SoFi May Get $3.5 Billion Valuation in IPO
Peer to peer lender SoFi (or Social Finance) may receive a $3.5 billion market valuation later this year in an initial public offering (IPO). SoFi is a direct lender that got its start in the student...
View ArticleSoFi: Excessive Student Debt Hinders Aspiring Entrepreneurs
Peer to peer lending platform SoFi recently published a statement on the challenges of young entrepreneurs. We all know that making the decision to become an entrepreneur is an arduous task. Long...
View ArticleSoFi Passes $2 Billion in Loans Funded
SoFi (Social Finance), a peer to peer lender that disrupted the student loan refinancing market, has announced passing the $2 billion funding milestone. SoFi announced that it had topped $1.3 billion...
View ArticleAssetAvenue Raises $11 Million in Series A; Real Estate Platform Poised For...
AssetAvenue, a debt based real estate crowdfunding platform, has raised $11 million in a Series A funding round led by DCM Ventures. Founded in 2013, this significant funding will dramatically boost...
View ArticleOrchard: Best Practices to Investing in Marketplace Lending
Orchard, the nexus of institutional investors into the marketplace, or peer to peer lending space, has published a list of best practices to invest in this new asset class. The early days of P2P was...
View ArticleSoFi CEO & Co-Founder Mike Cagney Dubbed LendIt 2015 Innovator of the Year
Mike Cagney, CEO and co-founder of SoFi, a leading marketplace lender, was named Innovator of the Year by LendIt, a conference series dedicated to connecting the global online lending community. Cagney...
View ArticleThe Orchard Marketplace Lending Universe Expands
Orchard describes its beginning as a small circle of friends, driven by the same interests, with a desire to make a difference in the alternative lending space. But what was once a bit of a hobby is...
View ArticleSoFi CEO: Expect an IPO in Next 12 Months (Video)
SoFi (or Social Finance) CEO and co-founder Mike Cagney was featured on CNBC’s Disruptor 50 list. Cagney visited the the network’s studios to talk about his fast growing marketplace lending platform...
View ArticleSoFi to Issue $411 Million in Bonds. Moody’s Rates from Aa2 to Baa3
SoFi received provisional ratings from Moody’s on over $411 million in post graduate loan backed notes on Monday. The notes were rated from Baa3 to Aa3 – the highest rating received to date according...
View ArticleSoFi Completes $411.9 Million Securitization. Largest to Date
Largest and Highest Rated Marketplace Securitization to Date Brings Total Issuance In Excess of $1.55 Billion SoFi, a young marketplace lending platform, has closed a $411.9 million securitization of...
View ArticleGoldman Sachs to Become a Direct Lender. What Does this Mean for the P2P...
The New York Times Dealbook section published an article yesterday about Goldman Sachs entering the peer to peer, or marketplace lending space. This was really old news as Quartz had covered it soon...
View ArticleSoFi: We Will Do $1 Billion in Securitization in Q3
SoFi, a four year old direct lender that is dominating the student loan refinance space, has stated it expects to do over $1 billion in securitization in Q3 alone. SoFi has completed 5 previous...
View ArticleSoFi is the Fastest Growing Marketplace Lender
Sofi, a marketplace lending platform, has been on a roll lately. The direct lending platform closed a new securitization of $411 million, all backed by student loans. This was the largest...
View ArticleMillennium Trust Sees Big Opportunity in New Finance as Company Growth is...
Millennium Trust is a large IRA custodian you probably have never heard of unless you are in a similar business or a client of the firm. Headquartered in Chicago, Millennium Trust operates nationally...
View ArticleMarketplace Lender SoFi Earns AAA DBRS Rating; Prices $417.6M Securitization...
SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA”...
View ArticleFinTech Investor Renren Endures Period of Turmoil as it Attempts to Go Private
Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil. On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai,...
View ArticlePinterest’s Joanne Bradford Joins Marketplace Lender SoFi as Chief Operating...
SoFi, the second largest marketplace lender, announced on Monday that Joanne Bradford has joined the firm as Chief Operating Officer. Bradford was most recently head of partnerships at Pinterest. She...
View ArticleAccording to this Report, SoFI’s Valuation Places it in the Top-30 U.S. Banks...
SoFi, or Social Finance, is a marketplace lending platform that uses data to provide loans to refinance student debt. The direct lender has had an enviable degree of success in generating solid risk...
View ArticleUSI Affinity Forms Partnership With Marketplace Lender SoFi to Help Lawyers...
Insurance Provider, USI Affinity, announced on Thursday that is has formed a partnership with marketplace lending, SoFi, to offer members of the Pennsylvania Bar Association (PBA) the opportunity to...
View ArticleSoFi Surpasses $4 Billion in Funded Loans; Adds Former SEC Chairman Arthur...
SoFi, the second largest marketplace lender, today announced Arthur Levitt, the longest-serving chairman of the US Securities and Exchange Commission (SEC), will become an advisor. Levitt served at...
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