# Social Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/social-finance

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.sofi.com
- Total disclosed funding: $3.1B
- Latest round: Series H (May 14, 2020)
- Investors on record: 25

## About

Based in California, US, and founded in 2011, Social Finance, Inc. provides financial services such as credit cards, expense trackers, investments, student loan financing, home loans, personal loans, and business financing. The company was founded by Stanford business school students. As of January 2020, Social Finance, Inc. serves one million members. In 2021, Social Finance, Inc. agreed to become publicly traded via a merger with Social Capital Hedosophia Holdings Corp. V, a special purpose acquisition company.

The company works with individuals and businesses by offering them financial services such as loans, investments, expense management, and capital financing. Loan services include student loan refinancing, private student loans, personal loans, and home loans. The investment application allows users to browse and fund businesses online using cryptocurrency. Spend solutions include expense management that helps users to track and monitor their expenses and credit cards that allow users to earn cashback. Capital financing helps small businesses to apply for a loan.

The company generates revenue by offering financial products and services such as student loans, home loans, personal loans, investment solutions, expense management solutions, and capital financing.

## Funding rounds

- Series H, May 14, 2020, $814M — Accel
- Series H, May 28, 2019, $539M — Granite Asia, Qatar Investment Authority, Pegasus Tech Ventures
- Series G, Mar 6, 2017, $403M — Silver Lake, DCM, Third Point, SoftBank Group, Manhattan Venture Partners, GPI Capital, RSC Capital
- Series F, Sep 25, 2015, $1B — Institutional Venture Partners, DCM, Wellington Management, Third Point, Grail Partners, Baseline Ventures, SoftBank Group, Renren Inc., NEXT Investors
- Series E, Feb 2, 2015, $213M — Institutional Venture Partners, Wellington Management, Third Point, RPM Ventures, Goldman Sachs Asset Management, Lakestar, SharesPost, NEXT Investors
- Series D, Mar 25, 2014, $80M — DCM, Discovery Capital Management, Baseline Ventures, Renren Inc., Wicklow Capital
- Series B, Sep 12, 2012, $77M — DCM, Baseline Ventures, Renren Inc.
- Series A, Oct 31, 2011, $4.1M — RPM Ventures, Baseline Ventures, Ulu Ventures, Innovation Endeavors

## Investors

- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Series A, Series E
- Baseline Ventures (https://capitalatlas.ai/funds/baseline-ventures) — Series A, Series B, Series D, Series F
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Series A
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series D, Series F, Series G
- Renren Inc. — Series B, Series D, Series F
- Discovery Capital Management (https://capitalatlas.ai/funds/discovery-capital-management) — Series D
- Wicklow Capital — Series D
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series E, Series F
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series E, Series F
- Third Point (https://capitalatlas.ai/funds/third-point) — Series E, Series F, Series G
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series E
- SharesPost — Series E
- NEXT Investors (https://capitalatlas.ai/funds/next-investors) — Series E, Series F
- Grail Partners (https://capitalatlas.ai/funds/grail-partners) — Series F
- SoftBank Group — Series F, Series G
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series G
- Manhattan Venture Partners (https://capitalatlas.ai/funds/manhattan-venture-partners) — Series G
- GPI Capital (https://capitalatlas.ai/funds/gpi-capital) — Series G
- RSC Capital (https://capitalatlas.ai/funds/rsc-capital) — Series G
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series H
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series H
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series H
- Accel (https://capitalatlas.ai/funds/accel) — Series H