• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Consumer financing for individuals & students. A flexible process for accommodating individuals and borrowers.
REVENUE MODEL:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Daniel Macklin, James Finnigan, Ian Brady, Michael Cagney
Board Members and Advisors:
Duncan Niederauer, J. Mathew Yohannan, Julie Haddon, Mike Spence, Pete Hartigan, Pete Hartigan, Scott Russell, S.P. ”Wije”
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Lakestar,Marco Rossi,Institutional Venture Partners (IVP),Wellington Management,Third Point Ventures,SharesPost Investment Management,Baseline Ventures,Renren Inc,DCM,Innovation Endeavors,Thomvest Ventures,Discovery Capital,Peter Thiel,Ron Suber,QED Investors,SG VC,Wicklow Capital, SoftBank, WickFlow Capital

TRACTION

VALUATION / MARKET CAP:
$6.67 in 2017
REVENUE:
-
TRANSACTIONS VALUE:
$4 Billions

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$2.08 Billions
DATE OF LAST FUNDING:
Feb 2017
TOTAL FUNDING COMMENT:
SoFi has raised $105 million funds for yield-hungry investors(Apr 2017).
FUNDING SERIES:
SERIES A
$8 Millions Closed: Mar 2012
SERIES B
$77.2 Millions Closed: Sep 2012
SERIES C
$80 Millions Closed: Apr 2014
SERIES D
$213.03 Millions Closed: Jan 2015
SERIES E
$1 Billion Closed: Sep 2014
LISTED:
NO
COMMENT:
Series F: $500 M(Feb 2017) and cumulative debt funding: $201 M(Sep 2013).

LATEST RESEARCH