Tagged: sofi

June 20, 2018 @ 11:11 pm By JD Alois  |  

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some… Read More

May 17, 2018 @ 12:55 pm By Erin Hobey  |  

What began as an advising board position developed into job opportunity for former BOA Merrill Lynch Managing Director of Equity Markets Rene van Kesteren, who joined BlockFi as its new Chief Risk Officer. BlockFi, based in New York City, serves crypto investors by offering USD loans… Read More

April 23, 2018 @ 9:57 am By JD Alois  |  

It is a truism that we need bank like services but we really do not need banks. The financial industry is going through a period of disaggregation where some services are being separated from a traditional, brick and mortar service, to Fintech verticals that may… Read More

April 19, 2018 @ 5:12 pm By JD Alois  |  

PeerIQ has just published their quarterly marketplace lending securitization tracker. The periodic report gauges activity in the online lending sector providing an interesting barometer of industry sentiment and investor activity. The most recent report stated that PeerIQ has observed an “unprecedented 21 months of non-stop… Read More

April 10, 2018 @ 12:19 pm By JD Alois  |  

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

April 9, 2018 @ 1:46 pm By Samantha Hurst  |  

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

April 6, 2018 @ 2:00 pm By Samantha Hurst  |  

On Friday, online lending platform SoFi announced it has formed a partnership with global organizational consulting firm Korn Ferry to bring access to the KF Advanced career development platform to all of SoFi’s nearly half a million members for free. According to the duo, this… Read More

April 3, 2018 @ 9:38 am By Samantha Hurst  |  

SoFi announced on Monday it completed $2.6 billion in loan securitizations in the first quarter of 2018, a 35% increase over the prior-year period and its largest-ever quarterly ABS issuance volume. According to SoFi, during the first quarter of 2018, the lender completed a total of… Read More

March 28, 2018 @ 10:12 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced it was making changes to wealth portfolios. The lender reported that it wants to help users make the smartest investment decisions possible so that they can continue on the path to their goals. It was also reported that each… Read More

February 13, 2018 @ 12:48 pm By Erin Hobey  |  

BlockFi, a New York-based non-bank lender that offers USD loans to cryptoasset owners, announced a $1.55 million raise from ConsenSys Ventures, Kenetic Capital, PJC, SoFi,  Purple Arch Ventures and Lumenary. The new capital injection will be used to bridge the gap between traditional debt capital markets and… Read More

February 12, 2018 @ 2:52 pm By Samantha Hurst  |  

On Monday, online lending platform SoFi announced those who lost on the popular app and live trivia game show, HQ Trivia, now have an opportunity to win through its new “So Money” sweepstakes. SoFi reported that from now through February 16th it will award $25… Read More

February 1, 2018 @ 10:05 am By Samantha Hurst  |  

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

January 29, 2018 @ 3:14 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Monday that it has joined forces with WeWork. Through the collaboration, SoFi will help WeWork’s more than 3,000 employees and over 175,000 members take on their student loan debt. The lender revealed that this is its first SoFi At… Read More

January 25, 2018 @ 9:53 pm By Samantha Hurst  |  

Online lender SoFi announced on Thursday the closing of its $960.2 million offering of SoFi Professional Loan Program 2018-A Notes (SoFi 2018-A). According to the lending platform, the offering reflects underlying collateral of more than $1billion in student loans and is SoFi’s largest ever securitization, as well… Read More

January 24, 2018 @ 10:14 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced details about its 2017 successes and plans for the new year. This announcement comes just after the lender named Anthony Noto as its new CEO and a director, effective March 1st. The 2017 milestone and accomplishments include: SoFi topped… Read More

January 23, 2018 @ 9:19 am By JD Alois  |  

SoFi has shared that its Board of Directors has appointed Anthony Noto as Chief Executive Officer and a director, effective March 1. Rumors swirled earlier this week as it was confirmed that Noto, currently Twitter COO, was in discussion with the large Fintech firm to… Read More

January 22, 2018 @ 11:26 am By JD Alois  |  

Anthony Noto, Chief Operating Officer at Twitter, is expected to move into the CEO spot at Fintech platform SoFi, according to multiple reports. Noto is responsible for Twitter’s  business operations and revenue generating organizations, including global advertising sales, global partnerships, business development, live content, data, revenue… Read More

January 17, 2018 @ 1:30 am By Timothy Li  |  

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

January 9, 2018 @ 8:46 am By Samantha Hurst  |  

On Monday, online lending platform SoFi announced its 2018 class of SoFi Entrepreneurs. The lender revealed that the ten companies selected for the program stood out amongst the hundreds of applications it received by representing a “diverse set” of industries, backgrounds, and issues they’re trying… Read More

January 2, 2018 @ 12:34 pm By Samantha Hurst  |  

Just a few months after he was dismissed from SoFi amid sexual harassment allegations, the founder and former CEO of the online lender, Mike Cagney, is now seeking $25 million for his new fintech startup. As previously reported, allegations in an NYT.com article criticized both SoFi operations… Read More