SoFi

  • What do you want to ask SoFi CEO Mike Cagney at Disrupt NY?

    What do you want to ask SoFi CEO Mike Cagney at Disrupt NY?

    Have you ever wanted to know what makes a fintech startup tick, but didn’t have the chance, or the right person, to ask? Well, we’ve got you covered: Mike Cagney, the co-founder and CEO of one of the hottest fintech businesses around, is coming to Disrupt in New York for a fireside chat, and we want to hear what you’d like to know. More on that below. But first, allow me to… Read More

  • SoFi confirms $500 million in new funding as it pushes beyond lending

    SoFi confirms $500 million in new funding as it pushes beyond lending

    Online finance startup SoFi got its start refinancing student loans but gradually has been adding other services to members. To expand into new regions and move closer to becoming a full-service financial services company, SoFi has confirmed that it raised an additional $500 million in equity financing led by Silver Lake. Read More

  • SoFi buys Zenbanx to offer banking and money transfer services to its users

    SoFi buys Zenbanx to offer banking and money transfer services to its users

    Online lending firm SoFi announced today that it has acquired Zenbanx, a startup that offers banking, debit, payments and money transfer services to users online and through a mobile app. The combination of the two will allow SoFi to move deeper into the financial lives of its customers. While today it focuses on student-loan refinancing, mortgages and personal loans, integrating Zenbanx… Read More

  • CollegeBacker publicly launches its college savings account advisory service

    CollegeBacker publicly launches its college savings account advisory service

    Paying for college sucks. And, unfortunately, college is getting more expensive just as having that degree is only increasing in importance as one of the keys to the kingdom of American success. I saved for college for years, working part-time jobs over several summers to help pay for the cost of my fancy liberal arts school degree (ask me about my job as a crawfish packer in Baton… Read More

  • How startups are trying to fix consumer debt Crunch Network

    How startups are trying to fix consumer debt

    Consumer debt remains one of the biggest challenges with the American economy. The average household has $130,922 in debt, and debt interest payments represent 9 percent of the average household income. The silver lining is that with tough problems comes the opportunity for tech companies and investors to build solutions to address them. Here are some of the startups helping us get out of debt. Read More

  • The mercurial nature of P2P lending Crunch Network

    The mercurial nature of P2P lending

    The meteoric rise of e-lending platforms attracted a lot of interest among investors and entrepreneurs. Lending Club and OnDeck have already become public companies, and their competitors, such as Funding Circle, SoFi, Prosper, RateSetter, Zopa, Avant, Kabbage and others continue to develop and increase their loan portfolios. Read More

  • For online lenders, it’s suddenly touch-and-go

    For online lenders, it’s suddenly touch-and-go

    A year ago, privately held online lenders like Prosper, SoFi and Avant looked all but certain to go public at the same unicorn valuations their venture investors had assigned them — if not higher. They were seemingly reshaping the student, consumer and small business lending business. The market they’re chasing is enormous: The U.S. consumer lending market is a $3.5… Read More

  • Why startups can’t disrupt the mortgage industry Crunch Network

    Why startups can’t disrupt the mortgage industry

    Home loans are the Holy Grail of online lending. They come with high loan balances, steady returns and hefty fees. There also is a healthy liquid market for the securitized loans, and the debt is asset backed, which reduces risk and opens up the investor pool. On top of that, “establishment” mortgage lenders are not leading the pack with innovation, which means there is a lot of… Read More

  • Climb Credit looks to transform student lending with a new business model based on graduate success

    Climb Credit looks to transform student lending with a new business model based on graduate success

    The U.S. is facing a crisis in higher education. Once the ticket to the middle class life at the center of the fabled “American Dream”, the college and university experience is now under attack from all sides. Education has become pricier, while graduates are less prepared for jobs in either the white collar or blue collar workforce. Read More