SoFi
TOP 10
SoFi
$ 3bn
With US $ 3bn in total funding across 19 rounds , SoFi is the world ’ s mostbacked fintech lender . Offering a range of lending and wealth management services , from student and auto loan refinancing to mortgages and credit cards , SoFi sits on top of the Silicon Valley fintech lender pile . Founded by four Stanford graduates in 2011 , the lender ’ s inaugural loan programme was a pilot at Stanford – which saw 40 of the university ’ s alumni loan US $ 2m to 100 students , for an average of US $ 20,000 per pupil .
The success of the programme led to SoFi ’ S first bout of funding a year later , raising US $ 77.2m in a round led by Baseline Ventures . This funding was blown out of the water in 2013 , when SoFi announced it had raised US $ 500m in debt and equity to expand its funding capabilities for refinancing student loans .
Most recently valued at US $ 4.58bn , SoFi sits top of the pile in our list of Top 10 fintech lenders . fintechmagazine . com 147