SoFi

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

P2P Lending & Education: CommonBond Launches With $3.5M, Joining SoFi In Quest To Solve The Student Debt Crisis

Piggy-backing on the <a href="https://beta.techcrunch.com/2012/09/11/social-finance-77m-series-b/">recent launch (and massive funding) of SoFi</a>, a new startup is launching today that wants to breat

Social Finance Lands $77M From Baseline, Renren To Help Solve The Student Debt Crisis

Student debt is a very serious problem that can no longer be ignored. Recently, <a target="_blank" href="http://www.cbsnews.com/8301-504343_162-57409131/could-$1t-student-loan-debt-derail-u.s-recovery