Tagged: anthony noto

Following News of Bank Charter Approval, Shares in SoFi Move Higher

Yesterday, SoFi Technologies (NASDAQ:SOFI) received positive news as the Office of the Comptroller of the Currency (OCC) approved its bank charter license. The conditional approval enables SoFi to operate SoFi Bank as part of its previously announced acquisition of Golden Pacific Bancorp, a regional bank… Read More

Office of the Comptroller of the Currency Approves SoFi’s Bank Application

The Office of the Comptroller of the Currency (OCC) has conditionally approved  SoFi’s (NASDAQ:SOFI) application to operate a bank. According to the OCC, SoFi Bank National Association (SoFi Bank, N.A.), may operate as a full-service national bank headquartered in Cottonwood Heights, Utah. As part of… Read More

Pagaya Teams Up with SoFi to Expand Access to Financial Services, Create Opportunities for Clients

Pagaya Technologies Ltd., a financial technology firm that enables financial institutions to expand access to more clients via its artificial intelligence network, announced earlier this week that it formed a new partnership with SoFi (NASDAQ: SOFI), the digital personal finance company. The new partnership will… Read More

SoFi Trades on Nasdaq Following SPAC Deal

Leading Fintech SoFi (NASDAQ:SOFI) has successfully listed on the Nasdaq as part of a SPAC deal with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. SoFi was valued at $8.65 billion post-money and the deal is expected to provide up to $2.4 billion in cash… Read More

SPAC: SoFi On Track to Trade on Nasdaq

SoFi, one of the most successful Fintechs in the US, is on track to trade next week following a successful merger with Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE). The combined company is expected to start trading on Nasdaq on June 1, 2021, under… Read More

SoFi Unveils Auto Loan Refinancing Options on Lantern

  SoFi, one of the most successful fintechs in the U.S., announced on Tuesday it has launched auto loan refinancing through its financial services product comparison platform, Lantern. SoFi reported it launched auto loan refinancing through its partnership with MotoRefi, an auto fintech startup on a… Read More

SoFi to Acquire Golden Pacific Bancorp, Gains Bank Charter to Boost Fintech Services

SoFi has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) a Sacramento, California-based community bank that is regulated by the Office of the Comptroller of the Currency (OCC). The bank reportedly holds approximately $150 million in assets so it was quite… Read More

SoFi Launches First Credit Card

SoFi, has launched its first credit card that is said to include a rewards structure designed to help consumers reach their financial goals,  including up to 2% unlimited cash back when applied to a SoFi Money® or SoFi Active Invest account or used to pay… Read More

SoFi to Go Public in $8.65 Billion SPAC Deal with Chamath Palihapitiya’s Social Capital

Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC According to a Tweet by Palihapitiya, his thesis is based on the challenges of incumbent banks and the benefits of Fintech… Read More

SoFi Continues Rapid Growth Fueled in Part by the Coronavirus

At the end of March, SoFi CEO Anthony Noto visited with CNBC’s Jim Cramer to chat about his Fintech. At that time, Noto said the company had experienced a record number of new accounts as the Coronavirus lockdown has boosted growth at his firm. Several… Read More

SoFi Acquires 8 Securities in Hong Kong

  SoFi, one of the largest Fintechs in the US, has entered the Asian market with the acquisition of 8 Securities in Hong Kong. The acquisition follows another purchase by SoFi earlier this month when the Fintech acquired Galileo Financial Technologies for $1.2 billion in… Read More

COVID-19 Driven Boom? SoFi Sees Record Number of New Accounts

Anthony Noto, CEO of SoFi, visited with Jim Cramer of CNBC’s Mad Money show this week and shared some insight into SoFi’s performance during the COVID-19 induced lockdown. Noto said that contrary to what many other businesses are experiencing, the Fintech has seen a record… Read More

SoFi Appoints Airbnb Vice President & General Manager Clara Liang to the Board of Directors

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

SoFi CEO Anthony Noto: We Now Offer Crypto Investing, Adds Trading in Bitcoin, Litecoin and Ethereum

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

SoFi Closes on $500 Million Round Led by Qatar. Valuation Pegged at $4.3 Billion

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

SoFi CEO Antony Noto Talks Millennial Stock Investing Habits With CNBC’s Jim Cramer

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

Go Figure: Mike Cagney Raises $50M Easily, Despite Quitting SoFi Amid Sexual Harassment Allegations

Courtesy ptmoney.com

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

Heard at LendIt Fintech 2018

LendIt returned to San Francisco this year as it continues with its annual conference which is one of the largest Fintech focused events in the US. This year’s event is a bit different for several reasons. First of all, more traditional banks showed up in… Read More

SoFi Surpasses 500,000 Members & Appoints Michelle Gill As New CFO

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

SoFi to Lay Off 5% of Employees

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

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