Tagged: sofi

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

December 19, 2017 @ 10:21 am By Samantha Hurst  |  

On Tuesday, online lending platform SoFi announced it is now offering a six-month grace period for graduates using its newly launched SoFi ReFi program. The online lender revealed: “We know that the last thing people want to think about during graduation is their student debt…. Read More

December 12, 2017 @ 2:40 pm By Samantha Hurst  |  

Last week, WSFS Financial Corporation, the parent company of WSFS Bank, has entered into a two-year partnership to provide payment processing and debit card sponsorship services for a new cash management account by SoFi Securities, a subsidiary of SoFi. The new “SoFi Money” account is reportedly expected… Read More

December 11, 2017 @ 8:00 am By Samantha Hurst  |  

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. SoFi reported… Read More

November 11, 2017 @ 12:10 pm By Samantha Hurst  |  

On Friday, SoFi announced it has completed a $727 million issuance of SoFi Consumer Loan Program 2017-6 (“SCLP 2017-6”) notes, making it the largest offering of securities backed by consumer loans and is SoFi’s 11th ABS transaction this year, bringing the lender’s total issuance for… Read More

November 7, 2017 @ 3:51 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Tuesday it has launched its Refi and Relax campaign, which the lender explained is on a mission to educate graduates on their refinancing options as a way to relieve the overwhelming stress that comes with carrying student debt. The… Read More

October 26, 2017 @ 2:40 pm By JD Alois  |  

SoFi recently topped $25 billion in loan originations, according to a tweet by the Fintech platform.. The company also claims a growing community of just under 400,000 users. The online lender skipped over the standard milestone release and shared the information via social media. The positive… Read More

October 23, 2017 @ 3:31 pm By JD Alois  |  

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

October 19, 2017 @ 8:23 am By Samantha Hurst  |  

Online lending platform SoFi announced on Wednesday the launch of its student loan refinancing program that is dedicated to medical residents. The program enables the residents to tackle their college debt faster. It was revealed: “Anyone who pursues the medical field knows that the path… Read More

October 18, 2017 @ 8:57 am By Samantha Hurst  |  

Online lending platform SoFi recently announced the launch of its Entrepreneur Program 2.0. The company reported that original program was launched four years ago and since then has helped four classes of 70 companies founded by the lender’s members to get off the ground with its… Read More

October 16, 2017 @ 9:50 am By Samantha Hurst  |  

SoFi announced on Friday the closing of a $776.7 million offering of SoFi Professional Loan Program 2017-E notes, which has been dubbed the lending platform’s largest loan securitization. According to the online lender, SoFi 2017-E marks the company’s largest asset-backed securities issue to date and its 10th ABS… Read More

October 11, 2017 @ 8:54 am By JD Alois  |  

There are two ways that big business competes in the USA. You can provide a better product or service for your customers or you can work with elected and appointed officials to block innovative firms. Of course, the consumer loses out in all this, but… Read More

September 26, 2017 @ 3:39 pm By JD Alois  |  

June Ou, SoFi’s CTO and VP of Engineering, will depart the online lender. The move is not completely unexpected as Ou is also the wife of ousted founder Mike Cagney who ignominiously left the firm under a cloud opprobrium. Reuters first reported the news last… Read More

September 15, 2017 @ 8:38 am By JD Alois  |  

SoFi CEO Mike Cagney has resigned as CEO, effective immediately. Recently, Cagney had announced he had resigned as Board Chair and would vacate the position of CEO at the end of the year. Allegations in an NYT.com article hammered both SoFi operations and Cagney’s behavior… Read More

September 14, 2017 @ 11:36 pm By JD Alois  |  

SoFi has published a public letter addressing the allegations leveled by NYT.com earlier this week. While avoiding the accusations of an environment of rampant sexual harassment, the letter tackles the operational questions the report said existed at the online lender. The NYT report was not… Read More

September 13, 2017 @ 8:43 pm By JD Alois  |  

Additional details have been reported surrounding the planned departure of one of the most prominent Fintech CEOs in the world. NYT.com has published a report on the “Frat House” like environment that existed at SoFi with CEO Mike Cagney reportedly being a prime offender. The… Read More

September 12, 2017 @ 4:15 pm By JD Alois  |  

SoFi co-founder and CEO Mike Cagney has announced he will resign from SoFi at the end of this year. In a message to SoFi employees last night, Cagney said it was with “heavy heart” he will depart the iconic firm he founded. The announcement comes… Read More

September 7, 2017 @ 11:18 am By JD Alois  |  

SoFi CEO Mike Cagney has decided not to participate in the Goldman Fintech event taking place this week in Manhattan, according to a report by Bloomberg. The report attributed the schedule change to the ongoing litigation that is challenging the Fintech platform. SoFi Spokesperson Jim… Read More

September 1, 2017 @ 11:38 am By Samantha Hurst  |  

Online lender SoFi announced this week its program, SoFi Accelerate, will be heading to Chicago later this month. According to the lending platform, SoFi Accelerator is the first-of-its-kind career incubator that gives “ambitious” professionals the time and space to think big – and the tools… Read More