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SoFi - About the company

SoFi is a public company based in San Francisco (United States), founded in 2011 by Daniel Macklin, Ian Brady, James Finnigan and Paul Mayer. It operates as an Online bank offering consumer loans and insurances. SoFi has raised $3.04B in funding from investors like Baseline Ventures, Renren and Qatar Investment Authority. The company has 474 active competitors, including 28 funded and 23 that have exited. Its top competitors include companies like Moneylion, Best Egg and Avant.

Sectors and market segments that SoFi operate in

SoFi serves in the FinTech market segments.The primary business model of SoFi is:

Company Details

Online bank offering consumer loans and insurances. It offers multiple loan products including personal loans, student loans, home loans, business loans, and more. It also offers insurance including life insurance, home insurance, and more. It also features an app-based platform for trading stocks, ETFs, crypto, and accessing financial services. The app is available on IOS and Android devices.
Social
XFacebook
Email ID
*****@sofi.com
Phone Number
+1 **********
Registered Address
San Francisco, California
Key Metrics
Founded Year
2011
Location
San Francisco, United States
Stage
Public
Total Funding
$3.04B in 17 rounds
Ranked
Employee Count
6,757 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public

SoFi's IPO details

SoFi got listed on Jun 01, 2021.
Click here to take a look at SoFi's IPO in detail
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SoFi's funding and investors

SoFi has raised a total funding of $3.04B over 17 rounds. Its first funding round was on 2011. Its latest funding round was a Post IPO round on Feb 18, 2024 for an undisclosed amount. 1 investor participated in its latest round. SoFi has 77 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of SoFi:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Feb 18, 2024
Undisclosed
Post IPO
-
-
-
Jan 07, 2021
$370M
Series G
-
-
-
-
Jun 11, 2019
$539M
Series G
$4.3B
-
-
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SoFi's founders and board of directors

Founder? Claim Profile
The founders of SoFi are Daniel Macklin, Ian Brady, James Finnigan and Paul Mayer. Anthony Noto is the CEO of SoFi.
Here are the details of SoFi's key team members:

SoFi's employee count trend

SoFi has 6,757 employees as of Jun 26. Here is SoFi's employee count trend over the years:
Employee count trend for SoFi
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SoFi's Competitors and alternates

Top competitors of SoFi include Moneylion, Best Egg and Avant. Here is the list of Top 10 competitors of SoFi, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for SoFi
SoFi
2011, San Francisco (United States), Public
Online bank offering consumer loans and insurances
$3.04B
87/100
2nd
Logo for Moneylion
Moneylion
2013, Sandy (United States), Acquired
Online platform for instant consumer loans and mobile banking
$268M
82/100
3rd
Logo for Best Egg
Best Egg
2000, Wilmington (United States), Acquired
Online platform for personal loans
$300M
78/100
4th
Logo for Avant
Avant
2012, Chicago (United States), Series E
Online platform for consumer loans
$905M
77/100
5th
Logo for Upgrade
Upgrade
2016, San Francisco (United States), Series G
Provider of consumer credit and banking products
$750M
73/100
6th
Logo for Earnest
Earnest
2013, San Francisco (United States), Acquired
Direct lender for student loan refinancing and personal loans
$107M
72/100
7th
Logo for LendingPoint
LendingPoint
2014, Atlanta (United States), Series B
Personal loans provider offering financial solutions with proprietary technology and AI
$325M
71/100
8th
Logo for Oportun
Oportun
2005, Menlo Park (United States), Public
Online platform for consumer loans
$204M
68/100
9th
Logo for Atlanticus Holdings
Atlanticus Holdings
1996, Atlanta (United States), Public
Provider of credit cards for individuals and businesses
-
67/100
10th
Logo for OppFi
OppFi
2009, Chicago (United States), Public
Online marketplace for consumer loans
-
62/100
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SoFi's Investments and acquisitions

SoFi has made 12 investments in companies including Digital Asset and Casap. SoFi has also acquired 8 companies including Composer and Peach Finance.
Here is the list of investments & acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jun 23, 2026
Acquisition
2020
Toronto (Canada)
Jun 11, 2026
Investments
2014
New York City (United States)
May 21, 2026
Acquisition
2018
Oakland (United States)
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See all investments and acquisitions by SoFi

Reports related to SoFi

Here is the latest report on SoFi's sector:

News related to SoFi

lockFilter this list
Media has covered SoFi for a total of 160 events in the last 1 year, 107 of them have been about company updates and 7 about partnerships.
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FAQs about SoFi

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