|Description||Innovative Financial Services Marketplac|
|Series A, 9/2011 |
|Series A, 3/2012 ||$4M|
|Series B, 9/2012 |
|Debt, 3/2013 ||$60M|
|Debt, 6/2013 ||$41M|
|Debt, 7/2013 ||$200M|
|Debt, 8/2013 ||$50M|
|Debt, 9/2013 ||$50M|
SoFi is an innovative marketplace that connects alumni borrowers and investors for refinancing private and federal student loans. Investors get market returns, while borrowers get lower interest rates. Benefits like events, career advising, seed funding and professional mentorship deliver value beyond a traditional bank.
SoFi was founded by a team of Stanford Graduate School of Business (GSB) students in the Fall of 2011. SoFi’s inaugural loan program was a $2MM pilot at the GSB that Fall. Since then, SoFi has funded over $300 million in loans to students and alumni from over 100 schools. SoFi is located in the Presidio in San Francisco, and is backed by a group of leading angel and institutional investors, including Baseline Ventures and Joe Chen, CEO of Renren.
SoFi Student Loan RefinancingAdded: 12/24/13