earnings per share. Net income (loss) per common share, basic and diluted for Class A ordinary shares subject to possible
redemption is calculated by dividing the interest income earned on the Trust Account, net of applicable taxes, if any, by the weighted
average number of shares of Class A ordinary shares subject to possible redemption outstanding for the period. Net income
(loss) per ordinary, basic and diluted for and non-redeemable common stock is calculated by dividing net loss less income attributable
to Class A Ordinary shares subject to possible redemption, by the weighted average number of shares of non-redeemable ordinary
shares outstanding for the period presented.

Recent Accounting Standards

Management does not believe that any other
recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our consolidated
financial statements.