SoFi

SoFi to Participate in Upcoming Investor Conferences

Retrieved on: 
Friday, May 19, 2023
Personal Finance, Internet, Finance, Banking, Professional Services, Technology, Apps, Applications, Fintech, OCC, Urban planner, Financial services, Federal, FDIC, Android, IOS, European Technology Platform on Smart Systems Integration, Federal Reserve, Webcast, 2023 Los Angeles Chargers season, 1960 Los Angeles Rams season, SoFi Stadium, SoFi, Bank

To view the webcast, please go to the “Events & Presentations” section of SoFi’s Investor Relations website at https://investors.sofi.com/ .

Key Points: 
  • To view the webcast, please go to the “Events & Presentations” section of SoFi’s Investor Relations website at https://investors.sofi.com/ .
  • SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions.
  • SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings , SoFi Invest , SoFi Credit Card , SoFi Protect , and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack.
  • SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the Federal Reserve, OCC, and FDIC.

Ocrolus Closes its Best Month in Company History Based on Strong Demand for Lending Automation

Retrieved on: 
Wednesday, May 10, 2023
Nexus, Small business, BSI, Plaid, Property, PayPal, Javits Center, Organization, FC Kramatorsk, Growth, Fraud, SoFi, Automation, Real estate, Bank

NEW YORK, May 10, 2023 /PRNewswire/ -- Ocrolus, a leader in AI-driven document automation for faster and more accurate lending decisions, closed its quarter ending April 30 with its strongest month for new business in company history. The company experienced record growth and substantial momentum for 2023, adding 20 new customers in 45 days.

Key Points: 
  • The company experienced record growth and substantial momentum for 2023, adding 20 new customers in 45 days.
  • New customer commitments with Ocrolus include small business, mortgage, consumer and auto lenders, as well as technology partners in proptech and income verification.
  • Among the new customers onboarding Ocrolus for document automation and analysis are innovative companies such as BSI Financial, Bluepoint Mortgage, Cion Digital, City Lending, Greenbox Loans, Integra Auto, Kuboon, Lentegrity, NTropy, Truv, and many more.
  • Ocrolus' growth is driven by leading lenders who are investing in automation to prepare and enable scalability for an eventual market uptick.

Point Predictive's IncomePass™ Helps SoFi Expedite Personal and Student Loan Offers

Retrieved on: 
Wednesday, May 10, 2023
Organization, Artificial intelligence, Partnership, Fraud, Probability, Friction, SoFi, Point, SAN, Automation, Real estate

SAN DIEGO, May 10, 2023 /PRNewswire/ -- Point Predictive, the San Diego-based company providing artificial intelligence (AI) risk solutions to lenders and credit providers, today announced its partnership with SoFi .

Key Points: 
  • SAN DIEGO, May 10, 2023 /PRNewswire/ -- Point Predictive, the San Diego-based company providing artificial intelligence (AI) risk solutions to lenders and credit providers, today announced its partnership with SoFi .
  • "We are grateful to partner with organizations like SoFi who share our commitment to elevating the borrower experience," said Tim Grace, Chief Executive Officer at Point Predictive.
  • "IncomePass enables lenders to accurately validate income on all of their borrowers in real-time cost-effectively.
  • IncomePass is a game-changing contributor to the automation efforts lenders are moving towards today."

Fintech Lenders Gain Traction as Consumer Loan Satisfaction Increases, J.D. Power Finds

Retrieved on: 
Wednesday, May 10, 2023
Banking, Fintech, Professional Services, American Express, J.D. Power, Human, Intelligence, Generation X, Multimedia, Gen, SoFi, Generation Z, Bank, Credit

Power 2023 U.S. Consumer Lending Satisfaction StudySM, released today, that focus on delivering a streamlined digital loan process has helped the newer crop of fintech lenders play catch-up with traditional brands.

Key Points: 
  • Power 2023 U.S. Consumer Lending Satisfaction StudySM, released today, that focus on delivering a streamlined digital loan process has helped the newer crop of fintech lenders play catch-up with traditional brands.
  • Across this year’s study, fintech lenders have seen the sharpest rate of improvement in overall customer satisfaction.
  • Fintech brand awareness gets big bump: Fintech brand awareness increases by as much as 15 percentage points in this year’s study.
  • The U.S. Consumer Lending Satisfaction Study measures overall customer satisfaction based on performance in five factors (in alphabetical order): customer service for loan; experience managing loan; experience obtaining loan; kept informed about loan; and loan met borrowing needs.

EXPEDIA GROUP SHOWS B2B GROWTH: ANNOUNCES NEW PARTNERSHIPS AND TECH FEATURES

Retrieved on: 
Tuesday, May 9, 2023
Expedia, Travel, API, OS, Business, Expedia Group, Name, Machine learning, Mastercard, Artificial intelligence, Growth, SoFi, News, Mobile phone, Airline, Tourism, Retail

SEATTLE, May 9, 2023 /PRNewswire/ -- Following a strong quarter for Expedia Group's B2B segment where it delivered 55% in revenue growth compared to 2022, the Company announced new partnerships and tech features aimed at expanding its already vast partner network. Expedia Group's White Label Template and API solutions power travel for more than 400 million loyalty members of some of the biggest financial services companies, airlines and hoteliers worldwide. The announcements came as hundreds of leading travel players met at Expedia Group's EXPLORE 23: Connect conference, held for the first time at its Seattle campus.

Key Points: 
  • New Tech Features With Travel OS, Guest Experience Score and Optimized Distribution
    SEATTLE, May 9, 2023 /PRNewswire/ -- Following a strong quarter for Expedia Group's B2B segment where it delivered 55% in revenue growth compared to 2022, the Company announced new partnerships and tech features aimed at expanding its already vast partner network.
  • The announcements came as hundreds of leading travel players met at Expedia Group's EXPLORE 23: Connect conference, held for the first time at its Seattle campus.
  • The demand for this business continues to be strong as evidenced by our new partnerships with Mastercard, SoFi, and some of our biggest hotel partners," said Peter Kern, Vice Chairman and CEO, Expedia Group.
  • Hotel partners can view their Guest Experience Score by logging into Expedia Group Partner Central.

QED Co-Founders Again Named Among World’s Best Investors

Retrieved on: 
Thursday, May 4, 2023
Asset Management, Professional Services, Finance, Karma, Rotman, Credit Karma, Partnership, Like a Boss (film), Intuit, Capital One, Science, ClearScore, Business Growth Fund, Fly wire, QED, Investment, Euphoria, Midas List, SoFi, VC, Midas, Cryptocurrency, Security (finance), Morris

QED Investors co-founders Nigel Morris and Frank Rotman were today named to Forbes’ annual Midas List honoring the best venture capitalists in the world.

Key Points: 
  • QED Investors co-founders Nigel Morris and Frank Rotman were today named to Forbes’ annual Midas List honoring the best venture capitalists in the world.
  • Rotman was named to the list for the sixth year in a row, while Morris appeared for the third consecutive time.
  • Produced in partnership with TrueBridge Capital Partners, the Midas List is the definitive ranking of the top 100 tech investors.
  • QED was one of just 16 firms with multiple investors on the list – and the only VC with two Midas List investors based on the east coast.

Pagaya Strengthens Leadership Team with Two Executive Hires, Deepening Subject Matter Expertise

Retrieved on: 
Thursday, May 4, 2023
Banking, Professional Services, Finance, IPO, Senior, General counsel, Personal, Watson, JPMorgan Chase, Intelligence, Santander Bank, Credit risk, Doma, Credit, Giancarlo, Consumer, Growth, Auto, AI, SoFi, Wells Fargo, Sallie Mae, Marchesi, Management, Bank, Mosaic, Skadden, Arps, Slate, Meagher & Flom

Giancarlo Marchesi has joined Pagaya as General Manager to oversee the Auto and Personal Lending businesses.

Key Points: 
  • Giancarlo Marchesi has joined Pagaya as General Manager to oversee the Auto and Personal Lending businesses.
  • “Giancarlo has the leadership experience and industry knowledge to drive Pagaya’s Auto and Personal Lending markets to new heights,” said Ashok Vaswani, President of Pagaya.
  • Eric Watson has joined Pagaya’s executive team as Chief Legal Officer and brings extensive experience as a General Counsel in the consumer lending sector.
  • Watson began his legal career at Skadden and went on to hold senior executive roles at Sallie Mae, SoFi, and Mosaic.

SoFi Launches “Making Money On Your Money: Sophia Amoruso’s Guide to Financial Independence” To Help Women Get Their Money Right

Retrieved on: 
Tuesday, May 2, 2023
Apps, Applications, Technology, Personal Finance, Women, Finance, Banking, Professional Services, Software, Consumer, Coursera, Learning, Knowledge, Woman, SoFi, Mental health, Personal, Online shopping, Risk management

To help women get their money right and do so with confidence, SoFi is teaming up with investor and entrepreneur Sophia Amoruso to launch “Making Money On Your Money: Sophia Amoruso’s Guide to Financial Independence.”

Key Points: 
  • To help women get their money right and do so with confidence, SoFi is teaming up with investor and entrepreneur Sophia Amoruso to launch “Making Money On Your Money: Sophia Amoruso’s Guide to Financial Independence.”
    “Making Money On Your Money” will explore how women can create financial goals and set themselves up for bright financial futures in collaboration with SoFi.
  • The guide will feature resources to help women dive deeper into learning about personal finance topics including investing, debt, spending and saving, setting financial goals, and budgeting.
  • I’m excited to collaborate with SoFi because of our shared mission to help women achieve financial success,” said Sophia Amoruso.
  • SoFi has an ongoing commitment to providing members access to financial literacy and resources including complimentary access to financial planners.

SoFi Technologies, Inc. Reports First Quarter 2023 Results

Retrieved on: 
Monday, May 1, 2023
Professional Services, Apps, Applications, Technology, Finance, Fintech, Banking, Personal Finance, Advertising, 600 (number), Financial services, Marketing, COVID-19, Wealth, Xi, Form 10-K, GAAP, Forecasting, European Technology Platform on Smart Systems Integration, EBITDA, FSPL, Acquisition, Investment, Hyperaccumulators table – 2 : Nickel, XV, Webcast, Growth, Security (finance), Annual report, SoFi, Environment, Bank, Risk management

Includes SoFi Checking and Savings accounts held at SoFi Bank, and cash management accounts.

Key Points: 
  • Includes SoFi Checking and Savings accounts held at SoFi Bank, and cash management accounts.
  • Management expects to generate $470 to $480 million of adjusted net revenue in the second quarter of 2023, up 32% to 35% year-over-year, and $50 to $60 million of adjusted EBITDA.
  • Management expects to reach quarterly GAAP net income profitability by the fourth quarter of 2023, with GAAP net income incremental margins for the full year of 20%.
  • Management will further address second quarter and full-year 2023 guidance on the quarterly earnings conference call.

Summer Vacations Just Got More Affordable with SoFi Travel Powered by Expedia Group

Retrieved on: 
Monday, May 1, 2023
Personal Finance, Finance, Banking, Professional Services, Other Travel, Destinations, Asset Management, Vacation, Travel, Partnership, Autopilot, Wealth, Business, Expedia Group, SoFi, Management, Online shopping, Bank, Expedia

SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, and Expedia Group, the world’s leading traveler technology platform, today announced “SoFi Travel powered by Expedia”1, a new way for SoFi members to save money and earn rewards while traveling.

Key Points: 
  • SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, and Expedia Group, the world’s leading traveler technology platform, today announced “SoFi Travel powered by Expedia”1, a new way for SoFi members to save money and earn rewards while traveling.
  • SoFi Credit Card2 members will also earn an unlimited 3% cash back rewards3 when booking with SoFi Travel, continuing to offer SoFi members increased value for using SoFi products together.
  • SoFi Travel will be available to select members next week, and will be rolling out to all members over the coming weeks.
  • “We’re proud to partner with SoFi to launch SoFi Travel, powered by our industry-leading technology, our deep travel supply, and our customer service expertise.