SoFi Pitch Deck
SoFi, short for Social Finance Inc., was founded in the summer 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady, who were all students at the Stanford Graduate School of Business. The San Francisco-based personal finance company and online bank provides financial products including student loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.
The neo-banking startup went public in 2021 raising $2.4 billion via a Chamath Palihapitiya sponsored SPAC merger, but as of 2024 has yet to earn a profit. That said, compared to the performance of most SPACs (esp. Chamath's), SoFi is arguably the most successful. As of January 2023, share price is down less than 20% from IPO, as compared to more than 80% average decline in share price for SPACs.
2021 • Public
About the SoFi Pitch Deck
- Raised: $2.4B
- Year: 2021
- Stage: Public
- Investors: SPAC
About SoFi
SoFi is a fintech startup offering digital banking, lending and other financial products
- Industry: Fintech
- Tags: Fintech, Banking, Lending, Finance, Personal Finance, Financial Services
- Business Model: SaaS
- Customer Model: B2C
- Website: https://sofi.com
- Legal Name: SoFi
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