SoFi

About

SoFi is a finance company that offers a range of lending and wealth management services.

San Francisco,California,United States
1001 - 5000
http://www.sofi.com

Highlights

Details

Last Funding Type: Series F
Last Funding Money Raised: $500M
Industries: Financial Services,FinTech,Life Insurance,Wealth Management
Founded date: Aug 1, 2011
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nasdaq:SOFI
Legal Name: Social Finance, Inc.
Also Known As: Social Finance
Investor Type: Entrepreneur Program

SoFi is a finance company that offers a range of lending and wealth management services. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and more. They create modern financial products and services that help people borrow, save, spend, invest, and protect their money better so that they can achieve financial independence and realize their ambitions from owning a home to saving for retirement, paying off their student loans, and more.

It was founded in 2011 and is headquartered in San Francisco, California.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

20

$5.37B

SoFi has raised a total of $5.37B in funding over 2 rounds. Their latest funding was raised on Jun 1, 2021 from a IPO round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 1, 2021	IPO	$2.40B	—	—	—	Detail
Jan 7, 2021	Series Unknown	$369.84M	—	—	—	Detail
Dec 25, 2020	Secondary Market	—	2	—	—	Detail
Sep 20, 2019	Secondary Market	—	—	—	—	Detail
Sep 1, 2019	Series Unknown	—	2	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

8

1

SoFi has made 8 investments. Their most recent investment was on Apr 13, 2021, when Wage raised $5M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 13, 2021 Wage	Seed	$5M	Developer APIs	—
Jul 27, 2020 Indigo Diabetes	Series B	€38M	Diabetes	—
Jun 6, 2019 Partake Foods	Seed	$1M	E-Commerce	—
Feb 13, 2018 BlockFi	Seed	$1.55M	Bitcoin	—
Jan 21, 2016 PieSync	Series Unknown	$1.60M	Apps	Yes

Investors

Number of Lead Investors

Number of Investors

9

43

SoFi is funded by 43 investors. Qatar Investment Authority and Silver Lake are the most recent investors.

Investor Name	Lead Investor	Funding Round
Qatar Investment Authority	Yes	Series Unknown
Silver Lake	Yes	Series F
Discovery Capital	Yes	Series C
East West Bank	Yes	Debt Financing
The Bancorp	Yes	Debt Financing
Morgan Stanley	Yes	Debt Financing
Asas Capital	—	Secondary Market
HOF Capital	—	Secondary Market
Bracket Capital	—	Series Unknown
Jihan Bowes-Little	—	Series Unknown

Employee Profiles

Number of Employee Profiles

48

SoFi has 48 current employee profiles, including Employee John Dietz

Employee

Executive

Executive

Executive

Employee

Exits

SoFi has had 4 exits. SoFi most notable exits include Biotalys , PieSync

Date	Company Name	Exit Type	Industry
Jul 2, 2021	Biotalys	IPO	Agriculture	Detail
Nov 4, 2019	PieSync	M&A	Apps	Detail
Oct 31, 2018	Porphyrio	M&A	Computer	Detail
Oct 11, 2018	CoScale	M&A	Enterprise Software	Detail

Acquisition

SoFi has acquired 6 organizations. Their most recent acquisition was Zenbanx on Feb 1, 2017. They acquired Zenbanx for $100M.

Date Company Name	Industry	Acquisition Type	Price
Feb 1, 2017 Zenbanx	Banking	acquisition	$ 100M	Detail
Apr 1, 2019 Lantern Credit	Credit	—	—	Detail
Apr 7, 2020 Galileo Financial Technologies	Banking	acquisition	$ 1.20B	Detail
Apr 21, 2020 8 Securities	Financial Services	acquisition	—	Detail
Mar 9, 2021 Golden Pacific Bancorp	Banking	acquisition	$ 22.30M	Detail