Tagged: sofi

SoFi Now Offering SoFi Money Members the Ability to Receive Direct-Deposit Paychecks Up to Two Days Earlier

  SoFi, one of the most successful fintechs in the U.S., recently announced that SoFi Money, its cash-management product, will now offer members the ability to receive their direct-deposit paychecks (or other eligible direct deposits) up to two days earlier than their regularly scheduled payday…. Read More

SoFi Expected to Trade on Nasdaq on June 1st in SPAC Merger

SoFi, a top US-based Fintech unicorn, is expected to trade on the Nasdaq on June 1st, according to a public statement. As was previously reported, SoFi decided to become a publicly listed firm in a SPAC merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp…. Read More

SoFi Teams Up With Online Learning Platform Coursera For “The Fundamentals of Personal Finance” Specialization

  SoFi, one of the most successful fintechs in the U.S., announced on Monday it has joined forces with online learning platform Coursera to launch The Fundamentals of Personal Finance Specialization. According to SoFi, the program consists of five courses to provide members with basic… Read More

SoFi Unveils Auto Loan Refinancing Options on Lantern

  SoFi, one of the most successful fintechs in the U.S., announced on Tuesday it has launched auto loan refinancing through its financial services product comparison platform, Lantern. SoFi reported it launched auto loan refinancing through its partnership with MotoRefi, an auto fintech startup on a… Read More

SoFi to Acquire Golden Pacific Bancorp, Gains Bank Charter to Boost Fintech Services

SoFi has signed a definitive agreement to acquire Golden Pacific Bancorp, Inc. (OTCPK: GPBI) a Sacramento, California-based community bank that is regulated by the Office of the Comptroller of the Currency (OCC). The bank reportedly holds approximately $150 million in assets so it was quite… Read More

SoFi Launches First Credit Card

SoFi, has launched its first credit card that is said to include a rewards structure designed to help consumers reach their financial goals,  including up to 2% unlimited cash back when applied to a SoFi Money® or SoFi Active Invest account or used to pay… Read More

Digital Commerce Boom Leads to India’s BharatPe Finalizing Massive Round, while Branded, Thrasio Close Major Rounds

Thrasio, a company that acquires and then aims to quickly grow third-party sellers on Amazon (NASDAQ: AMZN) has finalized $750 million in new funding, raising the firm’s valuation to around $3 billion to $4 billion. The investment round was led by current investors Advent and… Read More

Galileo Update: Galileo Instant Experiences Rapid Instant Growth Six Months Since Launch

    Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi) announced on Wednesday there has been significant growth and increased demand for its new product, Galileo Instant, in its first six months on the market. Galileo… Read More

Chinese Fintech Ant Group’s Business Restructuring May Impact its Revenue and Profit Growth, Could Force Firm to Raise More Capital

After facing increasing pressure from Chinese authorities, billionaire Jack Ma’s Fintech firm Ant Group is now focused on restructuring its business operations in order to serve as a financial holding company. The Ant Group has also been focused on positioning itself as an Internet-tech firm… Read More

SoFi to Go Public in $8.65 Billion SPAC Deal with Chamath Palihapitiya’s Social Capital

Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC According to a Tweet by Palihapitiya, his thesis is based on the challenges of incumbent banks and the benefits of Fintech… Read More

2021 Should See Some Big Fintech IPOs

2020 was a pretty good year for initial public offerings (IPOs). According to a tally put together by Renaissance Capital, 216 IPOs booked $78.1 billion during the year of COVID-19. Additionally, IPOs gained, on average, a whopping 75% – said to be the biggest post… Read More

Fintech SoFi Notes that Q4 2020 M&A + IPO Spike was Much Higher than 2008 Financial Crisis and Other Periods of Downturn

San Francisco-based SoFi, a financial services firm that helps people “get their money right—save, spend, borrow, and invest in one app,” has noted that 2020 was a year to remember. Industries were forced to adapt to changing consumer behavior, capital markets fluctuated wildly, and people… Read More

Fintech Unicorn SoFi Discusses how Longest Bull Market in History Ended in 2020 in its End of Year Update

Fintech Unicorn SoFi notes in its end of year review that we just experienced the “longest bull market run in history.” The SoFi team states that 2020 has been quite a memorable year. During these unprecedented times, due to the COVID-19 outbreak, industries have been… Read More

Bitcoin (BTC) Investment Thesis Matured in 2020 due to COVID-19 which led to “Unprecedented” Macro Policy: Report

Kinjal Shah, a Senior Associate at San Francisco-based Blockchain Capital LLC, a VC and private equity firm that’s focused on the blockchain or distributed ledger technology (DLT) sector, notes that research shows that only around 34% of Americans still have a “fair amount of trust”… Read More

Silicon Valley Bank Enters Into Multi-Million Risk Retention Financing Agreement With SoFi

Silicon Valley Bank (SVB) announced on Thursday it has entered into a multi-million risk retention financing agreement with fintech unicorn SoFi. According to SVB, the agreement provides financing to be used for SoFi’s risk retention bonds as part of their asset-backed securities (ABS) issuance requirements. SVB… Read More

SoFi Launches Credit Card to Help Users Pay Down Their Debt

SoFi, one of the most successful fintechs in the U.S., announced on Wednesday it has launched its first-ever credit card. According to SoFi, the credit card incentivizes healthy financial habits and delivers on its mission to help people get their money right. The card, which… Read More

SoFi Launches Social Trading & Investing Features Within SoFi Invest

SoFi, one of the most successful Fintechs in the U.S., announced on Wednesday the launch of its social trading and investing features within SoFi Invest. The new features include the ability to follow friends, family, and other SoFi members on their investing journeys, all within… Read More

SoFi Teams Up With T. Rowe Price Retirement Plan Services For Financial Wellness Offerings

SoFi, one of the most successful Fintechs in the U.S., announced earlier this week it has joined forces with T. Rowe Price Retirement Plan Services for new financial wellness offerings. The duo noted that these offerings are a comprehensive suite of financial wellness resources, including… Read More

SoFi Uploads $19 Billion of Loan Data to dv01

dv01, a data platform for online lending, has received a significant boost as SoFi is uploading $19 billion worth of  SoFi student loan securitization to the platform. According to a note from the company, the new partnership is a “big step forward” regarding lending transparency… Read More

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