SoFi

lendingp2p lending

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 05/04/2021

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About

Hi, were SoFia company on a mission to help our members get their money right. Questions: @SoFiSupport. CFL #6054612 NMLS #1121636 https://t.co/5sfgxnWeO7

MEDICI Analysis

SoFi helps graduates of top-tier universities refinance student loans. The company is focusing on student loans, mortgages and personal loans.

Focus

PRODUCTS & SERVICES

Consumer financing for individuals & students. A flexible process for accommodating individuals and borrowers.

REVENUE MODEL

The company generates the revenue from the interest rates.

MAIN CLIENTS

Retail Lenders

Students and Retail Borrowers

EXISTING PARTNERSHIPS

Century Link Cuts Cost

Powerhouse

Victory park. MOHELA - Third party loan servicer for student loans. Barclays and Morgan Stanley - To create bonds backed by peer-to-peer student loans.

COMMENT

Borrowers are rated based on their holistic performance for their credit scores. Apart from that , SoFi brings to the table the student-alumni connection for student refinancing by creating a community where everyone is vested in one another’s success, and both students and alumni benefit.

Traction

VALUATION / MARKET CAP:

$4.43 B in 2019

COMPANY TYPE:

For Profit

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had an annual revenue of $547Million in 2017

TRANSACTIONS VALUE:

$4 B

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

10

TOTAL FUNDING

$2.74 B

DATE OF LAST FUNDING

Jan 2021

IPO STATUS

Private

TOTAL FUNDING COMMENT

SoFi has raised $105 million funds for yield-hungry investors(Apr 2017).

ESTIMETED REVENUE RANGE

$100M to $500M

FUNDING SERIES

SERIES A  · $4 M  · Sep 2011

SERIES B  · $77.2 M  · Sep 2012

SERIES C  · $80 M  · Apr 2014

SERIES D  · $213.03 M  · Jan 2015

SERIES E  · $1 B  · Sep 2015

SERIES F  · $500 M  · Feb 2017

OTHERS  · $869.84 M · Jan 2021

DEBT FUNDING

$50 M

LISTED

NO

COMMENT

Series F: $500 M(Feb 2017) and cumulative debt funding: $201 M(Sep 2013).

company provided insights

Acquisitions

ACQUIREE NAME

8 Securities

ANNOUNCED DATE

Apr 2020

PRICE

---

ACQUIREE NAME

Zenbanx

ANNOUNCED DATE

Feb 2017

PRICE

$100 M

ACQUIREE NAME

Galileo Financial Technologies

ANNOUNCED DATE

Apr 2020

PRICE

$1.2 B

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,967,134

AVERAGE VISITS (6 MONTHS)

1,929,397.51

MONTHLY VISITS GROWTH

5.72%

VISIT DURATION

447

VISIT DURATION GROWTH

24.47%

PAGE VIEWS VISIT

6.14

PAGE VIEWS VISIT GROWTH

-4.16%

BOUNCE RATE

34.82%

BOUNCE RATE GROWTH

2.67%

GLOBAL TRAFFIC RANK

20,702

MONTHLY RANK CHANGE

-2,989

MONTHLY RANK GROWTH

-12.62%

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