SoFi

Contrary Capital wants to invest in the next big tech mafia

Contrary Capital, which has raised money from Tesla, Reddit, SoFi and Twitch, knows a thing or two about how to work with tech’s brightest mafias. Now it wants to invest in them, before anyone else.

SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities

Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. The terms of the deal were not

Fintech’s uneven new reality has helped some startups, harmed others

Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutti

Another major fintech exit as SoFi acquires banking and payments platform Galileo for $1.2B

The fintech wars continue to heat up with another major exit in the space. Consumer financial services platform SoFi announced today that it is acquiring payments and bank account infrastructure compa

SoFi founder Mike Cagney’s already well-funded new startup is raising another $100 million

Figure Technologies, a nearly two-year-old, San Francisco-based fintech cofounded by Mike Cagney, the founder of the more established fintech company SoFi, is raising a whole lot of money — agai

Where are US fintech’s next billion-dollar startups?

As fintech investments soar to new heights, investors are looking at the bottom and top levels of the services stack to find the next billion-dollar startups. That’s the word from seasoned inves

Launching out of YC, Blair is aiming to reshape the financing of college tuition

It’s generally agreed that higher education in the United States has gradually become more and more unaffordable. Students are dependent on external financial resources for which many of them do not

Embedded finance, or why fintech mega VC rounds have become so common

Another day, another monster fintech venture round. This morning, it was personalized banking app MoneyLion, which raised $100 million at a near unicorn valuation. Last week, it was N26, which raised

US mobile bank MoneyLion raises $100 million at ‘near unicorn’ valuation

There’s a new fintech startup in the U.S. that is inching closer to unicorn status. New York City-headquartered MoneyLion, which provides customers both financial advice and access to loans and othe

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
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