About SoFi
SoFi is a company based in San Francisco (United States) founded in 2011.. SoFi has raised $3.04 billion across 17 funding rounds from investors including The Bancorp, Morgan Stanley and East West Bank. The company has 5,000 employees as of December 31, 2024. SoFi has completed 6 acquisitions, including 8 Securities, Galileo FT and Golden Pacific Bank. SoFi operates in a competitive market with competitors including Moneylion, Avant, Oportun, Earnest and Atlanticus Holdings, among others.
- Headquarter San Francisco, United States
- Employees 5000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sofi Technologies, Inc.
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Annual Revenue
$3.77 B29.33as on Dec 31, 2024
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Net Profit
$498.67 M265.81as on Dec 31, 2024
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EBITDA
$629.74 M-36.5as on Dec 31, 2024
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Total Equity Funding
$3.04 B (USD)
in 17 rounds
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Latest Funding Round
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Investors
The Bancorp
& 19 more
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Employee Count
5000
as on Dec 31, 2024
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Investments & Acquisitions
8 Securities
& 5 more
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IPO & Listings of SoFi
SoFi is a publicly listed company on the NASDAQ with ticker symbol SOFI in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
180 people
Senior Team
67 people
Leadership Team
55 people
Sales and Marketing
55 people
Data Analysis and Operations Team
55 people
Operations Team
53 people
Finance and Accounting
49 people
Legal and Compliance
37 people
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Funding Insights of SoFi
SoFi has successfully raised a total of $3.04B across 17 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Last Round
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First Round
First Round
(01 Jun 2011)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - SoFi | Valuation |
investors |
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| Jan, 2021 | Amount | Series G - SoFi | Valuation |
investors |
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| Jun, 2019 | Amount | Series G - SoFi | Valuation | Qatar Investment Authority |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SoFi
SoFi has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The Bancorp, Morgan Stanley and East West Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Technology investing and private equity firm focused on partnerships.
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Founded Year | Domain | Location | |
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GPI Capital is engaged in non-control growth equity investments.
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Founded Year | Domain | Location | |
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VC & PE firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SoFi
SoFi has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include 8 Securities, Galileo FT and Golden Pacific Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Zenbanx offers a mobile platform for managing multi-currency accounts securely.
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2012 | ||||
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Mobile first zero-fee trading platform
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2011 | ||||
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Residential mortgage loans are facilitated via an online platform.
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SoFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sofi Comparisons
Competitors of SoFi
SoFi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moneylion, Avant, Oportun, Earnest and Atlanticus Holdings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant consumer loans and mobile banking are offered online.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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| domain | founded_year | HQ Location |
Student loan refinancing and personal loans are offered by Earnest.
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| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sofi
Frequently Asked Questions about SoFi
When was SoFi founded?
SoFi was founded in 2011.
Where is SoFi located?
SoFi is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of SoFi?
Anthony Noto is the current CEO of SoFi.
Is SoFi a funded company?
SoFi is a funded company, having raised a total of $3.04B across 17 funding rounds to date. The company's 1st funding round was a Series G of $539M, raised on Jun 01, 2011.
How many employees does SoFi have?
As of Dec 31, 2024, the latest employee count at SoFi is 5,000.
What is the annual revenue of SoFi?
Annual revenue of SoFi is $3.77B as on Dec 31, 2024.
What does SoFi do?
SoFi was founded in 2011 in San Francisco, United States, and operates in the fintech sector. An online platform is maintained for consumer lending, with products including personal, student, home, and business loans. Insurance options such as life and home coverage are provided. A mobile app supports trading in stocks, ETFs, and cryptocurrency, available on iOS and Android for accessing financial services.
Who are the top competitors of SoFi?
SoFi's top competitors include Avant, Moneylion and Atlanticus Holdings.
Is SoFi publicly traded?
Yes, SoFi is publicly traded on NASDAQ under the ticker symbol SOFI.
How many acquisitions has SoFi made?
SoFi has made 6 acquisitions, including 8 Securities, Galileo FT, and Golden Pacific Bank.
Who are SoFi's investors?
SoFi has 20 investors. Key investors include The Bancorp, Morgan Stanley, East West Bank, Renren, and Schwab Asset Management.
What is SoFi's ticker symbol?
The ticker symbol of SoFi is SOFI on NASDAQ.
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