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General Information

Websitesofi.com
Twitter@sofi
CategoryEducation
Phone866.357.6342
Emailinfo@sofi.com
Employees40
Founded4/11
DescriptionCommunity Based Financial Services

Offices

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

People

Co-Founder
Co-Founder & VP of Product
Co-Founder & VP of Operations
Co-Founder & VP of Business Development
Co-Founder
Chief Financial Officer
VP of Sales
Board of Directors
Show All People

Funding

TOTAL $77.2M
FUNDING TOTAL $77.2M
Series B, 9/12
Baseline Ventures
Renren
DCM
$77.2M
DEBT TOTAL $41M
Debt, 6/13
$41M

Tags

SoFi (Social Finance)

The $1 trillion US student loan market is broken. SoFi is using the power of social communities to transform the industry. SoFi connects students and alumni through a dedicated lending fund. Alumni earn a compelling double bottom line return, students receive a lower loan rate than their private or Federal options, and both sides benefit from the connections formed. Schools access a new, stable, low cost funding source that doesn’t cannibalize giving while building accountability to their students and alumni.

SoFi was started 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 moved toward becoming a national lender via state registration, created a broker dealer, expanded its product set to include both in-school and consolidation loans, raised significant capital to fund loans and expanded its presence to 78 schools nationwide. 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.

Recent Milestones

Videos

Screenshots

Sources

  1. Social Finance Lands $77M From Baseline, Renren To Help Solve The Student Debt Crisis (techcrunch.com) [edit]
  2. Sofi secured a $41 million lending facility from The Bancorp (finsmes.com) [edit]
  3. Social Finance Lands $77M From Baseline, Renren To Help Solve The Student Debt Crisis (techcrunch.com) [edit]
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Last Edited 6/10/13

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