Archives

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

September 11, 2015 @ 10:42 am By Samantha Hurst  |  

SoFi, the second largest marketplace lender, today announced Arthur Levitt, the longest-serving chairman of the US Securities and Exchange Commission (SEC), will become an advisor.  Levitt served at the SEC from 1993 to 2001. The firm also announced it has surpassed $4 billion in funded… Read More

August 27, 2015 @ 4:25 pm By Samantha Hurst  |  

Insurance Provider, USI Affinity, announced on Thursday that is has formed a partnership with marketplace lending, SoFi, to offer members of the Pennsylvania Bar Association (PBA) the opportunity to consolidate and refinance their private and federal student loans into a single loan with a lower… Read More

August 24, 2015 @ 8:34 am By JD Alois  |  

SoFi, or Social Finance, is a marketplace lending platform that uses data to provide loans to refinance student debt.  The direct lender has had an enviable degree of success in generating solid risk adjusted returns for its investors. SoFi claimed the title of fastest growing marketplace… Read More

August 17, 2015 @ 3:20 pm By Samantha Hurst  |  

SoFi, the second largest marketplace lender, announced on Monday that Joanne Bradford has joined the firm as Chief Operating Officer.  Bradford was most recently head of partnerships at Pinterest. She is a seasoned executive highly regarded for her experience driving growth at some of the country’s leading startups,… Read More

August 4, 2015 @ 1:01 pm By JD Alois  |  

Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil.  On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, resigned from his position at the company to “pursue another career opportunity”. Around the same time… Read More

July 30, 2015 @ 9:35 am By Samantha Hurst  |  

SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA” rating from DBRS and an “AA2” from Moody’s for the senior notes, which equaled $387.3 million. Nino Fanlo, SoFi CFO/COO,… Read More

July 6, 2015 @ 10:07 am By JD Alois  |  

Millennium Trust is a large IRA custodian you probably have never heard of unless you are in a similar business or a client of the firm. Headquartered in Chicago, Millennium Trust operates nationally but has set it sights on getting far bigger. The privately held… Read More

June 29, 2015 @ 7:03 pm By JD Alois  |  

Sofi, a marketplace lending platform, has been on a roll lately.  The direct lending platform closed a new securitization of  $411 million, all backed by student loans.  This was the largest securitization by a marketplace lender to date.  SoFi expects to $1 billion in securitization in Q3… Read More

June 17, 2015 @ 8:07 am By JD Alois  |  

SoFi, a four year old direct lender that is dominating the student loan refinance space, has stated it expects to do over $1 billion in securitization in Q3 alone.  SoFi has completed 5 previous securitization’s with a total volume of $1.55 billion so this will… Read More

June 10, 2015 @ 12:00 pm By JD Alois  |  

Largest and Highest Rated Marketplace Securitization to Date Brings Total Issuance In Excess of $1.55 Billion SoFi, a young marketplace lending platform, has closed a $411.9 million securitization of refinanced student loans. Moody’s, Standard & Poor’s and DBRS gave the highest rated senior notes Aa2/A/AA (high) respectively. SoFi is the largest… Read More

June 2, 2015 @ 7:17 pm By JD Alois  |  

SoFi received provisional ratings from Moody’s on over $411 million in post graduate loan backed notes on Monday. The notes were rated from Baa3 to Aa3 – the highest rating received to date according to Bloomberg. According to Moody’s the provisional ratings were assigned to… Read More

May 13, 2015 @ 9:45 am By JD Alois  |  

SoFi (or Social Finance) CEO and co-founder Mike Cagney was featured on CNBC’s Disruptor 50 list.  Cagney visited the the network’s studios to talk about his fast growing marketplace lending platform and shared some insight into the companies near future. SoFi started out as a… Read More

April 2, 2015 @ 7:00 pm By JD Alois  |  

SoFi (Social Finance), a peer to peer lender that disrupted the student loan refinancing market, has announced passing the $2 billion funding milestone. SoFi announced that it had topped $1.3 billion in loans in December indicating $700 million in loans for Q1.  If the trajectory… Read More

March 29, 2015 @ 6:10 pm By JD Alois  |  

Peer to peer lending platform SoFi recently published a statement on the challenges of young entrepreneurs.  We all know that making the decision to become an entrepreneur is an arduous task. Long hours and lots of risk.  It is not the chosen path for everyone… Read More

March 8, 2015 @ 9:04 pm By JD Alois  |  

Peer to peer lender SoFi (or Social Finance) may receive a $3.5 billion market valuation later this year in an initial public offering (IPO).  SoFi is a direct lender that got its start in the student loan refinancing sector but has since expanded its credit… Read More

February 18, 2015 @ 12:19 pm By JD Alois  |  

The largest social networking site in China RenRen is at it again and they are investing this time in Sindeo – a mortgage marketplace that seeks to fix the broken mortgage loan system. RenRen has been playing a growing role in funding fintech as they expand… Read More

February 3, 2015 @ 8:29 am By JD Alois  |  

SoFi, a unique peer to peer lending platform, has announced a significant $200 million investment in a Series D funding round led by Third Point Ventures. Company valuation was not disclosed in the announcement. Goldman Sachs acted as sole placement agent for the funding round…. Read More

January 22, 2015 @ 3:39 pm By JD Alois  |  

SoFi, an innovative funding platform that has pushed aggressively to tackle the world of student loans, is preparing to offer $313,800,000 in asset backed notes.  The securities will be secured by private student loans. DBRS has assigned a provisional rating of AA to the Class… Read More