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SoFi Stock

Online personal finance company

Founded

2011

Notable Investors

Institutional Venture Partners

Headquarters

San Francisco CA, US

Total Funding

$4.0B

About SoFi Stock

Social Finance (SoFi) is a finance company that offers a range of lending and wealth management services. The company primarily caters to recent graduates and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and other products. SoFi states that it offers low rates due to its digital platform, which allows it to keep expenses lower, and its more selective underwriting process. SoFi claims that they look beyond credit scores and debt-to-income ratios and consider additional factors like estimated cashflow, career, and education. While other lenders charge higher rates to account for the possibility that borrowers won't pay back their loans, SoFi argues that its underwriting process helps ensure its members have a high likelihood of making their payments.

Based in San Francisco, California, the company was founded in 2011.

Source: Crunchbase; SoFi

Investors

Funding History

September 2011$3.9M
September 2012$81.9M
November 2012$2.2M
March 2014$80.8M
January 2015$232M
July 2015$1.0B
March 2017$500M
May 2019$450M
May 2019$784M
May 2020$880M

Management

Chief Executive Officer

Anthony Noto

Interim Chief Financial Officer

Chris Lapointe

Chief Technology Officer

Tony Donohoe

Press

SoFi Pays Customers for Unexpected Tax Hit

Wall Streets Journal - Sep, 24 2019

SoFi launches gig-focused ETF

TechCrunch - May, 8 2019

Joanne Bradford is out as SoFi CMO

Fast Company - May, 7 2019

Why You Should Think Twice About ‘Free’ Funds

Wall Streets Journal - Mar, 1 2019

Twitter COO Anthony Noto Leaves For SoFi

TV News Check - Jul, 2 2018

Other Companies

EquityZen does not have an affiliation with, formal relationship with, or endorsement from SoFi or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

Some data provided by Crunchbase

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