Offerings / Sofi

sofi-logo

Sofi

SoFi is a leading marketplace lender and the #1 provider of student loan refinancing, with over $4 Billion lent to date.

Website: https://www.sofi.com/

Location: San Francisco, California, United States

Founded: 2011

Employees: ~1000

Founded in 2011 as a student loan refinancing platform, Social Finance, Inc. (SoFi) has since expanded into products that span mortgages, personal loans, wealth management, life insurance, and credit cards. The company offers competitive interest rates to their customers by better assessing their overall credit risk. This involves going beyond just credit scores and debt-to-income ratio, taking into consideration the likes of educational background, projected career development, and estimated cash flow. Led by Anthony Noto, the former COO of Twitter, SoFi had more than 400,000 members and 1,300 employees as of April 2018.

Capitalization Table

Funding Round

Date

Funding Amount

Post-Money Valuation

Shares Outstanding

Share Price

Series G

March 2017

$500M

$4.8B

280M

$17.18

Series F

July 2015

$1.0B

$4.0B

250M

$15.78

Series E

January 2015

$230M

$1.6B

170M

$9.46

Series D

March 2014

$81M

$500M

140M

$3.45

Series B

September 2012

$82M

$230M

100M

$2.20

Series A

October 2011

$4.1M

$12M

62M

$0.20

Date

Funding Amount

Post-Money Valuation

Share Price

March 2017

$500M

$4.8B

$17.18

July 2015

$1.0B

$4.0B

$15.78

January 2015

$230M

$1.6B

$9.46

March 2014

$81M

$500M

$3.45

September 2012

$82M

$230M

$2.20

October 2011

$4.1M

$12M

$0.20