Early investors are showing 'that they don't want to put a lot of money at risk,' SoFi CEO Anthony Soto says.
Since then the company has added more services that a traditional bank would have, including checking accounts, mortgages and renter's insurance. As the ride-sharing apps did to ride-hailing services, it's a technology that's changing how customers engage in banking.
In the last 15 months, SoFi has made "great progress" and recorded its first "trifecta" in its last quarter, Noto said. The company grew revenue, loan volume and profitability, he said. "That enabled us to launch these new products, like SoFi Money and give a great interest rate at 2.25% and help people get their money right," he said. "We've meaningfully changed the core business of the company."
As for when the company may enter public markets itself, "we're focused on building great products first and someday that may come," Noto said. SoFi is a financial institution based in San Francisco with $1.9 billion in funding and a $4.4 billion valuation, according to PitchBook.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
2019 Disruptor 50: No. 26 SoFiSoFi (short for social finance) was started in 2011 and initially focused on refinancing student loans for millennials. Since then, it's expanded to so much more. Disruptor50
Lire la suite »
Vanguard's CEO just revealed it's in the early stages of building a new tech platform for wealth advisors as it goes head-to-head with BlackRock's AladdinAsset managers like BlackRock are increasingly interested in building digital tools to work more directly with financial advisors.
Lire la suite »
Roku CEO: Media companies are partnering with us, not destroying us'We can really help those companies build scale if they want to use some of the marketing techniques we have on our platform,' CEO Anthony Wood says.
Lire la suite »
'We are the rightful owners' of Anadarko, Occidental CEO tells shareholdersOccidental Petroleum Chief Executive Vicki Hollub on Friday touted her $38 billi...
Lire la suite »
Patagonia is going all in on a little-known farming technique its founder calls 'the number one thing humans can do to combat global warming.' Here's how it works.Patagonia's CEO is convinced a little-known farming technique that revives weakened soil is key to fighting global warming. Presented by PMInstitute
Lire la suite »
GE's rising bonds offer another endorsement of CEO CulpGeneral Electric Co shareholders offered their latest endorsement of new Chief E...
Lire la suite »
Gilead CEO insists federal government patent for HIV prevention pill Truvada is invalidDaniel O’Day testified before the House Oversight Committee, which called a hearing after The Washington Post reported that the government had opted against filing a patent infringement case on the drug’s use.
Lire la suite »
Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more.
Lire la suite »
Wells Fargo CEO search hobbled by pay limitations: sourcesWells Fargo & Co's hunt for a new CEO is being impeded by limits on how muc...
Lire la suite »
U.S. CEO group says rising U.S.-China tariffs could hurt economyBusiness Roundtable, a group of U.S. corporate chief executive officers, said on...
Lire la suite »