All in One Finance App

SoFi (Social Finance) is a US-based fintech startup founded in 2011. It initially specialized in student loan refinancing but has expanded into the brokerage space since 2018.

Their main offering includes:

  • Student loan refinancing
  • Mortgages
  • Personal loans
  • Credit cards
  • Asset management and banking

SoFi Invest provides very little basic data. For stocks, SoFi Invest provides a brief summary of the company, its history, and the geographic markets and product or service areas in which it operates. It also provides current indicators such as market capitalization and price-to-market ratio. However, more in-depth data is lacking.

In February 2019, SoFi announced a partnership with Coinbase to offer cryptocurrency trading. Cryptocurrency transactions are one of SoFi’s only products that incur fees (there is a 1.25% surcharge).

With SoFi Invest, you can hold your money in USD only.

SoFi was founded in 2011 by Mike Cagney (Linkedin), Dan Macklin (Linkedin), James Finnigan, and Ian Brady (Linkedin), four students who met at the Stanford Graduate School of Business.

In April 2014, SoFi raised $80 million in a funding round led by Discovery Capital Management, with participation from Peter Thiel, Wicklow Capital, and existing investors. The money was raised to grow the student loan refinancing business and expand into new areas such as mortgages and personal loans.

In 2021, SoFi went public by merging with a SPAC founded by Chamath Palihapitiya.

SoFi is regulated by the U.S. Securities and Exchange Commission (SEC) and FINRA.

SoFi Invest is considered safe because it is regulated by top-tier financial authorities and offers investors up to $500,000 in protection (including a $250,000 limit on cash) under the SIPC protection system.

The company is only available to U.S. clients.

We rate the company on Green.

Rate and write a review

Your email address will not be published. Required fields are marked *


United States

Legal Entities

Social Finance, Inc
SoFi Securities LLC
SoFi Wealth LLC
SoFi Bank, N.A
SoFi Digital Assets, LLC,

Is this your business?Claim it now.

Make sure your information are up to date.