Headquarters: San FranciscoKey technologies: Artificial intelligence, machine learningSoFi was started in 2011 and initially focused on refinancing student loans for millennials. Since then, it's expanded its offerings to this demographic by providing personal and mortgage loans, mortgage refinances and wealth management services. Now it's expanded yet again, to offer a complete suite of financial products — Sofi Money, Sofi Invest and Sofi Insurance — aimed at the general public.
The goal, says the company, is for SoFi to become the central financial hub for members to manage and grow their money. That's why the company has also decided to offer zero-fee exchange-traded funds and cryptocurrency trading this year. The company claims to have 600,000 members and has made $30 billion in loans to date. SoFi has raised $2.1 billion in funding, including $500 million in a round led by Silver Lake Partners. Earlier this year, CEO Anthony Noto told reporters the company will not being going public in 2019 but that an IPO is still part of his long-term plans.
Noto, the former COO of Twitter, succeeded SoFi's co-founder Mike Cagney, who was forced out as CEO amidst sexual harassment allegations and charges that under his leadership the firm was hostile to women. Noto has been working to repair SoFi's culture and has added nearly a dozen executives since he took over in March 2018. Among them: CFO Michelle Gill.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2019 Disruptor 50: No. 12 InMobiInMobi, the adtech platform from India that is the country's first unicorn, is now making it even easier for users to eye content.
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: No. 19. Ginkgo BioworksGinkgo Bioworks was started by a team of MIT scientists in 2009, intent on building made-to-order microbes that enable customers to grow rather than manufacture better products. Diruptor50
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: 18. DoorDashIt seems like no matter when or where you get a craving for sushi or ribs, there's a food-delivery service just rushing to get it to you. Among the leaders: DoorDash. Disruptor50 Except their dashers have horrible service
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: 13. StripeDoing business globally means being able to accept payments from customers wherever they are. Stripe aims to make that process easier. Disruptor50
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: No. 16 TextioTextio uses artificial intelligence to analyze job postings as people write them out or edit them, and highlights particular words that could help or hinder the search in an attempt to attract a more diverse applicant pool. Disruptor50
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: No. 21 CourseraAs more and more companies look to reskill their employees to keep pace with rapid technological change and a tight labor market, Coursera is helping to show the way. Disruptor50
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: No. 22 CLEARShowing an ID to get through airport security is so last century. CLEAR is using biometrics so that with a touch of a finger or a blink of an eye your identity is verified. Disruptor50 Incorrect. This century is all about buying our 4th amendment right back from government contractors to travel. 🙃 This is creepy. Except when you get randomly asked to present your ID to TSA anyway...like I did today. How is a TSA agent eyeballing my crummy DMV pic from 10 years ago going to be better than my fingerprints or retina scan? Clear TSA
Source: CNBC - 🏆 12. / 72 Read more »
2019 Disruptor 50: No. 24 FlexportFlexport is turning the freight industry — a $1 trillion industry that keeps the world's economies humming — on its head. Disruptor50 Have your heard that hackers are aggressively attacking online crypto wallets and exchanges everyday. Make you self a favor and get a best hardware wallet in the world Ledger Nano X and sleep well at night.
Source: CNBC - 🏆 12. / 72 Read more »
25. Fanatics2019 Disruptor 50: No. 25 Fanatics
Source: CNBC - 🏆 12. / 72 Read more »
23. TransferWise2019 Disruptor 50: No. 23 TransferWise
Source: CNBC - 🏆 12. / 72 Read more »
24. FlexportMoving $1 trillion in freight forward
Source: CNBC - 🏆 12. / 72 Read more »