SoFi is a financial technology company that offers a comprehensive suite of financial services, including saving, spending, earning, borrowing, investing, and protecting money, all through a single app. Founded in 2011 and headquartered in the United States, the company is driven by a mission to assist members in achieving financial stability and independence.
The company's diverse range of modern financial products and services aims to empower individuals to manage their finances more effectively, covering areas such as borrowing, saving, spending, and investing. This approach aligns with SoFi's commitment to aiding individuals in realizing their financial aspirations, whether it involves homeownership, retirement savings, student loan repayment, or other ambitions.
SoFi has garnered significant attention from investors, evident from its recent $750.00M post-IPO debt investment in March 2024. This substantial investment reflects the confidence and interest of the market in SoFi's innovative financial solutions.
With a focus on values and member-centricity, SoFi stands out in the financial services, fintech, wealth management, and life insurance industries. The company's commitment to its members' financial wellbeing, coupled with its recent large-scale investment, underscores its potential for continued growth and impact in the financial technology sector.
It is also worth noting that SoFi operates under various regulatory entities, including SoFi Bank, N.A. (member FDIC) and SoFi Securities LLC (member FINRA/SIPC), demonstrating a commitment to compliance and credibility in its operations.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Debt | $750.00M | - | 05 Mar 2024 | |
Post-IPO Equity | $1.20B | 8 | Social Capital Hedosophia | 01 Jun 2021 |
Venture Round | $369.84M | - | 07 Jan 2021 | |
Secondary Market | Unknown | 3 | Employee Stock Option Fund | 25 Dec 2020 |
Venture Round | Unknown | 2 | Jihan Bowes-Little | 01 Sep 2019 |