SoFi

Equity transcribed: Is the tech press too positive in its coverage of startups?

Welcome back the latest transcribed edition of Equity, the TechCrunch podcast that takes a closer look at the startup headlines from the week. Kate Clark and Alex Wilhelm kick this week off by discuss

Startups Weekly: Will the real unicorns please stand up?

In this week's newsletter: CrowdStrike readies its IPO, Brex eyes a $2B valuation and SoFi lands a whopping $500M.

Is the tech press too positive in its coverage of startups?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Online lender SoFi has quietly raised $500 million in funding, led by Qatar

Usually when it comes to big sums of funding, companies like to boast. Online lending startup Social Finance, better known as SoFi, took another tack this morning, quietly announcing in a press releas

Part fund, part accelerator, Contrary Capital invests in student entrepreneurs

Contrary Capital is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropouts.

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

SoFi founder Mike Cagney’s new company, Figure, just raised another $65 million

Figure, a 13-month-old, San Francisco-based company that says it uses blockchain technology to provide home equity loans online in as little as five days, has raised a whole lot of money in not a lot

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. Las

SoFi founder Mike Cagney is back with a new startup and $50 million in funding

Mike Cagney, who was ousted last summer from the lending company he founded, is back with a new startup and a whole lot of funding from at least one of his previous investors. According to a new repor

MIT’s soft robotic fish is studying real ones in Fiji

MIT CSAIL just revealed footage of SoFi, the lab’s robotic fish, which looks right at home swimming amongst the coral reefs of Fiji. The project is an attempt to create an autonomous underwater veh

Twitter COO Anthony Noto resigns to become SoFi CEO

Twitter COO Anthony Noto has left the company, Twitter announced Tuesday. Noto’s leaving because he accepted a CEO role elsewhere, according to the release. Just last week, the WSJ reported that

SoFi held acquisition talks with Charles Schwab

SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. The M&A talks 

Robert Scoble has allegedly continued to sexually harass women after going sober

Venture capitalists Dave McClure, Jason Caldbeck and Chris Sacca, SoFi CEO Mike Cagney and a top Uber engineer have all been accused of sexual impropriety in the last six months as a growing number o

Online lender Earnest sells to Navient, in a disappointing deal for investors

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to repor

Equity podcast: SoFi loses its CEO, big rounds for unicorns, and will this VC buy the iPhone X?

Hello and welcome back to Equity, TechCrunch’s venture-capital themed podcast that we are bringing live to Disrupt SF next Wednesday. All the cool kids will be there to chat numbers and heckle.

SoFi responds to sexual harassment and wage lawsuits

Last month a SoFi senior operations manager filed a lawsuit saying he was wrongfully terminated for reporting sexual harassment, as well as for outing managers who he claims improperly recorded loans.

SoFi loses another senior executive, as chief revenue officer Michael Tannenbaum departs

Online finance startup SoFi has lost yet another senior executive, TechCrunch has learned. Chief revenue officer Michael Tannenbaum is the latest exec to leave, following a string of departures in the

Six months after acquisition, SoFi is shutting down Zenbanx

Online lending company SoFi is closing down Zenbanx, the online banking provider it bought earlier this year. In an email sent to Zenbanx customers, the company announced that it will close all accoun

SoFi has applied for a bank charter

In May, SoFi CEO Michael Cagney told TechCrunch the company would be applying for a bank charter "in the next month." Well, it's about a month later, and -- surprise! -- the company has actually done

SoFi co-founder Dan Macklin is leaving the company

Another one of the co-founders of online lending startup SoFi is leaving the company, TechCrunch has learned. Dan Macklin, who served as VP of Community and Member Success at SoFi, has announced inter
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