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Tag: SoFi
Online lender SoFi to go public with a $8.7 billion valuation
Social Finance, the online lender known as SoFi that gained popularity by refinancing student loans, agreed to go public by merging with a special purpose acquisition company in a transaction that values the upstart at around $8.7 billion. The deal between the 9-year-old San Francisco-based lender and Social Capital Hedosophia Holdings Corp. V, a blank-check […]
The cashless economy: How fintech is approaching the future of finance
Subscribe to The Ledger for expert weekly analysis on fintech’s big stories, delivered free to your inbox. Cashless payments were on the rise before the pandemic hit, and now, eight months into its grip on the U.S., their use is accelerating even faster. This was the topic of conversation at Fortune’s latest Brainstorm Finance panel […]
SoFi Has green light to Be a Federal Lender
Even the U.S. Office of the Comptroller of the Currency (OCC) has given conditional approval to financing and fintech business SoFi to be given a federal bank chartera deadline which will enable it to get deposits and make loans by itself. Presently, SoFi permits the Transport from a different bank to offer the legal backstop because […]