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SoFi

SoFi

SoFi or Social Finance is a finance company offering lending and wealth management services.

Provider of an innovative student lending platform intended to start refinancing student loans. The company's platform includes online banking, personal, mortgage and wealth management, enabling students to receive a lower interest rate based on their career experience, monthly income, financial history and education.

SoFi also provides their SoFi Money, a cash management account which works to earn the user 1.60% APY and their SoFi Invest, a mobile application which allows users to trade stocks and ETFs, buy cryptocurrencies, and start automated investing. For all of their services, SoFi works to save on their operating costs through online-only services.

Competitors

SoFi's competitors include Avant, an online platform for credit alternatives to middle income consumers; Lending Club which is an online financial platform that connects lenders with borrowers; LendKey Technologies, an online lending platform that allows users to apply for student, home improvement and auto loans; Earnest, which is an online lending marketplace that offers student loans; LendingTree, an online lending exchange connecting consumers with lenders; CommonBond, which offers students a hybrid repayment for their student loans; Prosper Marketplace, which offers a peer-to-peer loan marketplace; Upstart, which offers personal and education loans; Credible, which offers student loan refinancing for as low as 2.21% APR; Education Loan Finance, which offers variable repayment periods for as low as 2.39% APR; Laurel Road, which offers student and consumer loan options; and GreenNote, which offers students the option of receiving loans from their social network.

Timeline

April 6, 2021
SoFi launches auto loan refinancing through its financial services product comparison platform, Lantern.
March 2021
SoFi announces the wholesale acquisition of Golden Pacific Bancorp.
April 7, 2020
SoFi to acquires Galileo Financial Technologies for $1.2 billion.
January 27, 2020
SoFi and Mastercard announces a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million SoFi members.
May 8, 2019
SoFi launches gig-focused ETF

The company announced a new exchange-traded fund (ETF) product focused on the gig economy.

September 27, 2018
SoFi announced that its Board of Directors has named Anthony Noto as chief executive officer and a director, effective March 1.
September 30, 2015
SoFi raises a $1,000,000,000 series E round from Baseline Ventures, DCM Ventures, IVP, Jeff Seibert, RPM Ventures, SoftBank Group, Third Point Ventures and Wellington Management.
March 15, 2012
SoFi raises a $4,000,000 series A round.
2011
SoFi founded.

Funding rounds

People

Name
Role
LinkedIn

Daniel Macklin

Co-Founder

Aaron Yip

Employee

Adam Finch

Employee

Aimee Young

Employee

Alan Donner

Employee

Alana Aldag Ackerson

Investor

Amanda Wood

Employee

Amber Sheraton

Employee

Andrew Lerner

Investor

Ashley Galgano

Employee

Barney Schauble

Investor

Benton McTaggart, MBA

Employee

Bill Karieva

Employee

Bill Tobin

Investor

Carlos Diaz

Employee

Catherine Phan

Employee

Clint Korver

Investor

Daniel Fell

Employee

Danielle Kees

Employee

Darwin Ling

Investor

Dror Berman

Investor

Dustin York

Employee

Eddy Lee

Employee

Edward Tsai

Investor

Greg Such

Employee

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Further reading

Title
Author
Link
Type
Date

SoFi Invest Puts the "Social" Back in Social Finance

SoFi

Web

October 14, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
JD Alois
June 16, 2021
Crowdfund Insider
Click HERE to find out ⭐ Recently Publicly Listed SoFi Receives Higher Price Target on Potential to Challenge Old Banks. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
JD Alois
June 9, 2021
Crowdfund Insider
Click HERE to find out ⭐ SoFi to Allow Retail Investors to Invest in Certain SPAC IPOs. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Alexandra Samet
June 7, 2021
Business Insider
Learn about the most innovative financial services providers with the BI list of top fintech startups and financial technology companies.
Tom Auchterlonie
June 7, 2021
Business Insider
Appeals court overturned ruling that let New York's DFS challenge the Office of the Comptroller of the Currency's special-purpose charter.
Richard Dal Porto
June 5, 2021
TechCrunch
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment.
Ryan Wangman
June 2, 2021
Business Insider
Lightstream, SoFi, Marcus, Prosper, Avant, First Tech, and Wells Fargo provide low rates and standout features for home improvement loans.
Even Financial
June 2, 2021
www.prnewswire.com:443
/PRNewswire/ -- Even Financial ("Even"), the leading search, comparison, and recommendation engine for financial services, has announced a new partnership with...
Dan DeFrancesco and Jordan Parker Erb
June 2, 2021
Business Insider
Jason Karp left running a $4 billion hedge fund to create a health food empire he is modeling after Berkshire Hathaway.
Crunchbase News
June 1, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Candy Cheng and Carter Johnson
June 1, 2021
Business Insider
SoFi CEO Anthony Noto tells Insider it was a "close call" as the board considered at least two other SPACs before accepting Social Capital's deal.
Carter Johnson and Candy Cheng
June 1, 2021
Business Insider
Shares in SoFi began trading Tuesday after a merger between the fintech and a SPAC backed by Chamath Palihapitiya.
FinSMEs
May 31, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
JD Alois
May 29, 2021
Crowdfund Insider
Click HERE to find out ⭐ SPAC: SoFi On Track to Trade on Nasdaq. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Rickie Houston, CEPF
May 24, 2021
Business Insider
The Gemini crypto exchange is best for individuals and institutions looking for access to Bitcoin, Ethereum, Dogecoin, and other digital assets.
Ryan Wangman
May 24, 2021
Business Insider
Payoff is a personal loan provider aimed at helping borrowers consolidate credit card debt. The company's lowest APR is on par with similar lenders.
JD Alois
May 19, 2021
Crowdfund Insider
Click HERE to find out ⭐ SoFi Expected to Trade on Nasdaq on June 1st in SPAC Merger. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Tom Auchterlonie
May 10, 2021
Business Insider
Chime reached a settlement with a California regulator that took action against it for not having a license.
Liz Knueven and Ryan Wangman
May 5, 2021
Business Insider
For anyone with good or better credit, LightStream is a good place to start shopping for personal loans with competitive rates.
Liz Knueven and Ryan Wangman
May 4, 2021
Business Insider
SoFi personal loans require a high minimum credit score, but include some unique perks like unemployment protection and no fees.
Tom Auchterlonie
May 3, 2021
Business Insider
Fortú is looking to win loyal customers by targeting a large underserved market, which may be a starting point for attracting US Latinos more broadly.
SHOW MORE

References

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