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Sponsor Summary
Social Finance, Inc. (commonly known as SoFi) is a marketplace lender that provides student loan refinancing, mortgages and other types of loans, such as parent and personal loans. The company is a non-bank alternative focused on offering loans at lower rates than traditional lenders. SoFi’s primary customers are early stage professionals. Some of its products, such as parent loans and mortgages, are popular with a broader demographic. In September of 2015, the fintech company secured $1 billion in Series E funding led by SoftBank bringing total equity investment in SoFi to $1.42 billion.
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