Archives

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

March 29, 2019 @ 3:55 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday it has refreshed its mortgage offering as SoFi Home Loans. The lender reported that the offering is complete with a re-engineered process that helps people buy or refinance a home with an online application, no hidden fees, or… Read More

October 3, 2018 @ 8:56 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced it has formed a new partnership with home improvement platform Kukun to offer advanced new tools to help homeowners gain a greater understanding of how much their home improvement project could cost and how it can affect the resale value of… Read More

July 4, 2018 @ 8:39 pm By Samantha Hurst  |  

On Tuesday, SoFi announced the election of Peggy Alford and Magdalena Yeşil to its Board of Directors. According to the online lender, Alford is the Chief Financial Officer and Head of Operations for the Chan Zuckerberg Initiative. Previously she held positions at PayPal as CFO of… Read More

June 20, 2018 @ 11:11 pm By JD Alois  |  

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some… Read More

May 1, 2018 @ 11:57 am By Erin Hobey  |  

Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi late last year as the platform was upended with legal challenges regarding accusations of allowing a “sexually charged corporate culture that condones… Read More

April 23, 2018 @ 9:57 am By JD Alois  |  

It is a truism that we need bank like services but we really do not need banks. The financial industry is going through a period of disaggregation where some services are being separated from a traditional, brick and mortar service, to Fintech verticals that may… Read More

April 19, 2018 @ 5:12 pm By JD Alois  |  

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21 months of non-stop… Read More

April 9, 2018 @ 1:46 pm By Samantha Hurst  |  

On Monday, new CEO of SoFi, Anthony Noto, announced on Twitter that the online lender has surpassed 500,000 in members. This news comes less than a month after Noto assumed his new role at the online lender’s team. Noto confirmed the exciting membership growth news by… Read More

April 6, 2018 @ 2:00 pm By Samantha Hurst  |  

On Friday, online lending platform SoFi announced it has formed a partnership with global organizational consulting firm Korn Ferry to bring access to the KF Advanced career development platform to all of SoFi’s nearly half a million members for free. According to the duo, this… Read More

March 28, 2018 @ 10:12 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced it was making changes to wealth portfolios. The lender reported that it wants to help users make the smartest investment decisions possible so that they can continue on the path to their goals. It was also reported that each… Read More

February 12, 2018 @ 2:52 pm By Samantha Hurst  |  

On Monday, online lending platform SoFi announced those who lost on the popular app and live trivia game show, HQ Trivia, now have an opportunity to win through its new “So Money” sweepstakes. SoFi reported that from now through February 16th it will award $25… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

January 29, 2018 @ 3:14 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday that it has joined forces with WeWork. Through the collaboration, SoFi will help WeWork’s more than 3,000 employees and over 175,000 members take on their student loan debt. The lender revealed that this is its first SoFi At… Read More

January 25, 2018 @ 9:53 pm By Samantha Hurst  |  

Online lender SoFi announced on Thursday the closing of its $960.2 million offering of SoFi Professional Loan Program 2018-A Notes (SoFi 2018-A). According to the lending platform, the offering reflects underlying collateral of more than $1billion in student loans and is SoFi’s largest ever securitization, as well… Read More