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SoFi Technologies, Inc. Prices $750 Million Convertible Senior Notes Offering Due 2029

Retrieved on:

Wednesday, March 6, 2024

SoFi Technologies, Inc. (“SoFi”) (NASDAQ: SOFI) today announced that it priced its private offering of 1.25% convertible senior notes due 2029 (the “notes”) in an aggregate principal amount of $750 million.

Key Points:

SoFi Technologies, Inc. (“SoFi”) (NASDAQ: SOFI) today announced that it priced its private offering of 1.25% convertible senior notes due 2029 (the “notes”) in an aggregate principal amount of $750 million.
Following the completion of the offering, SoFi may engage in additional exchanges of, or SoFi may repurchase, its 2026 notes.
These activities may adversely affect the trading price of SoFi’s common stock and the notes SoFi is offering.
Moreover, market activities by holders of the 2026 notes that participate in the exchanges may impact the initial conversion price of the notes SoFi is offering.

SoFi Technologies, Inc. Announces Proposed Convertible Senior Notes Offering Due 2029

Retrieved on:

Tuesday, March 5, 2024

Professional Services, Other Professional Services, Technology, Software, Finance, Fintech, Banking, Hand, Observation, Sale, Exercise, Debt-to-GDP ratio, Person, SoFi, Note, Security (finance)

The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.

Key Points:

The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering.
Following the completion of the offering, SoFi may engage in additional exchanges of, or SoFi may repurchase, its 2026 notes.
These activities may adversely affect the trading price of SoFi’s common stock and the notes SoFi is offering.
Moreover, market activities by holders of the 2026 notes that participate in the exchanges may impact the initial conversion price of the notes SoFi is offering.

Nova Credit Redefines Credit Data Onboarding and Underwriting with Launch of the Nova Credit Platform

Retrieved on:

Monday, March 4, 2024

Nova Credit , the leading credit infrastructure and analytics company, today announced the launch of the Nova Credit Platform , a unified integration to quickly onboard, orchestrate, and analyze consumer credit data from a range of alternative sources, all within a consumer reporting agency compliant framework.

Key Points:

Nova Credit , the leading credit infrastructure and analytics company, today announced the launch of the Nova Credit Platform , a unified integration to quickly onboard, orchestrate, and analyze consumer credit data from a range of alternative sources, all within a consumer reporting agency compliant framework.
The Nova Credit Platform is a foundational layer designed for lending institutions to grow responsibly by streamlining onboarding, verification, and underwriting processes of credit data.
“After enabling some of the world’s largest banks and issuers with alternative data, the Nova Credit Platform emerged to solve that problem.
To learn how to scale onboarding, underwriting, and verification processes, reach out to [email protected] or learn more at www.novacredit.com/platform .

Richey May Enhances its Mortgage Banking Analytics Practice with Tenured Mortgage Leader Tyler House, CPA

Retrieved on:

Thursday, February 29, 2024

Finance, CPA, Benchmarking, Data analysis, SoFi, Institute of Management Accountants, Advisory, Wyndham Capital Mortgage

DENVER, Feb. 29, 2024 /PRNewswire/ -- Advisory and accounting firm Richey May has continued the expansion of its Mortgage Banking Analytics practice by hiring Tyler House, CPA as Director of Data Analytics.

Key Points:

DENVER, Feb. 29, 2024 /PRNewswire/ -- Advisory and accounting firm Richey May has continued the expansion of its Mortgage Banking Analytics practice by hiring Tyler House, CPA as Director of Data Analytics.
Tyler is returning to Richey May, where he spent a decade in the Mortgage Banking Audit and Advisory practices.
Richey May is proud to announce that Tyler House, CPA, is joining the firm as the Director of Data Analytics.
Tyler and his team will work with the tenured team in Richey May's Mortgage Banking Consulting practice and will focus on enhancing the success of the firm's mortgage banking clients.

Coupa Delivers over $1 Billion in Billings; Unlocks $175 Billion in Bottom-Line Impact for Global Customers

Retrieved on:

Thursday, February 15, 2024

SAN MATEO, Calif., Feb. 15, 2024 /PRNewswire/ -- Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced it delivered over $1 billion in billings for the fiscal year ended January 31, 2024. The Coupa platform manages more than $5 trillion in overall business spend. The company has helped global businesses achieve more than $175 billion in savings and working capital improvements over the past decade.

Key Points:

The company has helped global businesses achieve more than $175 billion in savings and working capital improvements over the past decade.
"In 2023 alone, we helped our customer community unlock more than $30 billion in bottom-line savings.
And it wouldn't be possible without the greatest competitive edge that's driving this company forward – our agile, passionate, and committed global team," Turner said.
New customers include: Albemarle Corporation, Allwyn, Great Dane, Idahoan Foods, Mobico Group, Patterson-UTI, Penguin Random House, and The Scion Group.

SoFi Named the Official Banking Partner of the NBA, NBA G League, NBA 2K League and USA Basketball

Retrieved on:

Tuesday, February 13, 2024

The National Basketball Association (NBA) and SoFi today jointly announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball.

Key Points:

The National Basketball Association (NBA) and SoFi today jointly announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball.
SoFi, the bank and personal finance company, will also be the official entitlement partner of the SoFi NBA Play-In Tournament.
“SoFi is proud to partner with the NBA to cement our brand as a trusted household name through the league's vast reach.
SoFi banking membership comes with a host of benefits including services, content and tools that are designed to help achieve financial goals.

SoFi and Tidal Announce Upcoming Changes to SoFi ETF Lineup

Retrieved on:

Friday, February 9, 2024

SoFi, ETF, Tidal, Boss, Date, Trustee, BYOB, WKLY, Funding, Capital gain, Fund, Trust, Security (finance)

CHICAGO and MILWAUKEE and NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Tidal ETF Trust has agreed to the liquidation and closure of the SoFi Weekly Income ETF (NYSE: TGIF), SoFi Weekly Dividend ETF (NYSE: WKLY), SoFi Smart Energy ETF (NYSE: ENRG), SoFi Be Your Own Boss ETF (NASDAQ: BYOB), and SoFi Web 3 ETF (NASDAQ: TWEB) (the “Funds”), based on the recommendation of the Funds’ investment adviser, Tidal Investments LLC, a Tidal Financial Group company and SoFi Finance, Inc., the Funds’ Sponsor.

Key Points:

CHICAGO and MILWAUKEE and NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Tidal ETF Trust has agreed to the liquidation and closure of the SoFi Weekly Income ETF (NYSE: TGIF), SoFi Weekly Dividend ETF (NYSE: WKLY), SoFi Smart Energy ETF (NYSE: ENRG), SoFi Be Your Own Boss ETF (NASDAQ: BYOB), and SoFi Web 3 ETF (NASDAQ: TWEB) (the “Funds”), based on the recommendation of the Funds’ investment adviser, Tidal Investments LLC, a Tidal Financial Group company and SoFi Finance, Inc., the Funds’ Sponsor.
The Board of Trustees concluded that liquidating and closing the Funds would be in the best interest of each Fund and its shareholders.
Shareholders may sell their holdings in the Funds prior to the Closing Date and customary brokerage charges may apply to these transactions.
Please visit https://www.sofi.com/invest/etfs/ to see SoFi’s ETF line up and other investment options.

New SoFi at Work Survey Finds More Employees than Ever are Stressed About Finances, Reveals Simple Ways Employers Can Help

Retrieved on:

Tuesday, February 6, 2024

More employees than ever — nearly 9 out of 10 — are feeling stressed about their finances, with almost half saying they’re just getting by.

Key Points:

More employees than ever — nearly 9 out of 10 — are feeling stressed about their finances, with almost half saying they’re just getting by.
Fortunately, employers and their HR leaders are in a strong position to help improve financial well-being through innovative benefits that can significantly reduce employees’ financial stress – and the resulting impacts on their mental health – while also adding business value.
That’s according to new research published today by SoFi at Work, a leading provider of holistic financial well-being and education benefits to more than 1,000 organizations.
The report, The Future of Workplace Financial Well-Being: 2024 Employer & Employee Perspectives, is SoFi at Work’s second annual report outlining employees’ financial goals and what employers can do to support them on the path to financial well-being.

Zappi Strengthens Leadership Team with Key Appointments in Global Expansion

Retrieved on:

Wednesday, January 31, 2024

BOSTON and LONDON, Jan. 31, 2024 /PRNewswire-PRWeb/ -- Zappi, the leading agile market research platform for on-demand consumer insights, today announced key changes to its global leadership team, appointing Nataly Kelly as Chief Marketing Officer and promoting Babita Earle to International Managing Director from her previous role as EVP of Global Enterprise Partnerships.

Key Points:

Global brands like PepsiCo, SoFi, and McDonald's used Zappi to optimize over 26,000 ideas with feedback from over four million consumers on its connected advertising and innovation suites.
The extension of Zappi's leadership team will support the global expansion of its research platform and democratize access to consumer insights for every brand.
I'm thrilled to work with the team to help Zappi customers transform their insights for the better."
In her previous role with Zappi, Earle was responsible for developing key customer relationships and expanding platform adoption within the enterprise.

Americans Want to Invest in IPOs in 2024, According to New Investor Sentiment Survey

Retrieved on:

Thursday, January 18, 2024

Professional Services, Finance, Ageing, Coinbase, SoFi, Social media, Fintech, Tech, Interest, NerdWallet, Federal, Federal Reserve, AI, Emerging technologies, Optimism, IPO, News, Security (finance)

Linqto , the world’s first financial technology investment platform democratizing access to private markets for accredited investors, today unveiled its 2024 IPO Sentiment Survey.

Key Points:

Linqto , the world’s first financial technology investment platform democratizing access to private markets for accredited investors, today unveiled its 2024 IPO Sentiment Survey.
The survey presents a nuanced landscape of the 2024 IPO market offering fresh insights into investor behavior, market recovery expectations, and sector-specific trends.
A slim majority of respondents (52.19%) anticipate a significant recovery in the IPO market in 2024.
About ¾ of respondents (70.68%) believe Inflation and Interest Rates are the primary risks to the 2024 IPO market.