Social Finance Lands $2,000,000 New Financing

  • Feed Type
  • Date
    10/13/2011
  • Company Name
    Social Finance
  • Mailing Address
    220 Halleck Street San Francisco, CA 94129
  • Company Description
    Social Finance (SoFi) was founded in early 2011 by a team of Stanford GSB alumni who recognized that the current practices of student lending had become impractical in the face of a changing world and growing student demand. Recognizing the power of the social web and our connected world, SoFi aims to restore the historical norms of lending to help students meet their financial needs through alumni involvement.
  • Website
    http://www.sofi.org
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed