Social Finance news and trends

SoFi Loses Three Top Execs
Personnel // June 05, 2019

Social Finance, the online lender that goes by SoFi, was dealt another blow after three top executives said they are gearing up to leave the company. The Wall Street Journal reported that Marketing Chief Joanne Bradford, Head of Risk Kevin Moss and Ashish Jain, the...

SoFi Raises $500M, Valuation Remains $4.3B
Investments // May 29, 2019

Social Finance (SoFi), a personal finance company, has raised half a billion dollars in a funding round led by Qatar, according to a report by CNBC. The company said it will use the capital to invest in growth and add some muscle to its $2.3...

London FinTech Raises $4M For ‘Social’ Bank
Innovation // December 17, 2018

A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports. The funds are just the ambitious company’s beginning steps toward its goal of becoming a wholly licensed bank — one that completely...

Loan Performance Weighs On SoFi’s Q4
Earnings // February 12, 2018

Social Finance (SoFi), the FinTech lending company, said late last week that customers are missing their loan payments at a rate that wasn’t expected. According to a report in The Wall Street Journal, the private company said it failed to meet its own internal projections...

Quick Reads
Report: Digital Lender SoFi Eyes IPO Via SPAC

December 07, 2020
Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto‘s aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. Last year, Noto had said going public […]

SoFi Loses Three Top Execs

June 05, 2019
Social Finance, the online lender that goes by SoFi, was dealt another blow after three top executives said they are gearing up to leave the company. The Wall Street Journal...

SoFi Raises $500M, Valuation Remains $4.3B

May 29, 2019
Social Finance (SoFi), a personal finance company, has raised half a billion dollars in a funding round led by Qatar, according to a report by CNBC. The company said it...

London FinTech Raises $4M For ‘Social’ Bank

December 17, 2018
A financial technology company called B-Social has raised £3.2 million ($4 million) in funding from undisclosed but high net-worth entities, according to reports. The funds are just the ambitious company’s...