Social Finance, Inc. (commonly known as SoFi) is an American online personal finance company that provides student loan refinancing, mortgages, personal loans, investing and banking.
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Social Finance, Inc. Details
Operating Status:Active
Business TypePrivate
HeadquartersSan Francisco, California, United States
Founded Date Aug 1st, 2011
Organization CEO Anthony Noto
FoundersMike Cagney, Dan Macklin, James Finnigan, Ian Brady
With OCC’s license, it will be easier for SoFi to become a national bank. However, the company still has to wait for formal approval from the Federal Deposit Insurance Corporation and the Federal Reserve.
FinTech startup SoFi that is popular for offering online student loan refinancing facilities says that acquiring the national banking charter will help it expand in other financial services areas and streamline its regulatory operations.
