SoFi acquired the engineering and product teams from mortgage startup Clara Lending; American Banker reported SoFi said of the deal it will help them to, “immediately ramp up our technical capabilities.”; SoFi’s business is still reliant on student loan refinancing but this acquisition will allow them to increase their mortgage business in the next few years. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.