SoFi

lendingp2p lending

FOUNDING YEAR:
LOCATION: Indonesia
Last Update: 17/07/2020

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About

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

REVENUE

$10M+ in 2017

REVENUE COMMENT:

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

TRANSACTIONS VALUE:

$4 B

People

FOUNDERS

Michael Cagney

Ian Brady

Daniel Macklin

BOARD MEMBERS AND ADVISORS

Duncan Niederauer

J. Mathew Yohannan

Julie Haddon

Mike Spence

Pete Hartigan

Scott Russell

S.P. ”Wije”

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Baseline Ventures

DCM

DCM Ventures

Discovery Capital

GGV capital

Innovation Endeavors

Institutional Venture Partners (IVP)

Lakestar

Marco Rossi

Morgan Stanley

Peter Thiel

QED Investors

Renren Inc

Ron Suber

SG VC

SharesPost Investment Management

SoftBank

Third Point Ventures

Thomvest Ventures

Ulu Ventures

Wellington Management

WickFlow Capital

Wicklow Capital

KEY EMPLOYEES:

James Finnigan

Momentum

FUNDED

YES

TOTAL FUNDING

$2.37 B

DATE OF LAST FUNDING

2019

TOTAL FUNDING COMMENT

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

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  · $500 M · May 2019

DEBT FUNDING

$50 M

LISTED

NO

COMMENT

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

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