SoFi

SoFi Announces Election of Ruzwana Bashir to its Board of Directors

Friday, June 11, 2021 - 2:00pm

SoFi announced today the election of Ruzwana Bashir to its Board of Directors.

Key Points: 
  • SoFi announced today the election of Ruzwana Bashir to its Board of Directors.
  • We are thrilled to have Ruzwana join our Board, said Tom Hutton, chairman of the Board.
  • She will be instrumental in helping our Board and management deliver on our mission of helping SoFi members achieve financial independence.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

Galileo Names Derek White as New Chief Executive Officer

Tuesday, June 8, 2021 - 1:00pm

Galileo , the API standard for card issuing and digital banking, owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it has named technology and innovation leader Derek White as its new chief executive officer.

Key Points: 
  • Galileo , the API standard for card issuing and digital banking, owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it has named technology and innovation leader Derek White as its new chief executive officer.
  • White succeeds Galileo CEO and Founder Clay Wilkes, who becomes vice chair of Galileo and remains a member of the board of directors of SoFi, Galileos parent company.
  • Following an extensive search, it became clear to me, Clay, Galileo and SoFi leadership as well as the Board that Derek is the perfect choice to lead Galileo into the future.
  • Derek will lead Galileo to use its proven solutions, technology and expertise to drive continued success and customer adoption to bring Galileo into its next chapter.

SoFi to Participate in the Piper Sandler Global Exchanges & FinTech Conference

Monday, June 7, 2021 - 1:30pm

Following the event, an archived webcast will be available for on demand viewing at the same website.

Key Points: 
  • Following the event, an archived webcast will be available for on demand viewing at the same website.
  • SoFi helps people achieve financial independence to realize their ambitions.
  • SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

As Student Loan Debate Continues to Draw Uncertainty, SoFi Launches New Program to Help Borrowers

Monday, June 7, 2021 - 12:30pm

Since March 2020 , the federal government has paused interest and monthly payments for federal student loan borrowers in response to the COVID-19 pandemic.

Key Points: 
  • Since March 2020 , the federal government has paused interest and monthly payments for federal student loan borrowers in response to the COVID-19 pandemic.
  • With SoFi, borrowers dont have to live with uncertainty, they can capture the best of both worlds by locking-in a historically low rate now, without sacrificing their current, temporary federal student loan benefits, said Anthony Noto, CEO of SoFi.
  • Borrowers would apply for SoFi student loan refinancing using the same easy, digital application SoFi is known for - no extra documents or underwriting requirements, and the same low rates as a normal Sofi refinance loan.
  • NOTICE: Recent legislative changes have suspended all federal student loan payments and waived interest charges on federally held loans until 09/30/21.

SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly Traded following Business Combination with Social Capital Hedosophia V

Friday, May 28, 2021 - 5:20pm

Social Finance, Inc., a leading next-generation financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) ("SCH"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take SoFi public.

Key Points: 
  • Social Finance, Inc., a leading next-generation financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) ("SCH"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take SoFi public.
  • The transaction forms a leading, publicly traded consumer-focused financial technology platform named SoFi Technologies, Inc. (SoFi or the Company).
  • About Social Capital Hedosophia Holdings Corp. V
    Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia.
  • There can be no assurance that future developments affecting SoFi Technologies will be those that SoFi Technologies has anticipated.

Even Financial Achieves SOC 2 Type II Compliance

Thursday, May 20, 2021 - 9:00pm

b'NEW YORK, May 20, 2021 /PRNewswire/ --Even Financial, the leading search, comparison, and recommendation engine for financial services, today announced that it has successfully completed a Service and Organization Control (SOC 2) Type II examination for its industry-leading API.

Key Points: 
  • b'NEW YORK, May 20, 2021 /PRNewswire/ --Even Financial, the leading search, comparison, and recommendation engine for financial services, today announced that it has successfully completed a Service and Organization Control (SOC 2) Type II examination for its industry-leading API.
  • "Successfully completing our SOC 2 Type II certification reinforces our ongoing commitment to integrating the highest standard of security controls across the Even platform.
  • As the leading search, comparison, and recommendation engine for financial services, Even seamlessly bridges financial institutions (including LendingClub and SoFi) and channel partners (such as MoneyLion and TransUnion) via its simple yet robust API and embeddable solutions.
  • Even turns any consumer touchpoint into a comprehensive financial services marketplace with full compliance and security at scale.

Get Paid up to Two Days Early With SoFi Money

Thursday, May 20, 2021 - 5:44pm

\xe2\x80\x9cWith our early paycheck program, we are giving people access to their hard-earned money in a way - and at a time - that allows them to maximize their financial choices.

Key Points: 
  • \xe2\x80\x9cWith our early paycheck program, we are giving people access to their hard-earned money in a way - and at a time - that allows them to maximize their financial choices.
  • The program is available to any SoFi Money member who opts to set up a qualifying direct deposit.
  • SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.

Figure Raises $200 Million Series D Co-Led by 10T Holdings and Morgan Creek Digital

Thursday, May 20, 2021 - 3:06pm

\xe2\x80\x9cProvenance, a new set of financial rails that is faster and less expensive than alternative solutions and is on the precipice of becoming adopted by major financial institutions.

Key Points: 
  • \xe2\x80\x9cProvenance, a new set of financial rails that is faster and less expensive than alternative solutions and is on the precipice of becoming adopted by major financial institutions.
  • This poses a significant opportunity to unlock value in many ways and we couldn\xe2\x80\x99t be more thrilled to support the team.\xe2\x80\x9d\n\xe2\x80\x9c10T believes that Figure is building next-generation lending, trading, and settlement infrastructure for the Digital Asset Ecosystem," said Dan Tapiero, General Partner of 10T Holdings.
  • \xe2\x80\x9cThe speed, transparency, finality, and cost-efficiency of Provenance blockchain will be an improvement to the systems and framework that exist in the traditional financial world.
  • The company was founded in 2018 by serial technology entrepreneur Mike Cagney, who also founded SoFi and built the company into a multi-billion dollar business under his leadership as CEO.

Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) Recommends Shareholders Vote in Favor of the Proposed Business Combination with SoFi

Thursday, May 20, 2021 - 2:00pm

Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies.

Key Points: 
  • Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies.
  • To learn more about Social Capital Hedosophia, visit www.socialcapitalhedosophiaholdings.com .\nSoFi helps people achieve financial independence to realize their ambitions.
  • SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.
  • Neither SoFi nor SCH gives any assurance that either SoFi or SCH, or the combined company, will achieve its expectations.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210520005239/en/\n"

Tabletree Montana Wins Silver in sofi™ Awards

Wednesday, May 19, 2021 - 8:08pm

The sofi judging was held at the prestigious Rutgers Food Innovation Center in April following strict safety guidelines.\n"We are so excited that Tabletree Cherry Juice has won this award.

Key Points: 
  • The sofi judging was held at the prestigious Rutgers Food Innovation Center in April following strict safety guidelines.\n"We are so excited that Tabletree Cherry Juice has won this award.
  • The sofi Award is the ultimate stamp of approval and we are so proud to claim the silver this year.
  • "\nThe sofi Awards competition is open annually to members of the Specialty Food Association.
  • Tabletree has also won innovation awards for their equipment and product recognition awards in British Columbia, Canada.