Archives

December 14, 2016 @ 11:52 am By Samantha Hurst  |  

  Last week, SoFi, one of the largest online lenders in the US, made a special appearance on the hit talk show The Ellen Show and offered the audience a bit of a surprise. As previously reported, SoFi describes itself as a “modern finance company.” Its mission has… Read More

December 11, 2016 @ 2:03 pm By Jessica Pham  |  

In a grand mashup of investment and politics, President-elect Donald Trump and Tokyo-based SoftBank Group Corp.‘s CEO Masayoshi Son announced their plan this week to create 50,000 new jobs in the U.S. via a $50 billion investment namely in startups. Deal Street Asia reported that the… Read More

November 23, 2016 @ 4:12 pm By JD Alois  |  

Coverage in minutes. No trip to the doctor necessary. Incredible pricing. This is what most people want to hear when they are considering purchasing life insurance. Online lender SoFi is doing just this but they are targeting the healthiest demographic among us – the Millennials…. Read More

November 4, 2016 @ 4:10 pm By Samantha Hurst  |  

SoFi, one of the largest online lenders in the US, announced this week the launch of its new program dedicated to helping homeowners pay off their student debt faster. The platform new offering, which is called the Student Loan Payoff ReFi, allows homeowners to have the… Read More

September 21, 2016 @ 9:38 am By JD Alois  |  

SoFi has released a new service as they expand their financial wellness offerings. SoFo has created “SoFi at Work”, the program is similar to a 401(k) where companies offer the service as a nice benefit. It should be noted that SoFi contributes $200 to each… Read More

September 8, 2016 @ 5:57 am By Erin Hobey  |  

The word on the street is that one of the US’ largest online lenders, SoFi, is pitching a new $500 million fundraising effort, according to the WSJ; the San Francisco-based privately held lender helmed by CEO Mike Cagney will reportedly use the funding for new growth initiatives among mass-market borrowers and… Read More

August 25, 2016 @ 4:01 pm By JD Alois  |  

Joanne Bradford, SoFi COO, visited the studios of CNBC earlier today to give an update on the status of their lending operations. Bradford’s discussion comes  on the heels of Orchard’s industry update that showed a dip in online lending during the second quarter of 2016…. Read More

August 12, 2016 @ 10:59 am By JD Alois  |  

SoFi, one of the largets online lenders in the US, has settled a class action lawsuit regarding “hard credit” inquiries for potential borrowers. Under the terms of the agreement, SoFi will pay a $2.4 million fine which includes $625,000 in fees and $48,000 in cost reimbursements… Read More

June 8, 2016 @ 12:00 pm By JD Alois  |  

SoFi COO Joanne Bradford visited with CNBC yesterday to talk about their Fintech platform and their customers as part of the Disruptor 50 series. SoFi targets HENRY’s or High Earners Not Rich Yet customers with their growing portfolio of lending and financial services. In the… Read More

May 22, 2016 @ 11:20 pm By JD Alois  |  

While the marketplace or online lending industry has been hammered recently with negative news, WSJ.com is reporting that Moody’s has delivered the highest rating possible for a new bond deal coming out of SoFi. According to the report, the most recent bond securitization deal merited a… Read More

March 9, 2016 @ 4:10 pm By JD Alois  |  

While this should probably not come as a surprise, SoFi CEO and founder Mike Cagney spoke to WSJ.com and announced the creation of a hedge fund.  The SoFi Credit Opportunities Fund filing hit the pages of the SEC in January and is designed to invest in SoFi’s own… Read More

March 6, 2016 @ 8:04 pm By JD Alois  |  

SoFi, perhaps the fastest growing marketplace lending platform, is investigating the possibility of launching a Real Estate Investment Trust (REIT). This is according to a report in Bloomberg that cited people with knowledge of the preparations.  SoFi is said to be considering the option as… Read More

February 7, 2016 @ 7:05 pm By JD Alois  |  

Don’t Bank. SoFi. The marketplace lender doesn’t want to change the banking industry. It wants to eliminate it completely. Having raised a mere billion dollars last year, SoFi has decided to spend a few dimes on promoting its message around the country. And what better… Read More

January 29, 2016 @ 2:27 pm By JD Alois  |  

  SoFi is one of the fastest growing marketplace lending platforms in the United States. The direct lender started by providing student loan services to well-educated young professionals. These borrowers were typically ignored by banks as the monolithic banking model and its antiquated process denied reality… Read More

December 17, 2015 @ 11:08 am By Samantha Hurst  |  

SoFi, a marketplace lender for financially responsible consumers, announced on Thursday it has surpassed $6 billion in funded loans across mortgages, personal loans, and student loan refinancing. Founded in the Fall of 2011, SoFi is the first marketplace lender to have reached Founded in the Fall… Read More

November 23, 2015 @ 8:36 am By JD Alois  |  

Moody’s assigned definitive rates to the  SoFi Professional Loan Program (2015-D).  According to Moody’s, approximately $536 million in asset backed securities were rated. The securities are backed by student loans.  Moody’s said cumulative expected net loss for the loan pool was about 4.7%. The rating… Read More

October 29, 2015 @ 6:00 am By Matt Burton  |  

Last week, Mike Cagney, the CEO of SoFi, gave an interview in the San Francisco Business Journal in which he made some fairly controversial comments. It instantly made the rounds in the industry and has become  a topic of much debate. I recommend reading the… Read More

October 5, 2015 @ 11:06 pm By JD Alois  |  

Sofi CEO and co-founder Mike Cagney recently commented on the $1 billion in funding they received from a Series E round led by SoftBank.  Cagney nonchalantly explained they now have more options as to when they will go public. That is a bit of an… Read More

October 5, 2015 @ 12:32 pm By JD Alois  |  

RenRen is a publicly traded company that is listed (ADRs) on the New York Stock Exchange (NYSE:RENN). The company is making an attempt to go private and has an offer on the table to buy-out shareholders at a price of $4.20 per share. RenRen’s traditional… Read More

October 1, 2015 @ 9:18 am By JD Alois  |  

Online lender SoFi has just closed on a Series E funding round in the amount of $1 billion.  Led by SoftBank, SoFi has claimed the “largest single financing round in the Fintech space” ever. SoFi has now raised approximately $1.42 billion in equity. The marketplace… Read More