Tagged: mike cagney

SoFi CEO: Expect an IPO in Next 12 Months (Video)

SoFi (or Social Finance) CEO and co-founder Mike Cagney was featured on CNBC’s Disruptor 50 list.  Cagney visited the the network’s studios to talk about his fast growing marketplace lending platform and shared some insight into the companies near future. SoFi started out as a… Read More

SoFi CEO & Co-Founder Mike Cagney Dubbed LendIt 2015 Innovator of the Year

Mike Cagney, CEO and co-founder of SoFi, a leading marketplace lender, was named Innovator of the Year by LendIt, a conference series dedicated to connecting the global online lending community. Cagney was recognized for his innovative work redefining the mortgage experience including a first-of-its-kind mobile experience… Read More

SoFi Passes $2 Billion in Loans Funded

SoFi (Social Finance), a peer to peer lender that disrupted the student loan refinancing market, has announced passing the $2 billion funding milestone. SoFi announced that it had topped $1.3 billion in loans in December indicating $700 million in loans for Q1.  If the trajectory… Read More

SoFi May Get $3.5 Billion Valuation in IPO

Peer to peer lender SoFi (or Social Finance) may receive a $3.5 billion market valuation later this year in an initial public offering (IPO).  SoFi is a direct lender that got its start in the student loan refinancing sector but has since expanded its credit… Read More

Boom! SoFi Gets $200 Million Investment in Series D, Will Expand Into Consumer Lending

SoFi, a unique peer to peer lending platform, has announced a significant $200 million investment in a Series D funding round led by Third Point Ventures. Company valuation was not disclosed in the announcement. Goldman Sachs acted as sole placement agent for the funding round…. Read More

SoFi to Sell $314 Million in Securities Backed by Student Loans

SoFi, an innovative funding platform that has pushed aggressively to tackle the world of student loans, is preparing to offer $313,800,000 in asset backed notes.  The securities will be secured by private student loans. DBRS has assigned a provisional rating of AA to the Class… Read More

Lending Club IPO: A Watershed Moment for Peer to Peer Lending

  As far as the peer-to-peer or marketplace lending industry is concerned, 2014 ended with a bang and not a whimper as Lending Club, the leading online lender, completed its initial public offering. On December 10, 2014 the Lending Club offering went effective, and ultimately… Read More

SoFi Surpasses $1.3 Billion in Loans for Over 15,500 Borrowers

SoFi has had big year, according to co-founder and CEO Mike Cagney.  The funding platform is now the largest student loan refinancing company today.  Closing the year out, SoFI has facilitated more than $1.3 billion in loans for over 15,500 borrowers. The peer to peer… Read More

American Banker & Lending Club IPO Signal Peer to Peer Coming of Age

Last week’s American Banker P2P Lending and Investing Conference held in New York City (October 6-7) attracted over 375 bankers, investors, platforms and service providers. The sheer fact that a storied institution founded in 1863 and dedicated to the traditional banking industry facilitated such a… Read More

“In Nearly 8 Years Not a Single Borrower Has Defaulted on a SoFi Loan” (Video)

Kayla Tausche talks peer to peer lending and specifically the success of SoFi in a brief segment on CNBC.  The discussion was coordinated alongside SoFi’s announcement they were moving into the Mortgage market – thus expanding their offerings from refinancing student loans.  Kayla calls SoFi… Read More

SoFi Passes $1 Billion in Loans Funded; Adds Mortgages to Offerings While Preparing for IPO

Peer to Peer Lender Extends Product Line to Offer Mortgages. SoFi (or Social Finance), a leading peer to peer lending, has surpassed $1 billion in funded loans.  The site now claims to be the fastest P2P lender to reach this milestone. SoFi is the largest… Read More

Brief: Peer to Peer Lender SoFi Gets S&P Rating on Senior Portion of $270M Deal

According to multiple reports, peer-to-peer lender SoFi, a San Francisco startup, has received a landmark rating on the senior portion of a $270 million P2P deal. S&P and DBRS have assigned a single A rating according to the FT. Mike Cagney, CEO of SoFi was… Read More

SoFi Has Surpassed Half Billion in Student Loan Refinancing

Social Finance, or SoFi, has refinanced more than half a billion dollars in student loans. The peer to peer lender has grown by nearly 800% to more than 550 universities. “We’re making a significant impact on the student debt burden,” said Mike Cagney, CEO of… Read More

Send this to a friend