Tagged: sofi

May 29, 2020 @ 12:45 am By JD Alois  |  

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

May 27, 2020 @ 1:16 pm By Samantha Hurst  |  

Samsung Electronics America, Inc. announced on Wednesday it has teamed up with SoFi to launch Samsung Money by SoFi, a new mobile-first money management experience that brings a cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay. According to… Read More

May 21, 2020 @ 9:21 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it is expanding its partnership with life insurance platform Ladder to include estate planning. SoFi reported that through the partnership expansion, its members may now have the ability to draft their will for free and can also access legal services… Read More

May 20, 2020 @ 6:09 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, has eliminated 112 positions following “performance reviews.” The news comes following reports that SoFi was experiencing a COVID-19 driven boom for their trading and investment feature.  According to a report by BI, SoFi cut 7%… Read More

May 10, 2020 @ 10:33 pm By Samantha Hurst  |  

Samsung Pay announced last week it is set to join forces with online lending platform SoFi to launch a new debit card. This news comes just days after Swipe launched Samsun Pay for Swipe Visa cardholders.  Launched in 2015, Samsung Pay describes itself as a… Read More

May 5, 2020 @ 11:18 am By Samantha Hurst  |  

SpotOn Transact, Inc (SpotOn), a software and payments company, announced on Tuesday it has formed a new partnership with fintech unicorn SoFi to provide financial products to small businesses during the COVID-19 pandemic. According to SpotOn, the collaboration will help small businesses by bypassing the… Read More

April 27, 2020 @ 11:15 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Monday it has helped funnel more than $75 million in loan applications to lenders for the Paycheck Protection Program (PPP) established by the CARES Act, through its extensive network of lenders and Lantern, the product comparison site operated by SoFi…. Read More

April 21, 2020 @ 8:38 am By JD Alois  |  

  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

April 13, 2020 @ 1:00 pm By Omar Faridi  |  

Xignite, an established provider of market data distribution and management solutions for Fintech firms, has acquired a patent for methodology that enables real-time user alerts – which are reportedly based on defined stock market conditions. The Fintech company’s patented technology is used in its CloudAlerts… Read More

April 7, 2020 @ 1:28 pm By JD Alois  |  

One of the largest Fintechs in the US, SoFi, has acquired Galileo Financial Technologies for $1.2 billion in both cash and stock, according to a company release. Galileo is a provider of a digital payments platform that is described as being “critical to checking and… Read More

March 27, 2020 @ 6:37 pm By JD Alois  |  

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

February 19, 2020 @ 3:32 pm By Samantha Hurst  |  

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

February 12, 2020 @ 2:58 pm By Omar Faridi  |  

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

February 7, 2020 @ 2:04 pm By Samantha Hurst  |  

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

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

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

January 7, 2020 @ 1:22 pm By Samantha Hurst  |  

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

December 3, 2019 @ 11:11 pm By Samantha Hurst  |  

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

November 4, 2019 @ 12:24 pm By JD Alois  |  

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

October 4, 2019 @ 2:33 pm By Samantha Hurst  |  

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

September 25, 2019 @ 8:34 am By JD Alois  |  

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