View the latest ETF prices and news for better ETF investing. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. [14][15] By March 2015, the company was offering mortgages in more than 20 states, up from its initial launch that included under ten states in October, 2014. The company sought to minimize defaults by focusing on low-risk students and graduates. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. The card is being released to limited batches of SoFi members, and interested individuals can join their waitlist. Copyright © 2021 MarketWatch, Inc. All rights reserved. This browser is no longer supported at MarketWatch. [22] As of October 2016, SoFi has funded more than $12 billion in total loan volume and has 175,000 members. [41] Investors received a financial return and borrowers received rates lower than the federal government offered. Social Finance, Inc. (commonly known as SoFi) is an American online personal finance company. SOFI stock quote, chart and news. Finance that “an IPO is not a priority at this point.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. [6], On October 2, 2013, SoFi announced that it had raised $500 million in debt and equity to fund and refinance student loans. Tidal ETF Trust - SoFi Weekly Income ETF. SoFi Select 500 ETF's stock was trading at $9.63 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Search for SoFi. [27][28] In April 2018, SoFi announced that Michelle Gil, who previously worked at TPG and Goldman Sachs, was joining the company as Chief Financial Officer. [55][56] The product has been compared in the media to Samsung's version of Apple Pay. [4][5] Additional investors included Ron Suber. SoFi helps members take control of their finances. To celebrate its $2 billion milestone, SoFi announced a contest, #2BillionTogether, to pay off one of its members student loans. SoFi announced in late 2020 that it was launching its first-ever credit card, which intends to incentivize healthy financial habits. [38], SoFi announced they will be merging with a SPAC in order to go public at a $9 billion dollar valuation at the end of the first quarter of 2021. For financial reporting, their fiscal year ends on December 31st. With over $6 billion dollars in loans issued, SoFi has become one of the largest marketplace lenders. [57][58], Available to anyone who registers a free SoFi account is SoFi Relay. In 2018 SoFi introduced commission and fee-free trades of stocks and exchange-traded funds. SoFi Releases SoFi Gig Economy ETF (GIGE) and SoFi 50 ETF (SFYF) May 08, 2019. Find the latest SoFi Next 500 ETF (SFYX) stock quote, history, news and other vital information to help you with your stock trading and investing. Privacy Notice, and They also offer cash management (checking) accounts and an investment platform that includes brokerage and robo-advisor services. For this pilot, 40 alumni invested an average of $20,000 to 100 students. The company primarily caters to recent graduates and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and other products. Historical and current end-of-day data provided by FACTSET. [13], In February 2015, the company announced a $200 million funding round led by Third Point Management. TGIF 103.93 0.06 (0.06%). There are currently no items in this Watchlist. Stock symbol; Regulations. Get SoFi Select 500 ETF (SFY:NYSE Arca) real-time stock quotes, news and financial information from CNBC. [32], In May 2019, SoFi closed $500 million in a single funding round led by Qatar Investment Authority. [45] They continue to maintain a policy of no fees for their loans, aside from the interest. Stock Futures Creep Higher as D.C. Grows Quiet After Week of Bombshells. By Keris Alison Lahiff. Actively-Managed GIGE Offers Exposure to the Fast-Growing "Gig Economy"; SFYF Provides Targeted Exposure to 50 Growing U.S. Large-Cap Companies . [18] In September 2015, Former SEC Chairman Arthur Levitt was added as an advisor. That same month, the company officially began offering personal loans. [53] In October 2020, it was reported that SoFi had received approval from the OCC to obtain a United States banking license, with a spokesperson from the company stating they "look forward to continuing to work with the OCC on the next steps of the application process, along with the Fed and FDIC."[54]. SoFi is an online lender offering personal loans, mortgages, and student loan refinancing, as well as newer products and services like stock trading, a robo-advisor, and a credit card. Seeking Alpha's authors provide a stock rating for Social Finance (SOFI). Close: 27.806: High: 28: Low: 27.82: Volume: 6,123: Market Cap: 54M: SFYF was created on 05/08/19 by Toroso Investments. Cookie Notice. Find the stock by name or ticker symbol. [47] Services offered also include traditional IRA, Roth IRA, and SEP IRA retirement accounts. Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index. SoFi Stock. Personal loans, student loans, home loans, and loan refinancing are all part of SoFi's lending services. [51] Cryptocurrency transactions are one of SoFi's only products that have fees, currently set at a 1.25% markup. Log in to see them here or sign up to get started. The Fund seeks to track the performance, before fees and expenses, of the Solactive SoFi US 50 Growth Index. STOCKS. Mobile apps. [26] Announced January 23, 2018, Anthony Noto resigned from his position as COO of Twitter, to become the CEO of Social Finance. [7] The $151 million in debt includes a $60 million line of credit from Morgan Stanley, and a $41 million line of credit from Bancorp. Find the stock by name or ticker symbol. In the 2020’s third quarter, approximately $200 million net worth is being delivered by SoFi. Once you find the security you are looking for you can click on the name or symbol to get to the trade screen. [20], In May 2016, SoFi became the first startup online lender to receive a triple-A rating from Moody's. World leaders welcome Biden, eager for improved relations, Tesla Just Got a Price Bump Worth Two Toyotas. ‘Just because we’re undocumented does not mean we’re worth less than other people’: Will undocumented immigrants get COVID-19 vaccines? ... SoFi Invest is now available to everyone in the app,” he added. Note: SoFi ETFs may be sold through SoFi Securities, LLC which is a subsidiary of Social Finance, Inc. Social Finance, Inc., is the sponsor of the SoFi ETFs. Get 's stock price today. Stock Symbol Also known as a ticker symbol, this short abbreviation helps traders identify stocks from various companies. About SoFi. [48], In February 2019, SoFi announced they'd be partnering with Coinbase to offer cryptocurrency trading. [30] In February 2019, the FTC announced its approval of the final consent order under which SoFI is prohibited from misrepresenting to consumers how much money consumers will save or have saved using its products and from making any claims about any such savings unless the claims are backed up with reliable evidence. On January 19 at 4 p.m. ... (magnifying glass) to search for a security by symbol or by company name, or click on a security from your watchlist. SFYF | A complete SoFi 50 ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing. SFYF was created on 05/08/19 by Toroso Investments. What Lies Ahead for the Soaring Tesla ETFs in Q2 Earnings? Subscriber Agreement & Terms of Use, [1][2][3], In September 2012, SoFi raised $77.2 million, led by Baseline Ventures, with participation from DCM and Renren. To provide further support for the improvement of the SoFi, one of the most beneficial things would be to have your bank. [12], In April 2014, SoFi raised $80 million in a Series C round led by Discovery Capital Management with participation from Peter Thiel, Wicklow Capital, and existing investors. Company profile page for Sofi Lending Corp including stock price, company news, press releases, executives, board members, and contact information SoFi plans to offer new lending products and move into stock trading Anthony Noto, shown in 2017, is CEO of Social Finance. SoFi 50 ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "SFYF." Social Finance (SoFi), operates a marketplace lending platform and is the largest provider of student loan refinancing, offering student loan refinancing, mortgages, mortgage refinancing, and … [52], SoFi currently offers an online cash management account that acts as a hybrid checking/savings account. Shares of SFYF can be purchased through any online brokerage account. In July 2020, SoFi announced a partnership with Samsung Pay to launch Samsung Money by SoFi, a cash management checking/savings accounts, with a digital and physical debit card. The comptroller of the currency office of the United States approved Sofi Stock Symbol in October 2020 for a national charter bank. It’s time to start trading stocks and ETFs. [46] SoFi Wealth has $202,928,981 under management as of September 2020. Intraday data delayed at least 15 minutes or per exchange requirements. No Gimmick Here As SoFi Extends No Fee Waiver On 2 ETFs For Another Year. A mobile-first service based in San Francisco, SoFi provides a suite of financial products that includes student loan refinancing, mortgages, personal loans, credit card, investing and banking through both their mobile app and desktop interfaces. [35], In April 2020, SoFi acquired Salt Lake City payments firm Galileo for $1.2 billion in stock and cash,[36][37] and Hong Kong-based investment app 8 Securities. [29], In October 2018, SoFi settled FTC charges, agreeing to stop making false claims about savings from student loan refinancing. This total funding amount came from $90 million in equity, $151 million in debt, and $200 million in bank participations, with the remaining capital from alumni and community investors. SoFi Invest (Brokerage Account) receive $50 stock bonus after account opening and initial $100 deposit! [24][25], On September 11, 2017, Chief Executive Mike Cagney announced he would resign by the end of year due to allegations of sexual harassment and skirting risk and compliance controls. Research its history to confirm it's a solid investment against your financial goals. NYSEArca Updated Jan 8, 2021 9:00 PM ... Stock quotes supplied by … Active in 1 market(s) SoFi ownership, investors, and shareholders. [42], As SoFi's product offerings expanded to include mortgages, mortgage refinancing and personal loans, the company moved away from an alumni-funded model to a non-traditional underwriting approach focused on lending to financially responsible individuals. But first, you’ll need to open a SoFi active invest account. Buy immediately with a market order or use a limit order to delay your purchase until SoFi reaches your desired price. May 19, 2017 7:39 AM EDT. The founders hoped SoFi could provide more affordable options for those taking on debt to fund their education. They achieve FDIC insurance through their partner banks: MetaBank, Hills Bank and Trust Company, EagleBank, East West Bank, Tristate Bank Capital Bank, and Wells Fargo. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. [21] In September 2016, SoFi launched SoFi at Work, an employee benefit program to reduce student debt and build financial wellness, and announced it has more than 600 corporate partners. [34] The deal, which is worth $30 million annually, is a record for any naming rights for a sports venue. Purchase now or later. SoFi Securities LLC, does not endorse or recommend the purchase of any SoFi ETFs. How do I buy/sell a stock? Sofi Securities Llc is a broker-dealer registered with the U.S. Security and Exchange Commission and incorporated in the state of New York. From getting out of high-interest debt to managing your wealth, we are here to help you get your money right. The ETF tracks an index of 50 US listed stocks most widely held in self-directed brokerage accounts of SoFi Securities based on highest weighted average value. Black Americans are dying from COVID-19 at higher rates than others — but they are also getting vaccinated at lower rates, 6 Stocks to Buy for the Next Oil-Price Surge, China clamps down on travel during Lunar New Year holiday, There is Light at the End of the Tunnel For Carnival Stock, ETFs to Surge as Tesla Turns to Profit, Secures S&P 500 Entry. [44] With over $6 billion dollars in loans issued, SoFi has become one of the largest marketplace lenders. Ratings range from 'Very Bullish' to 'Very Bearish'. For the best MarketWatch.com experience, please update to a modern browser. [1] The company's inaugural loan program was a $2 million pilot at Stanford. All quotes are in local exchange time. Something went wrong while loading Watchlist. Personal loans, student loans, home loans, and loan refinancing are all part of SoFi's lending services. The firm also raised a $1 billion round of investment from SoftBank[19] and said it had funded $4 billion in loans. The service allows users to track their money in bank, credit card, investment, and loan balances and transactions through a single user interface, as well as set financial goals. The limit is usually one to five characters, made up of letters and numbers, and is often tied closely to the company’s own name—AAPL for Apple, for instance, or … [23] In February 2017, it was announced that Social Finance Inc. raised an additional $500 million from an investor group led by Silver Lake, and also including SoftBank, to help support global expansion. ", "SoftBank Makes $1 Billion Fintech Bet With SoFi Investment", "A startup out to displace Wall Street banks just hired ex-SEC chairman Arthur Levitt", "Online Lender SoFi's Bond Deal Receives Highest Moody's Rating", "Student loan help could be coming to your job soon", "SoFi Raises $500 Million for Global Expansion", "Chief Executive of Social Finance, an Online Lending Start-Up, to Step Down", "SoFi Offers CEO Spot to Twitter Executive Anthony Noto", "Top Twitter executive departs, putting pressure on Jack Dorsey", "SoFi Names Michelle Gill Chief Financial Officer | SoFi", "Online Student Loan Refinance Company SoFi Settles FTC Charges, Agrees to Stop Making False Claims About Loan Refinancing Savings", "FTC finalizes settlement with student loan refinancer SoFi over deceptive advertising", "Online lender SoFi has quietly raised $500 million in funding, led by Qatar", "Rams and Chargers future home now has a name: SoFi Stadium", "Billionaire Kroenke Gets Record Naming Rights Fee From SoFi", "SoFi Is Buying Payments Company Galileo For $1.2 Billion", "SoFi to acquire payment software company Galileo for $1.2 billion", "SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities", "SoFi to go public via SPAC backed by billionaire investor Chamath Palihapitiya", "Fintech start-up SoFi to go public via SPAC backed by Chamath Palihapitiya", "A new way to crowdsource your student loans", "Harvard Graduates Targeted by Alumni-Backed Loan Funds", "5 Reasons New Lenders Are Ignoring FICO Credit Scores", "SoFi Closes On $80 Million To Expand Its Lending Business", "SoFi Surpasses $6 Billion in Funded Loans, Bolsters Leadership Team", "SoFi: All-in-one investing that's easy to use", "SoFi to launch cryptocurrency trading in partnership with Coinbase", "SoFi Introduces Crypto Trading With SoFi Invest", "Q: Where can I trade crypto with SoFi Invest?