SoFi

SoFi’s CEO wishes the US had less student loan debt

SoFi was founded on the business of helping high-earning graduates refinance their student loans. But perhaps ironically, CEO Michael Cagney thinks today’s record amount of student loan debt is

SoFi gets into wealth management

SoFi wants to be at the center of its members' financial lives, and believes the best way to do so is to provide new products that complement its existing portfolio of student loan, mortgage and other

SoFi plans to apply for a bank charter in the next month

With an eye on providing banking services later this year, online lending startup SoFi is planning to apply for an industrial bank charter in the next month, according to CEO Mike Cagney. If approved,

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

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 finan

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 combi

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 sav

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 incom

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 Fun

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

A year ago, privately held online lenders like <a target="_blank" href="https://www.prosper.com">Prosper</a>, <a target="_blank" href="https://www.sofi.com/">SoFi</a> and <a target="_blank" href="htt

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 asse

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 a

How SoFi can ruin fintech for everyone

I’m going to start by saying I’m actually a huge fan of SoFi. I think they have a great product, they’ve built an incredible business and their growth in a regulated and complex industry is i

Our 2016 Predictions For The IPO Market

2015 was not a good year for IPOs — it was actually the worst year for tech IPOs since the financial crisis in 2009. More and more startups are opting to remain private for longer periods of time. A

PieSync, The Belgium Startup That Syncs Contacts Across Cloud Apps, Raises $1.6M

Riding the coattails of a 'small pieces, loosely joined' approach to the enterprise, Belgium startup <a target="_blank" href="http://www.piesync.com">PieSync</a> offers a platform that connects a plet

Online Lender SoFi Seems To Push Back IPO Plans, Raising $1 Billion

Back in May, Mike Cagney, the CEO of online lender Social Finance, told CNBC’s “Squawk Box” that his company was “profitable and as any private company we want to be opportun

CommonBond Attracts Another $35 Million For Its College Lending Marketplace

New York-based lending marketplace, CommonBond, has managed to attract a more modest -- but still significant -- $35 million in fresh financing for its own expansion plans.

Millennials Are Destroying Banks, And It’s The Banks’ Fault

Millennials are rejecting home ownership across the land. Millennials aren’t buying crap anymore, destroying businesses that, well, sell crap. Millennials are changing the workplace to be, I kid you

SoFi Closes On $80 Million To Expand Its Lending Business

Confirming our earlier reporting, the peer-to-peer lender Social Finance said it closed on $80 million in fresh funding, as it looks to expand its lending operations to mortgages and personal loans.

SoFi Raising New Cash To Help Ease Students’ $1 Trillion Debt Burden

Student lending service Social Finance is close to securing a new round of as much as $75 million, according to two investors familiar with the company's plans. The San Francisco-based company is o
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