SoFi

SoFi

Offers diverse personal finance solutions

About SoFi

Simplify's Rating
Why SoFi is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2011

Overview

Company Historically Provides H1B Sponsorship

SoFi provides a variety of financial services aimed at helping individuals manage their money effectively. Their offerings include home loans, personal loans, student loan refinancing, credit cards, and investment options. SoFi's platform is designed to be user-friendly and mobile-first, allowing members to easily access and utilize these services. The company differentiates itself from competitors by offering a comprehensive suite of financial products under one roof, along with educational resources to assist users in making informed financial decisions. SoFi's goal is to create a seamless experience for its members, encouraging them to engage with multiple services while fostering an inclusive environment.

Simplify Jobs

Simplify's Take

What believers are saying

  • SoFi secured $5 billion to expand its loan platform business.
  • The rise of embedded finance allows SoFi to reach new customer segments.
  • Increased demand for mobile-first services boosts SoFi's market potential.

What critics are saying

  • Increased competition from Galileo's deposit sweep product pressures SoFi's deposit services.
  • Volatility in the FinTech IPO Index may affect investor confidence in SoFi.
  • Rising popularity of debit cards challenges SoFi's credit card offerings.

What makes SoFi unique

  • SoFi offers a comprehensive suite of financial products under one platform.
  • The company leverages mobile-first technology to enhance user experience and accessibility.
  • SoFi's inclusive and innovative brand values align with sustainable investing trends.

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Funding

Total Funding

$8676.6M

Above

Industry Average

Funded Over

13 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

You’re taken care of. SoFi employees receive comprehensive health, vision, dental, life insurance, and disability benefits—as well as flexible time off, fitness, fertility, and family planning options.

Realize your ambitions. We want to help our employees achieve financial freedom, just like our members. That’s why we contribute $200 per month toward your student loans to help pay down your debt—plus free financial classes.

Never stop learning. We offer frequent training, mentorship opportunities, and leadership programs to develop our people. We also cover tuition costs for approved programs, up to $5,250 per year.

Growth & Insights and Company News

Headcount

6 month growth

-8%

1 year growth

-1%

2 year growth

0%
PYMNTS
Apr 11th, 2025
Fintech Ipo Index Surges Nearly 14%, Driven By Crypto And Bnpl Momentum

The majority of names in the FinTech IPO Index traded lower through a tumultuous five sessions of stock market activity that was dominated by tariffs. But, when you have a company whose shares spike more than 820%, that’s enough to move the whole group upward. That was the case this last week, as the overall Index surged 13.8%. Janover was the standout here, leaping a staggering 827%

Finsmes
Apr 9th, 2025
Why Your Credit Score Matters When Applying For A Loan

Have you ever wondered why lenders care so much about your credit score? If you’ve ever applied for a loan, you probably noticed how often your credit history came up. Whether you’re trying to get a personal loan, a car loan, or a mortgage, your credit score can make a big difference. It can affect your chances of approval, how much you’re allowed to borrow, and even the interest rate you receive.In this blog, we will share why your credit score matters and what you need to know before applying for a loan.Understanding What a Credit Score IsA credit score is a number that shows how likely you are to repay money you borrow. Most credit scores range from 300 to 850. The higher your number, the better your credit is considered. This number is based on your credit history, which includes things like how much debt you have, whether you pay bills on time, and how long you’ve had credit accounts.Three major credit bureaus in the U.S

PYMNTS
Apr 8th, 2025
Galileo Introduces Deposit Sweep Product For Fintechs

Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to customers whose balances exceed the FDIC insurance limit. The new Galileo Deposit Sweep facilitates the data exchange and reporting framework for FinTechs that collaborate with a deposit sweep provider and participating banks, the company said in a Tuesday (April 8) press release. The product identifies customer accounts designated for deposit sweeping, automates funds transfers above a defined threshold, and ensures the transfer of excess funds into designated high-yield accounts, according to the release

Finder
Mar 27th, 2025
Does SoFi(R) Have Zelle?

SoFi does work with Zelle.

PYMNTS
Mar 27th, 2025
Galileo Bets Big On Debit Rewards To Boost Loyalty Among Credit-Wary Consumers

About 90% of U.S. consumers have debit cards. Forty-six million consumers don’t have established credit histories — which means they don’t have credit cards. With the rising use of debit as a preferred payment method, brands are missing out on a chance to deepen their loyalty from these individuals. “Brands are starting to recognize there’s an opportunity — that when their members show up at a hotel or in stores, wherever they might be at the point of decision and at the point of purchase, they’re using debit,” Galileo Financial Technologies CEO Derek White told Karen Webster

Recently Posted Jobs

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Senior Manager - IT Operations

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Staff Software Engineer - Compute Services

Seattle, WA, USA + 2 more

Senior Compliance Advisor - Sofi Invest

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SoFi is Hiring for 126 Jobs on Simplify!

Find jobs on Simplify and start your career today

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We update SoFi's jobs every few hours, so check again soon! Browse all jobs →

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Senior Compliance Advisor - Sofi Invest

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See All Jobs

SoFi is Hiring for 126 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update SoFi's jobs every few hours, so check again soon! Browse all jobs →

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