SoFi has raised a total of $2.5B in funding to date. SoFi was valued at a whooping $4.3B, during it's latest "Private Equity Round" funding of a $500M from Qatar Investment Authority on May 29, 2019. SoFi is backed by top tier investors including SoftBank, Qatar Investment Authority, Silver Lake Partners, Third Point Ventures, Baseline Ventures, Morgan Stanley, Wellington Management, & DCM Ventures and many others.
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SoFi uses an underwriting model that examines free cash flow, professional history and education in addition to a history of responsible bill payment to evaluate its borrowers.
The company sought to minimize defaults by focusing on low-risk students and graduates. This was not a pre-arranged trade, as there was no mention of a 10b5-1 trading plan. He was Chief Financial Officer at Twitter and co-head of Global Telecommunications, Media and Technology (TMT) Investment. SoFi originally utilized an alumni-funded lending model that connected students and recent graduates with alumni and institutional investors via school specific student loan funds. Investors received a financial return and borrowers received rates lower than the federal government offered. We sat down with Anthony Noto, CEO of SoFi, and Clay Wilkes, CEO of Galileo, to discuss their most recent transaction in which SoFi acquired Galileo for the. CEO Anthony Noto Buys SOFI Stock On May 13, Noto purchased 39,000 shares at an average price of 6.50 per share. SoFi was founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady, four students who met at the Stanford Graduate School of Business.The company is headquartered in San Francisco, CA with offices in 6 other locations across USA. SoFi offers personal loans with some of the lowest interest rates in the market. Social Finance, Inc (SoFi) is an online personal finance company that provides student loan refinancing, mortgages and personal loans.