Archives

February 19, 2020 @ 3:32 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Tuesday it has formed a new partnership with Edmit, a company that helps families make smarter financial decisions about college, to provide college-bound students and their families with tools and resources needed to make the college selection and financial aid process… Read More

February 7, 2020 @ 2:04 pm By Samantha Hurst  |  

The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK) announced earlier this week it has formed a new partnership with SoFi to provide back-end banking services and become exclusive card issuer of the SoFi Money product. According to the duo, the… Read More

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More

January 7, 2020 @ 1:22 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Tuesday the opening of its newest office location in Jacksonville, Florida.  According to SoFi, the office is located in the St. Johns Town Center and will fit up to 300 full-time staff, mainly focused on operations functions including member relations,… Read More

October 4, 2019 @ 2:33 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Friday it has appointed Airbnb’s Vice President and General Manager, Clara Liang to its Board of Directors. According to SoFi, Liang has been with Airbnb since 2016 and has also led product management for community support, payments, trust, and infrastructure…. Read More

September 25, 2019 @ 8:34 am By JD Alois  |  

SoFi CEO Anthony Noto visited the studios of CNBC today and during his interview he announced that SoFi will now allow its users to purchase and trade cryptocurrencies. Specifically, Bitcoin, Litecoin and Ethereum – three of the most popular virtual currencies. Noto stated, “cryptocurrency was the… Read More

September 16, 2019 @ 9:10 am By Samantha Hurst  |  

Fintech unicorn SoFi announced over the weekend it has teamed up with LA Stadium and Entertainment District to open the new SoFi Stadium, which will be the future home of the Los Angeles Chargers and the Los Angeles Rams. SoFi reported that the new stadium… Read More

August 30, 2019 @ 3:30 pm By JD Alois  |  

San Francisco based SoFi is expanding and hiring new employees. The California born Fintech is just not doing it in the Golden State. SoFi will be hiring 300 new employees in a new Southeast Operations Center in Jacksonville, Florida. SoFi, like many other firms, is… Read More

August 15, 2019 @ 2:20 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday the addition of 529 contributions to their SoFi at Work program. According to SoFi, the 529 contributions are inclusive of automated payroll deduction and employer contribution capabilities, as well as a forthcoming selection tool that will provide employees with… Read More

July 18, 2019 @ 3:09 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has appointed Aaron Webster as its new Chief Risk Officer. Webster will notably be overseeing all of SoFi’s risk, fraud, and credit management frameworks, and will lead its credit risk and underwriting activities. Webster notably joins SoFi from… Read More

July 8, 2019 @ 10:02 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Monday the general availability of its Stock Bits feature for SoFi Invest, offering the ability to buy and sell fractional shares with as little as $1 in over 50 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and… Read More

June 27, 2019 @ 4:03 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Wednesday it has completed its $200 million offering of post-graduate student loan asset-backed certificates issued by SoFi Alternative Trust 2019-C (SAT 2019-C). According to SoFi, the Certificates are rated single-A by DBRS and mark the first rated pass-through certificate transaction… Read More

May 30, 2019 @ 4:11 pm By JD Alois  |  

SoFi, one of the largest Fintechs in the US, just closed on a $500 million funding round led by the Qatar Investment Authority. The valuation of the Fintech was reported at $4.3 billion – well into Unicorn status but not much of an approvement in… Read More

May 29, 2019 @ 11:20 am By JD Alois  |  

Fintech SoFi, a company that started as an online lender but now provides a portfolio of services, has closed on a $500 million funding round giving the company a valuation of $4.3 billion. The funding round was led by the Qatar Investment Authority (QIA). Current… Read More

May 16, 2019 @ 10:47 pm By Samantha Hurst  |  

On Thursday, CEO of fintech unicorn SoFi, Anthony Noto, sat down with CNBC’s Jim Cramer to share his insights on millennial stock investing habits. According to Noto, early investors tend to buy stocks that are less than $10 and they are buying recognizable brands such… Read More

May 8, 2019 @ 9:34 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Tuesday the launch of its newest exchange-traded funds (ETFs), which are the SoFi Gig Economy ETF (NASDAQ: GIGE) and the SoFi 50 ETF (NYSE: SFYF). According to SoFi, the ETFs will further extend its approach of providing members access to… Read More

April 24, 2019 @ 2:19 pm By Samantha Hurst  |  

Fintech unicorn SoFi is reportedly seeking to raise $500 million from the Qatar Investment Authority. The company, which has a valuation of $4.3 billion, has previously raised $2 billion from investors, which includes Manhattan Venture Partners, RSC Capital, SoftBank, Silver Lake Partners, and DCM Ventures. Founded… Read More

April 17, 2019 @ 2:45 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday it has formed two partnerships with insurtechs Lemonade and Root to expand its portfolio of offerings to its members to include homeowners and renters insurance. SoFi reported that the partnerships round out its insurance offerings, giving members access… Read More

April 12, 2019 @ 10:32 am By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). According to SoFi, both funds have fee waivers in place that lower total fund expenses… Read More

April 8, 2019 @ 12:28 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday the launch of its new SoFi Private Student Loans, which is a no fees, competitive rates, flexible payment options, and a mobile-first experience. SoFi reported that its SoFi Private Student Loans offering is built around an easy and transparent… Read More