SoFi
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SoFi - overview
Established
2011
Location
San Francisco, CA, US
Primary Industry
Financial Services
About
Based in California, US, and Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady — four Stanford Graduate School of Business students who founded SoFi in August 2011 and Anthony Noto (CEO), Social Finance, Inc. provides financial services such as credit cards, expense trackers, investments, student loan financing, home loans, personal loans, and business financing. The company was founded by Stanford business school students. In January 2021, a consortium co-led by Hedosophia and individual investors, along with Altimeter Capital, Baron Capital Management, BlackRock, Coatue Management, Durable Capital Partners, and Healthcare of Ontario Pension Plan agreed to invest USD 1.
2 billion at USD 10 per share in Social Finance, Inc. The transaction was completed in May 2021 The company works with individuals and businesses by offering them financial services such as loans, investments, expense management, and capital financing. Loan services include student loan refinancing, private student loans, personal loans, and home loans. The investment application allows users to browse and fund businesses online using cryptocurrency.
Spend solutions include expense management that helps users to track and monitor their expenses and credit cards that allow users to earn cashback. Capital financing helps small businesses to apply for a loan. The company generates revenue by offering financial products and services such as student loans, home loans, personal loans, investment solutions, expense management solutions, and capital financing.
Current Investors
Granite Asia, Qatar Investment Authority, Pegasus Tech Ventures
Primary Industry
Financial Services
Sub Industries
Retail Law, Brokerages, Consumer Finance, e-Financial, Mortgage Banking
Website
www.sofi.com
Verticals
Artificial Intelligence, Blockchain, FinTech, FinTech, FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
SoFi - timeline of key events
SoFi - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | 984,872,000 | 1,573,535,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | 59.8% | - | - | - |
| EBITDA (USD) | (663,611) | (379,609,000) | (167,361,000) | - | - | - |
| Operating Income (USD) | (663,611) | (481,177,000) | (318,721,000) | - | - | - |
| Operating Margin | - | (48.9%) | (20.3%) | - | - | - |
| % EBITDA Margin | - | (38.5%) | (10.6%) | - | - | - |
| NET Income (USD) | (646,393) | (483,937,000) | (320,407,000) | - | - | - |
| % Net Margin | - | (49.1%) | (20.4%) | - | - | - |
SoFi - employee data
SoFi - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member Board of Directors | BM |
BM Board Member
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