Tagged: sofi

May 3, 2017 @ 11:08 am By Samantha Hurst  |  

On Tuesday, SoFi announced its weeklong Raise Week campaign, which is described as a week of online education, in-person events, and personal career coaching to help its customers get what they’re truly worth in the workforce. While sharing details about the campaign, which will kick… Read More

April 27, 2017 @ 10:25 pm By JD Alois  |  

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

April 15, 2017 @ 6:33 am By Xu Gao  |  

Wecash Nails Down Series C Funding with $ 80 million Big Data Company Wecash raised $ 80 million in series C funding led by China Merchants Capital, Fore Bright Capital and SIG. Two new investors – Dongfang Hongdao Asset Management and Lingfeng Capital joined the existing… Read More

April 14, 2017 @ 10:43 am By JD Alois  |  

Renren (NYSE: RENN), an early investor in the first Fintech unicorn SoFi, recently announced it had sold preferred shares in SoFi to investors on April 4th. The transaction was completed in conjunction with SoFi’s $500 million funding round. Renren is an early investor in SoFi which… Read More

April 13, 2017 @ 11:15 am By Samantha Hurst  |  

Online lender SoFi recently announced the launch of its new two-step verification feature that will offer users the next level of account protection. The company revealed that two-factor authentication (or 2FA) would provide an additional layer of security to help protect accounts from unauthorized access. While sharing… Read More

March 17, 2017 @ 1:19 pm By Samantha Hurst  |  

Online lender SoFi announced on Thursday it has elected Mike Bingle, Steven Freiberg, and Robert L. Joss to its Board of Directors. This news comes just a couple of weeks after the lending platform closed a $500 million funding round led by Silver Lake. While sharing… Read More

March 14, 2017 @ 12:08 pm By Spencer Li  |  

One of the fundamental differences between Chinese and US lending platforms can be found just by examining the home pages of their websites. Most, if not all, US platforms’ landing pages are targeted at borrowers and exhibit mainly information around borrowing whereas, on those of… Read More

February 8, 2017 @ 4:05 pm By Samantha Hurst  |  

Promontory Interfinancial Network, LLC announced on Wednesday it has teamed up with SoFi for a new program to enable community banks to purchase super-prime student loans originated by the online lender. According to Promontory, the program will help community banks gain access to SoFi’s high quality… Read More

February 7, 2017 @ 12:07 pm By Timothy Li  |  

The Office of Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was created by the National Currency Act of 1863 (154 years ago, 20 years before the automobile was invented by Karl Benz from Germany)…. Read More

February 1, 2017 @ 9:40 am By Samantha Hurst  |  

Top Online Lender SoFi Acquires Digital Only Bank Zenbanx SoFi has announced the acquisition of Zenbanx, a Delaware-based Fintech firm providing multi-currency mobile banking services in the U.S. and Canada. SoFi revealed it intends to leverage Zenbanx’s platform and underlying technology to expand its growing suite of… Read More

January 26, 2017 @ 12:21 pm By JD Alois  |  

LendingRobot has officially launched their next big vertical: a Robo-Hedge Fund for alternative lending. Crowdfund Insider initially wrote about the forthcoming Robo-fund when we uncovered an SEC filing for a pooled investment vehicle last November. While the filing became public at that moment, the “LendingRobot… Read More

January 22, 2017 @ 5:19 pm By JD Alois  |  

Leveraging a common language and an emerging Fintech regulatory realm that is improving, SoFi is poised to enter the mortgage lending market in Australia. First reported in the Financial Review, SoFi, one of the largest online lenders in the US, is prepping to challenge  Aussie… Read More

January 17, 2017 @ 2:18 pm By JD Alois  |  

SoFi expects the online mortgage origination industry to be a big portion of their business. In fact, they expect mortgages to experience the fastest growth of any of their products to date. National Mortgage News shared some comments from SoFi management including Chief Revenue Officer… Read More

January 5, 2017 @ 10:34 pm By JD Alois  |  

A report by Renaissance Capital shows the US IPO market tanking in 2016.  The proceeds from IPOs dipped to the lowest level since 2003. This includes the dark years of the Great Recession. While the IPO had a grim year, the researchers at Renaissance are… Read More

January 2, 2017 @ 4:49 pm By JD Alois  |  

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

December 22, 2016 @ 5:02 pm By Samantha Hurst  |  

Earlier this week, CEO of online lender SoFi, Mike Cagney, sat down with Caroline Hyde on “Bloomberg Technology” to discuss the platform’s plans for 2017 along with revealing details about the lender’s competitors. SoFi, which was founded in 2011, currently offers various types of lending options…. Read More

December 18, 2016 @ 8:10 am By JD Alois  |  

Fitch shared last week its intent to rate SoFi’s RMBS transaction that included 270 loans with a total balance of approximately $168.79 million. The group of loans consists of prime fixed-rate mortgages originated on the SoFi online lending platform. The presale report was pretty positive… Read More

December 14, 2016 @ 11:52 am By Samantha Hurst  |  

  Last week, SoFi, one of the largest online lenders in the US, made a special appearance on the hit talk show The Ellen Show and offered the audience a bit of a surprise. As previously reported, SoFi describes itself as a “modern finance company.” Its mission has… Read More

December 11, 2016 @ 2:03 pm By Jessica Pham  |  

In a grand mashup of investment and politics, President-elect Donald Trump and Tokyo-based SoftBank Group Corp.‘s CEO Masayoshi Son announced their plan this week to create 50,000 new jobs in the U.S. via a $50 billion investment namely in startups. Deal Street Asia reported that the… Read More

November 23, 2016 @ 4:12 pm By JD Alois  |  

Coverage in minutes. No trip to the doctor necessary. Incredible pricing. This is what most people want to hear when they are considering purchasing life insurance. Online lender SoFi is doing just this but they are targeting the healthiest demographic among us – the Millennials…. Read More