Tagged: sofi

SoFi Announces New Partnership With Edmit

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

Figure Technologies Introduces New “Blockchain” Character Who Explains Benefits of DLT in Order to Help Firm Compete with Financial Giants

Lending firm Figure Technologies is betting on an animated character, called “Blockchain,” which the firm is hoping will allow it to become more competitive against large financial institutions which currently control most of the businesses that the startup is planning to transform. As explained via… Read More

The Bankcorp Bank Joins Forces With SoFi to Support SoFi Money Product

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

SoFi Joins Forces With Mastercard to Offer Suite of Products & In-Person Experiences to Nearly One Million Members

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

SoFi Opens New Office in Jacksonville

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

SoFi Receives Approval From New York State Department of Financial Services For BitLicense Application

Fintech unicorn SoFi announced on Tuesday the New York State Department of Financial Services has approved its bitlicense application, allowing SoFi Invest customers in New York to trade cryptocurrencies on its platform through SoFi Digital Assets, LLC. SoFi revealed that the bitlicense approval comes just… Read More

Ron Suber Shares Perspective on Fintech: “Creating a successful digital bank is like golf and bridge – harder than it looks”

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… 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 Teams Up With LA Stadium & Entertainment District to Open the New SoFi Stadium

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

SoFi to Open Office in Jacksonville Florida, will Create 300 Jobs: “Offering an Affordable Cost of Living”

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

Lightening Strikes Twice? Mike Cagney’s Blockchain Focused Fintech Venture Figure Reported to Raise Funding at $1 Billion Valuation

SoFi is a Fintech that claims one of the largest Fintech funding rounds in the US of all time. Founded Mike Cagney, the entrepreneur departed the firm following revelations of a corporate culture that was lacking in professionalism. Cagney took a short break from the… Read More

SoFi Announces 529 Contributions to SoFi at Work Program

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

SoFi Appoints Aaron Webster As New Chief Risk Officer

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

SoFi Launches New Fractional Share Feature Stock Bits For SoFi Invest

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

SoFi Announces Completion of First Offering of Rated Pass-Through Certificates

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

Chatter: Digital Bank Varo Said to be Shutting Down Personal Loan Division as it Focuses on Becoming First US Fintech Bank [u]

Varo Money, one of a handful of US-based digital challenger banks seeking to receive a bank charter from the Office of Comptroller of the Currency (OCC), is shutting down its consumer lending division, according to a reliable source. Multiple employees are said to be looking… Read More

SoFi’s Recent Investment from Qatar Showed Little to No Increase in Valuation Compared to Prior Round

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

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

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