SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. protect their money better so that they can achieve financial independence and realize their ambitions from owning a home to saving for retirement, paying off their student loans, and more. Galileo has approximately 50 million accounts on its platform. With SoFi Invest this is not an issue, as all customers belong to SoFi Securities LLC and are covered by the US SIPC investor protection scheme. SoFi is a finance company that offers a range of lending and wealth management services. Non-GAAP Financial Measure and Related Information. MOHELA undertakes no responsibility for updating, adding or supplementing documents, data or reports provided on this website. Open an invest account today. Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of SCH’s securities, (ii) the risk that the transaction may not be completed by SCH’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SCH, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of SCH, the satisfaction of the minimum trust account amount following redemptions by SCH’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE Investment, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on SoFi’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of SoFi and potential difficulties in SoFi employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against SoFi or against SCH related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of SCH’s securities on a national securities exchange, (xi) the price of SCH’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which SCH plans to operate or SoFi operates, variations in operating performance across competitors, changes in laws and regulations affecting SCH’s or SoFi’s business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive industry. Active, Closed, Last funding round type (e.g. For those investors … Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia. To learn more about Social Capital Hedosophia Holdings, visit www.socialcapitalhedosophiaholdings.com. SoFi Automated Investing is aimed at younger, fee-conscious investors who may not have a lot of capital yet. INVESTOR PRESENTATION . SoFi has raised $2.2B in funding rounds from a top-tier syndicate of Silicon Valley venture capitalists and growth investors that includes Silver Lake Management, Softbank Capital, Third Point Ventures, Wellington Management, and Peter Thiel. SaaS, Android, Cloud Computing, Medical Device). The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and … Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by SCH through the website maintained by the SEC at www.sec.gov. We look forward to partnering with Anthony and his team as they help even more members to achieve financial independence.”. Social Finance, Inc. (“the Company” or “SoFi”), a leading next-generation financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company, to bring a major consumer-focused financial technology business to the public markets. Before making any voting decision, investors and security holders of SCH are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Anthony Noto, Chief Executive Officer of SoFi, said: “SoFi is on a mission to help people achieve financial independence to realize their ambitions. The documents filed by SCH with the SEC also may be obtained free of charge at SCH’s website at http://www.socialcapitalhedosophiaholdings.com/docse.html or upon written request to 317 University Ave, Suite 200, Palo Alto, California 94301. A list of the names of such directors and executive officers and information regarding their interests in the business combination will be contained in the proxy statement/prospectus when available. Management of SoFi and SCH will host an investor conference call on January 7, 2021 at 1 PM ET to discuss the proposed transaction and review an investor presentation. SoFi’s consumer and enterprise businesses are highly complementary, enabling SoFi to provide faster product innovation and speed of service to both SoFi members and the customers of Galileo’s clients. As with any SPAC, investors need to take these financial projections as just that. She pitched to 11 investors over five days, and walked away with … SoFi General Information Description. Forward-looking statements speak only as of the date they are made. You should check out SoFi’s official investor presentation which details not just their financials but also shows how they view financial services and SoFi’s role in it. SoFi is a finance company that offers a range of lending and wealth management services. Live Advisors: For investors who don’t want the option to connect with humans from time to time, SoFi … SAN FRANCISCO & PALO ALTO, Calif. Company Overview SoFi is a member-centric, one-stop shop for financial services, includi... SoFi, A Leading Next-Generation Financial Services Platform, to Become … SCH intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of SCH, referred to as a proxy statement/prospectus. They talk about … This press release references adjusted net revenue and adjusted EBITDA, which are financial measures that are not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). 2. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Additionally, the acceleration of cross-buying by existing SoFi members has created a virtuous cycle of compounding growth, diversified revenue and high profitability. With the secular acceleration in digital-first financial services offerings, SoFi is the only company providing a comprehensive solution all in one app. Connect with the definitive source for global and local news, https://event.on24.com/wcc/r/2952606/91A65736AA851D7C8A87FAB7D07BB896, http://www.socialcapitalhedosophiaholdings.com/docse.html, https://www.businesswire.com/news/home/20210107005746/en/. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and more. Previous SoFi investors include SoftBank Capital and Peter Thiel. For those investors who wish to participate, the conference call can be accessed by visiting https://event.on24.com/wcc/r/2952606/91A65736AA851D7C8A87FAB7D07BB896. Investor Conference Call Management of SoFi and SCH will host an investor conference call on January 7, 2021 at 1 PM ET to discuss the proposed transaction and review an investor presentation. September 2020. This feature is in beta and may change with future updates. Chamath Palihapitiya, Founder and CEO of Social Capital Hedosophia V, said: “SoFi’s innovative, member-first platform has demystified financial services for millions of Americans and simplified the process for those looking to apply for loans, invest their money, obtain insurance and refinance their debt, among many other tasks that were previously arcane and needlessly complicated. You may obtain free copies of these documents as described in the preceding paragraph. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Investor Information. In a presentation to prospective investors Thursday, San Francisco-based SoFi and Palihapitiya’s firm compared the lender to Apple Inc., Tesla Inc. and Amazon.com Inc., claiming that SoFi … Management uses forward-looking non-GAAP measures to evaluate SoFi’s projected financials and operating performance. Management of SoFi and SCH will host an investor conference call on January 7, 2021 at 1 PM ET to discuss the proposed transaction and review an investor presentation. We look forward to helping more people get their money right in the years to come.”. It is targeting a huge market. All references to available cash from the trust account and retained transaction proceeds are subject to any redemptions by the public shareholders of SCH and payment of transaction expenses. SoFi Pros: SoFi Cons No Management Fees: 0.0% of assets under management.Most other robo-advisors charge at least 0.25% of managed assets. NEW YORK, Jan. 11, 2021 /PRNewswire/ -- SoFi, A Leading Next-Generation Financial Services Platform, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia. Greetings, Wishing all of our readers a very happy and healthy new year! SoFi’s full suite of financial products offers members the speed, selection, content and convenience that only an integrated digital platform can provide and allows them to manage their financial lives in one application, all on their phone. Management of SoFi and SCH will host an investor conference call on January 7, 2021 at 1 PM ET to discuss the proposed transaction and review an investor presentation. The transaction values the Company at an equity value of $8.65 billion post-money. Tax Optimization: Unlike other top robo-advisors, SoFi doesn’t offer tax-loss harvesting. SoFi’s consumer offering is augmented by its ownership and independent operation of Galileo, one of the leading providers of critical technology infrastructure services, including customer-facing and back-end capabilities, to fast-growing financial services providers. The SIPC investor protection scheme protects against the … These non-GAAP financial measures do not have a standardized meaning, and the definition of adjusted net revenue and adjusted EBITDA used by SoFi may be different from other, similarly named non-GAAP measures used by others. SCH also will file other documents regarding the proposed transaction with the SEC. SoFi is a finance company that offers a range of lending and wealth management services. Confidential. Currently, all major banks have a digital platform, but SoFI was built from the ground up to dominate this shift into a digital bank. SoFi also received a previous anchor investment from funds and accounts advised by T. Rowe Price Associates, Inc. A proxy statement/prospectus will be sent to all SCH shareholders. T his presentation is for information purposes only and is being provided to you solely in your capacity as a potential investor in considering an investment in Social Capital and may not be re produced or redistributed, in whole or in part, without the prior written consent of Social Capital and SoFi. This press release relates to a proposed transaction between SoFi and SCH. If SoFi obtains final regulatory approval to own a bank, it would have a lower cost of funds to further support SoFi’s growth. SoFi received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter in October 2020. The combination is further supported by a $1.2 billion PIPE at $10 per share led by Chamath Palihapitiya, Founder and CEO of SCH, and Hedosophia, with commitments from funds and accounts managed by BlackRock, Altimeter Capital Management, Baron Capital Group, Coatue Management, Durable Capital Partners LP, and Healthcare of Ontario Pension Plan (HOOPP). Certain forward-looking non-GAAP measures are presented without corresponding GAAP reconciliations due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. SCH and SoFi and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from SCH’s shareholders in connection with the proposed transaction. Attached as Exhibit 99.2, Exhibit 99.3 and Exhibit 99.4 and incorporated herein by reference are the investor presentations dated January 6, 2021, for use by SCH in meetings with certain of its shareholders as well as other persons with respect to SCH's proposed transaction with SoFi… For more information, visit www.SoFi.com or download our iOS and Android apps. Source: IPOE/SoFi presentation . The Company’s world-class management team, led by CEO Anthony Noto, will continue to lead SoFi following the transaction. SoFi has experienced rapid acceleration with this strategy and has achieved six consecutive quarters of year-over-year member growth. Venture Capital Funded Companies (Top 10K), Non-equity Assistance Investors Entrepreneurship Programs. The new investments and our partnership with Social Capital Hedosophia signify the confidence in our strategy, the momentum in our business, as well as the significant growth opportunity ahead of us. The transaction, which has been unanimously approved by SCH’s board of directors and the independent directors of SoFi’s board of directors, is expected to close in the first quarter of 2021, and is subject to approval by SCH’s shareholders and other customary closing conditions, including any applicable regulatory approvals. 333-248915 and 333-249396), the registration statement on Form S-4 discussed above and other documents filed by SCH from time to time with the SEC. SoFi helps people achieve financial independence to realize their ambitions. Lots of news to kick off 2021 – SoFi looking to go public via SPAC; OCC’s groundbreaking guidelines on … For those investors who wish … Investor Conference Call Management of SoFi and SCH will host an investor conference call on January 7, 2021 at 1 PM ET to discuss the proposed transaction and review an investor presentation. The foregoing list of factors is not exhaustive. Armed with a 25-slide presentation, 28-year-old CEO Mathilde Collin earned her company, Front, $66 million in Series B funding. It also stresses that Bakkt will handle a host of … Our products for borrowing, saving, spending, investing and protecting give our over 1.8 million members fast access to tools to get their money right. Seed, Series A, Private Equity), Alternate or previous names for the organization, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, This describes the type of investor this organization is (e.g. The presentation stresses that Bakkt is backed by major companies, a plus for public investors who might still be skittish about bitcoin. Our ecosystem of products, rewards and membership benefits all work together to help our members get their money right. For those investors … San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The transaction is expected to deliver up to $2.4 billion of gross proceeds to the combined company, including the contribution of up to $805 million of cash held in SCH’s trust account from its initial public offering in October 2020. Connaught acted as financial advisor, Credit Suisse acted as financial advisor, capital markets advisor and placement agent, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SCH. Investors are inclined towards startups that seek to generate revenues … With SoFi Invest you can start investing in your favorite companies for as little as $1. 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