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Social Finance, Inc.

Financial Services

Social Finance Inc. (SoFi) is one of few lenders that handles federal and private student loan consolidation as well as mortgage lending, mortgage refinancing, personal loans, wealth management, and life insurance, among other services. With almost 500,000 members, the SoFi community works to help each other meet their financial goals – whether that’s homeownership, investing, saving for the future, or accelerating career success.

News

SoFi Announces New Partnership With Edmit

Fintech unicorn SoFi announced on Tuesday it has formed a new partnership with Edmit, a company that helps families make smarter financial decisions about college, to provide college-bound students and their families with tools and resources needed to make the college selection and financial aid process.

The Bancorp Teams Up With SoFi to Support SoFi Money® Product

The Bancorp Bank, the wholly owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK) is excited to announce its partnership with SoFi, a digital personal finance company, to provide back-end banking services and act as the exclusive card issuer behind the SoFi Money® product.

Mastercard, SoFi Team Up On Payment Products | PYMNTS.com

Mastercard and digital personal finance company SoFi have teamed up on a suite of products and experiences to benefit SoFi's nearly one million customers.

SoFi Digital Assets receives New York BitLicense - CoinGeek

SoFi will now offer crypto trading services to New York residents after receiving the coveted BitLicense from the New York Department of Financial Services.

SoFi Introduces Stock Bits: Fractional Share Buying Made Easy

SoFi today announced the general availability of its Stock Bits feature for SoFi Invest, offering the ability to buy and sell fractional shares with as little as $1 in over 50 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.

Sources: SoFi Putting Name on Inglewood Stadium

The stadium at the Los Angeles Stadium and Entertainment District, shown under construction earlier this month, will be home to the NFL's Rams and Chargers when it opens in 2020.

SoFi launches gig-focused ETF

SoFi is one of the leading fintech startups to emerge from San Francisco and breach the financial markets. Originally started as a way to better finance student debt, it has since expanded to include products targeted at personal loans and home loans.

SoFi Is in Talks With Qatar for $500 Million Funding Round

Fintech startup Social Finance Inc. is in the final stages of closing a funding round from the Qatar Investment Authority and others, according to four people familiar with the matter.

SoFi Takes Education Financing Back to School with New Private Student Loans

SoFi announced today the availability of SoFi Private Student Loans1, with no fees, competitive rates, flexible payment options, and a mobile-first experience.

Podcast 193: Anthony Noto of SoFi - Lend Academy

SoFi is certainly one of the more interesting companies in fintech. They started life focused on student loan refinancing, a category they invented back in 2011, but have morphed into what is the most diversified company in all of fintech. They have not just moved into other areas of lending, they have moved quite aggressively …

SoFi Refreshes Home Loans, Making Home Buying Painless and Paperless

Today, SoFi announced the refresh of its mortgage offering as SoFi Home Loans, complete with a reengineered process that helps people buy or refinance a home with an online application, no hidden fees, or prepayment penalties.

SoFi and Delos Partner to Bring Delos’ Home Wellness Solutions to Homeowners

Delos and SoFi partnership will help drive accessibility of Delos’ health and wellness technology to homes across the U.S.

Fintech firms like SoFi and Robinhood offer “free” stock trading. What’s the catch?

Buying and selling securities is not free. So how do these brokers plan to make money?

Vanguard, SoFi Lead the Latest Charge to Cut Fund Fees

Giant Vanguard cuts the price on its S&P 500 index fund, while start-up SoFi aims to launch two ETFs that effectively would cost buyers zero.

SoFi to launch cryptocurrency trading in partnership with Coinbase

The online lending start-up SoFi will launch cryptocurrency trading in the second quarter of 2019 through a partnership with Coinbase.

SoFi Announces Availability of SoFi Money™ and Invest Products to Help You Get Your Money Right™

SoFi today announced the general availability to the public of two new products, SoFi Money and SoFi Invest, that...

FTC finalizes settlement with student loan refinancer SoFi over deceptive advertising

The FTC announced this morning it has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around SoFi’s deceptive advertising practices. Last October, the FTC issued a complaint stating that SoFi had been misrepresenting how much money stu…

SoFi plans new lending products and move into stock trading

The company's expansion into new business lines could help offset recent declines in loan volume.

SoFi plans to offer new lending products and move into stock trading

Social Finance Inc. plans to expand the types of loans it offers and broaden its products allowing customers to trade stocks and exchange-traded funds on its platform this year, according to a letter sent to investors.

KBRA Assigns Preliminary Ratings to SoFi Consumer Loan Program 2019-1 Trust

Kroll Bond Rating Agency assigns preliminary ratings to four classes of notes issued by SoFi Consumer Loan Program 2019-1.

The 11 Biggest Fintech Companies In America 2019

In 2018, U.S. fintechs raised $12.4 billion in funding, or 43% more than 2017, reports CB Insights. And valuations for fintech startups continued to bulge.

Fintech Companies Link Up to Fight Fraud — Using Blockchain

A group of 16 fintech companies are forming a consortium with start-up Spring Labs to build a way to solve problems related to ID verification and fraud using data. Their outcome could be seen as a bellwether for the viability of institutionalized blockchain in finance.

SoFi Offering Bank Like Services, But it is Still Not a Bank

The definition of traditional banking continues to crumble as SoFi continues to extend invitations to their new bank-like service. Finally, I have received an email saying the wait is over.

Government Shutdown: These Lenders Are Offering Personal Loan Relief To Affected Workers

Federal workers may be eligible for waived late fees or payment deferrals.