Archives

January 12, 2015 @ 9:33 am By Georgia Quinn  |  

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

December 27, 2014 @ 8:32 am By JD Alois  |  

SoFi has had big year, according to co-founder and CEO Mike Cagney.  The funding platform is now the largest student loan refinancing company today.  Closing the year out, SoFI has facilitated more than $1.3 billion in loans for over 15,500 borrowers. The peer to peer… Read More

November 10, 2014 @ 9:13 pm By JD Alois  |  

Peer to Peer Lending Platform Achieves “A” Rating from S&P and “A2” from Moody’s Social Finance or “SoFi”, a leader in P2P or marketplace lending, today closed a $303 million+ securitization of refinanced student loans for graduate borrowers. The senior notes were rated “A” by… Read More

October 14, 2014 @ 7:47 pm By Georgia Quinn  |  

Last week’s American Banker P2P Lending and Investing Conference held in New York City (October 6-7) attracted over 375 bankers, investors, platforms and service providers. The sheer fact that a storied institution founded in 1863 and dedicated to the traditional banking industry facilitated such a… Read More

October 7, 2014 @ 11:58 am By JD Alois  |  

Kayla Tausche talks peer to peer lending and specifically the success of SoFi in a brief segment on CNBC.  The discussion was coordinated alongside SoFi’s announcement they were moving into the Mortgage market – thus expanding their offerings from refinancing student loans.  Kayla calls SoFi… Read More

October 7, 2014 @ 11:06 am By JD Alois  |  

Peer to Peer Lender Extends Product Line to Offer Mortgages. SoFi (or Social Finance), a leading peer to peer lending, has surpassed $1 billion in funded loans.  The site now claims to be the fastest P2P lender to reach this milestone. SoFi is the largest… Read More

July 10, 2014 @ 10:36 pm By JD Alois  |  

According to multiple reports, peer-to-peer lender SoFi, a San Francisco startup, has received a landmark rating on the senior portion of a $270 million P2P deal. S&P and DBRS have assigned a single A rating according to the FT. Mike Cagney, CEO of SoFi was… Read More

May 11, 2014 @ 11:07 am By JD Alois  |  

Social Finance, or SoFi, has refinanced more than half a billion dollars in student loans. The peer to peer lender has grown by nearly 800% to more than 550 universities. “We’re making a significant impact on the student debt burden,” said Mike Cagney, CEO of… Read More