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General Information

Offices

Headquarters
One Letterman Drive, Building C
Main Floor, Suite 250
San Francisco, CA, 94129
USA

People

CEO & Co-Founder
Co-Founder & VP of Operations
Co-Founder & VP of Corporate Programs
Board of Directors
Board of Directors
Board of Directors
Advisor
Advisor
Show All People

Funding

TOTAL $161M
FUNDING TOTAL $161M
Series A, 9/2011
Innovation Endeavors
Baseline Ventures
$4M
Series A, 3/2012
$4M
Series B, 9/2012
Baseline Ventures
Renren Inc.
DCM
$77.2M
Series C, 4/2014
Discovery Capital
Wicklow Capital
Peter Thiel
Baseline Ventures
Renren Inc.
DCM
$80M
DEBT TOTAL $41M
Debt, 3/2013
$60M
Debt, 6/2013
$41M
Debt, 7/2013
$200M
Debt, 8/2013
$50M
Debt, 9/2013
$50M

Tags

SoFi

SoFi is a leading peer-to-peer lender focused on transforming financial services currently addressing the flawed student loan market. SoFi’s affinity-based marketplace connects high-quality alumni borrowers and investors directly, benefitting them both by bypassing the banks.

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 $450 million in loans. SoFi is located in the Presidio in San Francisco, and is backed by a group of leading angel and institutional investors, including Baseline Ventures, Peter Thiel, and Joe Chen, CEO of Renren.

Recent Milestones

  • Dollar
    SoFi received $80M in Series C funding. (4/3/14)
    Posted 4/3/14 at 3:50am via techcrunch.com
  • Check
    SoFi added S.P. ”Wije” Wijegoonaratna as Board of Directors. (4/1/14)
    Posted 4/3/14 at 9:43am
  • Check
    SoFi added Peter Thiel as Advisor. (4/1/14)
    Posted 4/3/14 at 9:41am
  • Check
    SoFi — SoFi completes first rated securitization of a peer-to-peer lender with $152MM in Senior Notes. (12/27/13)
    Posted 1/12/14 at 12:08pm via lendacademy.com
  • Check
    SoFi — SoFi Reaches $500 Million in Capital Raised to Fund and Refinance Student Loans (10/2/13)
    Posted 10/2/13 at 8:25pm via sofi.com
  • Dollar
    SoFi received $50M in Debt funding. (9/20/13)
    Posted 9/20/13 at 1:00pm
  • Dollar
    SoFi received $50M in Debt funding. (8/7/13)
    Posted 9/20/13 at 10:00am via abladvisor.com
  • Check
    SoFi — SoFi receives $50M in Debt funding (8/7/13)
    Posted 9/20/13 at 9:55am via abladvisor.com
  • Dollar
    SoFi received $200M in Debt funding. (7/25/13)
    Posted 9/20/13 at 11:48am
  • Dollar
    SoFi received $41M in Debt funding. (6/10/13)
    Posted 6/10/13 at 8:36pm via finsmes.com
  • Dollar
    SoFi received $60M in Debt funding. (3/26/13)
    Posted 9/20/13 at 9:59am via americanbanker.com
  • Check
    SoFi — SoFi Receives $60M in Debt Funding from Morgan Stanley (3/26/13)
    Posted 9/20/13 at 9:41am via americanbanker.com
  • Check
    SoFi added Mike Spence as Board of Directors. (11/1/12)
    Posted 7/9/13 at 1:28pm
  • Dollar
    SoFi received $77.2M in Series B funding. (9/12/12)
    Posted 9/12/12 at 12:23pm via techcrunch.com
  • Check
    SoFi — SoFi receives $77.2M in Venture funding (9/12/12)
    Posted 9/12/12 at 12:21pm via techcrunch.com
  • Dollar
    SoFi received $4M in Series A funding. (3/15/12)
    Posted 9/22/13 at 9:34pm

Videos

Above:

SoFi Student Loan Refinancing

Added: 12/24/13

Screenshots

SoFi screenshot
Above: SoFi Homepage
Uploaded: 9/20/13
SoFi screenshot SoFi screenshot SoFi screenshot

Sources

  1. Citation Needed [add]
  2. Citation Needed [add]
  3. Social Finance Lands $77M From Baseline, Renren To Help Solve The Student Debt Crisis (techcrunch.com) [edit]
  4. SoFi Gets $60M in Loan Funding from Morgan Stanley (americanbanker.com) [edit]
  5. Sofi secured a $41 million lending facility from The Bancorp (finsmes.com) [edit]
  6. Citation Needed [add]
  7. SoFi Closes $50MM Warehouse Facility With East West Bank (abladvisor.com) [edit]
  8. Community Capital To Date [edit]
  9. SoFi Closes On $80 Million To Expand Its Lending Business (techcrunch.com) [edit]
  10. Social Finance Lands $77M From Baseline, Renren To Help Solve The Student Debt Crisis (techcrunch.com) [edit]
    SoFi Gets $60M in Loan Funding from Morgan Stanley (americanbanker.com) [edit]
    SoFi Closes $50MM Warehouse Facility With East West Bank (abladvisor.com) [edit]
    SoFi Reaches $500 Million in Capital Raised to Fund and Refinance Student Loans (sofi.com) [edit]
    Why SoFi's Securitization is a Big Deal (lendacademy.com) [edit]
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Last Edited 4/4/14

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