/Companies

SoFi

NASDAQ: SOFIalso invests · investor profile

Public · 54 known investors

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SoFi Technologies is a digital personal-finance company offering student and personal loans, mortgages, investing, banking and credit cards through one app; it went public on the Nasdaq in 2021 via SPAC.

Also known as Social Finance, Inc. · SOFI · SoFi Technologies, Inc.

Founders & leadership

ANAnthony Noto
Anthony NotoFounderAnthony Noto was Chief Operating Officer and Chief Financial Officer at Twitter, and previously held senior investment banking and equity research roles at Goldman Sachs covering technology and media sectors, as well as serving as Chief Financial Officer of the National Football League.
CL
Christopher LapointeChief Financial Officer
APArun Pinto
Arun PintoChief Risk Officer
JRJeremy Rishel
Jeremy RishelChief Technology Officer
DM
Dan MacklinFounder
IB
Ian BradyFounder
JF
James FinniganFounder
MC
Mike CagneyFounder

Investors · 54

Also in the syndicate · 8

Discovery Capital ManagementleadRenrenRon SuberSilver LakeleadSoftBankleadThird Point ManagementleadU.S. BancorpWicklow Capital

Key figures

latest reported
Analyst consensus price targetAug 2026$22.42
BorrowersSep 20132,500 borrowers
Corporate partners (SoFi at Work)Sep 2016600 partners
Cumulative loans fundedSep 2015$4B
CustomersJan 202615,800,000 members
EmployeesJan 20245,000 employees
Galileo ACH transactions processedMay 20268,000,000,000 transactions per year
Institutional and hedge fund ownershipAug 202638.4%
Market capitalizationAug 2026$24.4B
MembersOct 2016175,000 members
Net incomeJan 2025$481M
Net marginJul 202614.8%
Platform accountsJan 2026135,000,000
Quarterly EPSJul 2026$0.12
Quarterly loan originationsJan 2026$14.8B
Quarterly revenueJul 2026$1.2B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 28

launches, deals, and filings
May 2026
Peach lending-technology platform to join SoFi

Peach co-founder and CEO Eddie O. announced on LinkedIn that the Oakland-based B2B lending infrastructure company would join SoFi's Technology Solutions organization alongside Galileo and Technisys; SoFi had not confirmed the deal and financial terms were not disclosed.

source ↗

Apr 2026
Reported acquisition of most of British fintech PrimaryBid's assets

source ↗

Jan 2026
Reported acquisition of automated investing platform Composer Securities

source ↗

Dec 2025
$1.5 billion stock offering announced

$1.5B source ↗

Feb 2019
FTC approves final consent order

The order prohibits SoFi from misrepresenting how much money consumers will save or have saved using its products.

source ↗

Jan 2019
Fractional share buying, ETFs and a mobile-first cash management account introduced

source ↗

Oct 2018
FTC settlement over student loan refinancing savings claims

SoFi agreed to stop making false claims about savings from student loan refinancing; the FTC alleged such claims had been made since April 2016.

source ↗

Apr 2018
Michelle Gill joins as Chief Financial Officer

Gill previously worked at TPG and Goldman Sachs.

source ↗

Jan 2018
Anthony Noto named CEO after resigning as Twitter COO

source ↗

Sep 2017
CEO Mike Cagney announces resignation

Cagney said he would resign by year-end amid allegations of sexual harassment and of skirting risk and compliance controls.

source ↗

Jul 2017
SoFi to shut down Zenbanx, closing all accounts on August 31, 2017

Zenbanx's partnership with Wilmington Savings Fund Society expired and SoFi chose to close existing accounts rather than renew or replace it; interest rates were set to 0% as of July 1.

source ↗

Jun 2017
Bank charter application filed

SoFi applied for a bank charter, intending to use Zenbanx's technology stack and personnel for a SoFi-branded online bank.

source ↗

May 2017
Online wealth management service launched

source ↗

Feb 2017
Acquisition of online banking provider Zenbanx

First step toward adding checking accounts and credit cards to SoFi's financial services suite.

source ↗

Feb 2017
$500 million raised from an investor group led by Silver Lake to support global expansion

$500M source ↗

Sep 2016
SoFi at Work employee benefit program launched

Program to reduce student debt and build financial wellness; the company announced more than 600 corporate partners.

source ↗

May 2016
First startup online lender to receive a triple-A rating from Moody's

source ↗

Sep 2015
$1 billion investment round from SoftBank

$1B source ↗

Sep 2015
Former SEC Chairman Arthur Levitt added as advisor

source ↗

Mar 2015
Mortgages offered in more than 20 states

source ↗

Feb 2015
$200 million round led by Third Point Management

$200M source ↗

Feb 2015
Personal loans launched

source ↗

Oct 2014
Mortgage lending launched in fewer than ten states

source ↗

Apr 2014
$80 million Series C led by Discovery Capital Management

$80M source ↗

Nov 2013
Deal with Barclays and Morgan Stanley to securitize peer-to-peer student loans

The bond backed by peer-to-peer student loans was to be the first securitization of these loans to receive a credit rating.

source ↗

Oct 2013
$500 million in debt and equity announced to fund and refinance student loans

Comprised $90 million in equity, $151 million in debt (including a $60 million line of credit from Morgan Stanley and $41 million from U.S. Bancorp), $200 million in bank participations, and capital from alumni and community investors.

$500M source ↗

Sep 2012
$77.2 million raised led by Baseline Ventures

$77.2M source ↗

Aug 2011
SoFi founded by four Stanford Graduate School of Business students

Mike Cagney, Dan Macklin, James Finnigan and Ian Brady founded the company to refinance student loans, starting with a pilot in which about 40 Stanford alumni lent an average of roughly $20,000 each to about 100 students.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does SoFi do?
SoFi Technologies is a digital personal-finance company offering student and personal loans, mortgages, investing, banking and credit cards through one app; it went public on the Nasdaq in 2021 via SPAC.
Who are SoFi's investors?
SoFi's investors include Alpha Square Group, Baseline Ventures, Bling Capital, Blue Lion, Blue Lion Global, Canvas Ventures, Cianna Capital, DCM Ventures and 38 more.
Is SoFi publicly traded?
Yes — SoFi trades on NASDAQ under the ticker SOFI.