Tagged: sofi

November 4, 2016 @ 4:10 pm By Samantha Hurst  |  

SoFi, one of the largest online lenders in the US, announced this week the launch of its new program dedicated to helping homeowners pay off their student debt faster. The platform new offering, which is called the Student Loan Payoff ReFi, allows homeowners to have the… Read More

October 28, 2016 @ 5:16 pm By JD Alois  |  

Orchard Platform is out with their weekly report and they are reporting that “things appear to be getting back on track” as money is flowing back into the online lending sector.  New loan issuance is being led by platforms like SoFi and Avant. If this… Read More

September 21, 2016 @ 9:38 am By JD Alois  |  

SoFi has released a new service as they expand their financial wellness offerings. SoFo has created “SoFi at Work”, the program is similar to a 401(k) where companies offer the service as a nice benefit. It should be noted that SoFi contributes $200 to each… Read More

August 25, 2016 @ 4:01 pm By JD Alois  |  

Joanne Bradford, SoFi COO, visited the studios of CNBC earlier today to give an update on the status of their lending operations. Bradford’s discussion comes  on the heels of Orchard’s industry update that showed a dip in online lending during the second quarter of 2016…. Read More

August 12, 2016 @ 10:59 am By JD Alois  |  

SoFi, one of the largets online lenders in the US, has settled a class action lawsuit regarding “hard credit” inquiries for potential borrowers. Under the terms of the agreement, SoFi will pay a $2.4 million fine which includes $625,000 in fees and $48,000 in cost reimbursements… Read More

June 8, 2016 @ 12:00 pm By JD Alois  |  

SoFi COO Joanne Bradford visited with CNBC yesterday to talk about their Fintech platform and their customers as part of the Disruptor 50 series. SoFi targets HENRY’s or High Earners Not Rich Yet customers with their growing portfolio of lending and financial services. In the… Read More

May 22, 2016 @ 11:20 pm By JD Alois  |  

While the marketplace or online lending industry has been hammered recently with negative news, WSJ.com is reporting that Moody’s has delivered the highest rating possible for a new bond deal coming out of SoFi. According to the report, the most recent bond securitization deal merited a… Read More

April 17, 2016 @ 6:43 pm By JD Alois  |  

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

March 9, 2016 @ 4:10 pm By JD Alois  |  

While this should probably not come as a surprise, SoFi CEO and founder Mike Cagney spoke to WSJ.com and announced the creation of a hedge fund.  The SoFi Credit Opportunities Fund filing hit the pages of the SEC in January and is designed to invest in SoFi’s own… Read More

March 6, 2016 @ 8:04 pm By JD Alois  |  

SoFi, perhaps the fastest growing marketplace lending platform, is investigating the possibility of launching a Real Estate Investment Trust (REIT). This is according to a report in Bloomberg that cited people with knowledge of the preparations.  SoFi is said to be considering the option as… Read More

February 7, 2016 @ 7:05 pm By JD Alois  |  

Don’t Bank. SoFi. The marketplace lender doesn’t want to change the banking industry. It wants to eliminate it completely. Having raised a mere billion dollars last year, SoFi has decided to spend a few dimes on promoting its message around the country. And what better… Read More

January 29, 2016 @ 2:27 pm By JD Alois  |  

  SoFi is one of the fastest growing marketplace lending platforms in the United States. The direct lender started by providing student loan services to well-educated young professionals. These borrowers were typically ignored by banks as the monolithic banking model and its antiquated process denied reality… Read More

December 31, 2015 @ 3:07 am By Erin Hobey  |  

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

December 26, 2015 @ 12:42 pm By JD Alois  |  

  The end of one year, and the entry into another, typically brings a cacophony of predictions for the new year along with lamentations and accolades for the one ending. At the beginning of 2015 (January 2nd to be precise), I peered deeply into my… Read More

December 17, 2015 @ 3:26 pm By Samantha Hurst  |  

IVP, a later-stage venture capital and growth equity firms in the U.S., announced on Thursday that it has raised a new $1.4 billion fund and distributed over $500 million in capital back to its Limited Partners, including the proceeds from three significant M&A transactions: Business… Read More

December 17, 2015 @ 11:08 am By Samantha Hurst  |  

SoFi, a marketplace lender for financially responsible consumers, announced on Thursday it has surpassed $6 billion in funded loans across mortgages, personal loans, and student loan refinancing. Founded in the Fall of 2011, SoFi is the first marketplace lender to have reached Founded in the Fall… Read More

November 23, 2015 @ 8:36 am By JD Alois  |  

Moody’s assigned definitive rates to the  SoFi Professional Loan Program (2015-D).  According to Moody’s, approximately $536 million in asset backed securities were rated. The securities are backed by student loans.  Moody’s said cumulative expected net loss for the loan pool was about 4.7%. The rating… Read More

November 12, 2015 @ 8:13 pm By Erin Hobey  |  

  “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways using data that was simply unavailable ten or… Read More

October 27, 2015 @ 8:34 am By Samantha Hurst  |  

Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), a real-name social networking internet platform in China, announced on Tuesday  it has completed an additional $150 million preferred stock investment in Social Finance Inc. (“SoFi”), a San Francisco-based online lending company. Renren has been an investor… Read More

October 5, 2015 @ 11:06 pm By JD Alois  |  

Sofi CEO and co-founder Mike Cagney recently commented on the $1 billion in funding they received from a Series E round led by SoftBank.  Cagney nonchalantly explained they now have more options as to when they will go public. That is a bit of an… Read More