Renren is a publicly traded company that operates a social networking platform and also has an investment unit that invests in private US fintech companies; Lend Academy previously wrote about Renren and their private market fintech holdings in January; Renren was one of SoFi's first investors reporting 21% ownership in the company at the end of 2015; it’s now been reported that Renren has sold a portion of its share in the company, in association with a SoFi fundraising, receiving net proceeds of $91.9 million. Source
Big news from SoFi today. While we know that the company has been considering going public for some time, we...
The worst week in SoFi‘s history is coming to an end. The company announced today that Mike Cagney has stepped...
In this week’s PeerIQ Industry Update they cover the recent news that CEOs of the six largest banks will testify...
With SoFi Money becoming live SoFi now offers a bank account they bill as a hybrid between a savings and...
In episode 254 of the Lend Academy Podcast Peter talks with Clay Wilkes, the CEO and Founder of Galileo Financial...
There is a growing group of fintechs who have designed their products specifically for Gen Z, who are defined as...
This week, we look at Betterment launching a bank account and payments feature. They are not the first, but they could be the best! Still, it feels like the world has moved on. Barriers to entry around digital finance have collapsed, and shifted industry goal posts. Hundreds of companies are integrating API-based solutions that connect to banking and investment entities. Amazon, Google, and Apple are there already. And let's not forget the incredible pressure from the COVID recession: 20MM+ unemployed, $100 billion decrease in global remittances, 1 in 8 banks being unprofitable. Is it time for incremental improvement, or a sea change?
Until last month it was unknown how SoFi, the most successful fintech firm in the US, was going to offer...
Sofi's student loan volumes are down, but analysts showed excitement about the company's growth in deposits.