A new report by 11:FS found that small businesses believe fintechs are doing a better job at meeting their needs;...
A new survey by 12 Federal Reserve banks says 35 percent of small business owners who received loans from fintech...
Data storage startup Snowflake is adding Google’s public cloud to their support which already can service Amazon Web Services and...
Coronavirus has been the dominating topic of the day and it has taken over almost every aspect of our lives;...
According to a survey by Bank of America 77 percent of high net worth millennials own or are interested in...
Banks are dealing with a myriad of issues trying to service customers during the pandemic with less staff and less...
Bloomberg is reporting that SoFi is in the final stages of closing a $500 million funding round from the Qatar...
SoFi acquired the engineering and product teams from mortgage startup Clara Lending; American Banker reported SoFi said of the deal it will help them to, “immediately ramp up our technical capabilities."; SoFi’s business is still reliant on student loan refinancing but this acquisition will allow them to increase their mortgage business in the next few years. Source.
SoFi has announced the addition of Mike Bingle, Steven Freiberg, and Robert Joss to its board of directors; Bingle is a managing partner and managing director at Silver Lake, the company which recently partnered with SoFi for a $500 million funding round; Freiberg is joining the board after previously servicing as the CEO of E*TRADE Financial Corporation; Joss is currently a professor at Stanford and previously worked at Westpac Banking Corporation and Wells Fargo; Mike Cagney says the experience from the new board members will be helpful in supporting the firm's product and geographic expansions. Source
In a press release this week, marketplace lender, SoFi, provided more details on its partnership with Protective and announced the launch of a new term life insurance offering for millennials; product provides life insurance for up to $1 million and features a 20 minute application and approval process. Source