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SoFi helps graduates of top-tier universities refinance student loans. The company is focusing on student loans, mortgages and personal loans.
PRODUCTS & SERVICES
Consumer financing for individuals & students. A flexible process for accommodating individuals and borrowers.
The company generates the revenue from the interest rates.
Students and Retail Borrowers
Century Link Cuts Cost
Victory park. MOHELA - Third party loan servicer for student loans. Barclays and Morgan Stanley - To create bonds backed by peer-to-peer student loans.
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.
VALUATION / MARKET CAP:
$4.43 B in 2019
$10M+ in 2017
The company had an annual revenue of $547Million in 2017
BOARD MEMBERS AND ADVISORS
J. Mathew Yohannan
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
SoFi has raised $105 million funds for yield-hungry investors(Apr 2017).
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 · $500 M · May 2019
Series F: $500 M(Feb 2017) and cumulative debt funding: $201 M(Sep 2013).
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