While relaxing over the Thanksgiving weekend you might have noticed a new trend occurring in television while watching the games:...
SoFi is the first bank to begin 'Pay in 4' within the Mastercard Instalments program that began in Mid-December.
This morning, SoFi announced they have agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock. It...
SoFi has filed for two index fund ETFs that will waive management fees for the first year; some industry experts...
Last month SoFi quietly crossed $10 billion in total loans issued. A remarkable achievement for a company that is less...
In October SoFi launched an offering targeted at medical school graduates; American Banker shares how the move is just the latest example of how lenders use data to tap into new borrower niches; the average debt load of medical school graduates is $190,000 and during residency salaries are around $60,000; since their income is low traditional lenders often won’t refinance these loans; with the new product residents can consolidate their debt and make a $100 monthly payment until they finish training. Source
SoFi has announced their plans to acquire Galileo Financial Technologies for $1.2 billion in cash and stock; Galileo allows companies...
Big news from SoFi today. While we know that the company has been considering going public for some time, we...
This week SoFi announced they have crossed $1 billion in total loans issued, a milestone they achieved in just...
SoFi reported record earnings and loan volume in the second quarter with revenue of $134 million, adjusted EBITDA of $61.6 million and loan volume of $3.1 billion; in earnings comments, SoFi's CEO, Mike Cagney, was more optimistic about a public offering, mentioning it as a part of a long term plan involved with the search for a new CFO; Cagney also discussed options for offering banking products and said he was optimistic about the approval of the company's application for an industrial loan charter. Source