COMPANY INFO
SoFi Technologies, Inc. (SoFi) is an American personal finance and financial technology company founded in August 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. The company has approximately 5,000 employees as of 2024, operates in the personal finance, direct banking, and banking-as-a-service industries, and its website is sofi.com. SoFi provides a range of financial products and services including student loans, mortgages, personal loans, credit cards, investment services, and banking, and it is the largest online lender in the U.S. with 11 million customers as of 2025.
SoFi Technologies, Inc. is an American personal finance and financial technology company founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. Operating in the personal finance, direct banking, and credit services industry, SoFi has become the largest online lender in the U.S. as of 2025, serving over 11 million customers with approximately 5,000 employees. The company offers a diverse range of modern financial products, including student loans, mortgages, personal loans, credit cards, investment services, and full-service banking via its robust tech-powered platform.
When it comes to SoFi Technologies, Inc. funding, the company has built a reputation for attracting significant investor attention through strategically timed funding rounds. Since its inception, SoFi has secured $6.1 billion in total capital across 16 funding rounds, supporting everything from early product development to expansive market growth and public listing milestones. Early rounds focused on product launch and market entry, while later rounds were aimed at rapid scaling, financial services expansion, and technology infrastructure. Its funding strategy combines traditional venture capital, major institutional investors, and notable debt financing, culminating in a 2021 SPAC merger and subsequent post-IPO capital activity.
This post-IPO round was raised to ensure SoFi’s financial stability following its public listing, fueling strategic growth initiatives and continued expansion in fintech services.
This Series G funding round was used to bolster SoFi’s financial position leading up to its public debut and to support new product launches.
The capital raised in this round accelerated the expansion of SoFi’s financial services offerings and supported user growth across multiple verticals.
This Series F round provided additional resources for sustained growth and product development within SoFi’s expanding suite of financial services.
Secured from marquee investors, this round enabled growth into new markets, customer acquisition, and product line expansions.
This round supported SoFi's entry into additional markets and helped scale the lending platform.
SoFi’s largest private round, the $1 billion Series E, was crucial for major scaling and cemented its position as a fintech leader.
Used for broad scaling and platform enhancements, this Series D round attracted several top-tier venture firms.
This round fueled SoFi’s product development and aggressive early market growth.
Debt financing provided working capital and operational support during SoFi’s initial growth phases.
This facility offered additional operating runway as SoFi ramped up its lending business.
Early debt funding to finance operational scaling and expand loan origination capabilities.
Used for early business growth and technology platform development.
Debt capital for working capital and business operations during startup stages.
Earliest equity round to fund product launch and establish initial operations.
Initial capital for foundational product development, provided by RPM Ventures.
The sovereign wealth fund of Qatar, Qatar Investment Authority, played a vital role as a lead investor in SoFi’s growth rounds, supporting large-scale expansion and diversification in fintech offerings.
Renowned for backing transformative tech ventures, SoftBank Group contributed significantly to multiple late-stage rounds, including the historic $1B Series E, helping propel SoFi’s explosive scale.
A leading global technology investment firm, Silver Lake anchored SoFi’s Series F, fueling the company’s expansion and market push.
As a key institutional backer, PGIM’s involvement underscores confidence in SoFi’s digital banking and investment strategy.
Participating as a major technology investor, Coatue supported SoFi’s strategic direction toward integrated financial products.
Leading SoFi’s post-IPO investment, Schwab Asset Management has played a central role in bolstering the company’s financial stability on public markets.
GPI Capital’s investment provided crucial late-stage growth funding to support SoFi’s expansion into new business lines.
This early-stage and growth investor has participated in multiple SoFi funding rounds, supporting both foundational and scaling phases of the company.
Consistent backer from Series D onwards, Third Point Ventures has helped guide SoFi through major inflection points.
Another top-tier venture partner, Wellington has actively contributed to multiple growth rounds, strengthening SoFi’s capital base and strategic reach.
IVP’s involvement in successive rounds provided key growth capital and strategic support.
Backing SoFi from its earliest days, Baseline Ventures helped the company move from inception through breakout growth.
As an early and ongoing investor, DCM Ventures’ capital fueled technology development and market expansion.
Joining during SoFi’s Series C, Discovery Capital accelerated the company’s innovation and market footprint.
Investor in Series C, supporting early growth and technology development.
Provided early-stage debt financing, supporting SoFi’s operational and lending scalability.
Played a role in supplying working capital via debt funding as SoFi built out its core business.
Institutional debt investor, helping provide necessary credit facilities for early scale.
Investor in SoFi’s first equity rounds, supporting concept-to-market execution.
Backed SoFi in its inception, helping develop the initial lending and financial product platform.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching SoFi Technologies, Inc. funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.