SoFi Stock
Online personal finance company
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
Baseline Ventures
SoFi, Machine Zone, PagerDuty, AltSchool, Shape Security, CircleCI, TrustArc, Instagram, TaskRabbit, Weebly
Institutional Venture Partners
Snap, AppDynamics, SoFi, Compass, Slack, Klarna, Twitter, Lime, Domo, Zenefits
Manhattan Venture Partners
SoFi, Wish, Postmates, Lime, Rent the Runway, DraftKings, Zocdoc
Morgan Stanley
Flipkart, SoFi, Affirm, Domo, Lookout, NJOY, Foursquare, SurveyMonkey, Doximity, Rocket Lawyer
Qatar Investment Authority
QED Investors
SoFi, Avant, Nubank, Prosper Marketplace, MediaMath, GreenSky, Optoro, LendUp, Roofstock, CAN Capital
RPM Ventures
RSC Capital
Silver Lake Partners
SoftBank Capital
Alibaba, SoFi, Compass, Snapdeal, Guardant Health, BuzzFeed, Fitbit, Lemonade, Kabbage, Gilt Groupe
Third Point Ventures
Lyft, SoFi, Wish, SentinelOne, Upstart, Aryaka Networks, IEX Group, Kumu Networks
Wellington Partners
Spotify, SoFi, Pure Storage, UiPath, The Honest Company, Mozido, Redfin, ForeScout Technologies, New Relic, Apigee
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 | $539M |
Management
Chief Executive Officer
Anthony Noto
Chief Financial Officer
Michelle Gill
Chief Technology Officer
Tony Donohoe
Chief Marketing Officer
Lauren Stafford Webb
Chief Risk Officer
Aaron J. Webster
General Counsel
Rob Lavet
Business Head, Consumer Lending
Anand Cavale
Head of Product
Assaf Ronen
Head of People
Anna Avalos
Business Head, Invest & Advice
John Gardner
Global Head of Operations
Richard Garside
Business Unit Leader, Money
Eugenia Gibbons
Business Head, New Business, Treasury & International
Tony Paquette
Business Unit Leader, Credit Cards & Head of Pricing
Naga Parvatharajan
Business Head, Personal Lending & Home Loans
Zeenat Sidi
SVP of Corporate Development & Investor Relations
William Tanona
Business Head, Lantern, Partnerships, & Content
Jennifer Nuckles
Global Head of Data Science & Machine Learning
Alexander Statnikov
VP, Capital Markets
Ryan Feeney
Press
TechCrunch - Dec, 1 2019
TechCrunch - Nov, 5 2019
Forbes - Oct, 10 2019
Wall Streets Journal - Sep, 24 2019
Forbes - Jul, 10 2019
TechCrunch - May, 29 2019
TechCrunch - May, 8 2019
Fast Company - May, 7 2019
Wall Streets Journal - Apr, 19 2019
Wall Streets Journal - Mar, 1 2019
TechCrunch - Feb, 27 2019
TechCrunch - Feb, 25 2019
Asset Securitization Report - Sep, 14 2018
PR Newswire (press release) - Sep, 13 2018
CNNMoney - Aug, 30 2018
Pymnts - Aug, 17 2018
bloomberg - Aug, 6 2018
Fast Company - Jul, 17 2018
PYMNTS.com - Jul, 3 2018
TV News Check - Jul, 2 2018
Fast Company - Mar, 8 2018
Other Companies
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Some data provided by Crunchbase
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