SoFi Blog

SoFi Co-founder and CEO Mike Cagney sent the following note to employees today:

TO: SoFi team
FROM: Mike
SUBJECT: Litigation and our culture

Team — SoFi is based on the values of speed, transparency and alignment. To that end, I have some thoughts to share with you related to the two lawsuits filed earlier this month.

Protecting your personal information is one of SoFi’s top priorities, which is why we are excited to introduce two-step verification (aka two-factor authentication or 2FA) for your SoFi account. 2FA provides an additional layer of security to help protect your account from unauthorized access.

Last year, we had the opportunity to help our members in their quest to tackle debt head on. The #WhyISoFi contest brought in an overwhelming response from our community. As stories of both success and setback poured in, one thing became clear: SoFi members aren’t just accomplishing goals to get ahead, they’re doing good and making a name for themselves in the process.

We have never been shy about SoFi’s ambitions to become the center of our member’s financial lives. Offering deposits, credit cards, and payment solutions is key to that ambition, and we think we can offer something better than incumbent players with the same kind of innovation we’ve brought to other areas of finance, like student loan refinancing, personal loans, and mortgages.

Today, we got a lot closer to being able to provide those products with the acquisition of Zenbanx, a Delaware-based company that offers a mobile banking account that lets people save, send and spend in multiple currencies.

Should you be expected to help pay off your spouse’s debt?

How much would you spend without feeling like you had to tell your significant other?

Who makes more money, and how does that affect your relationship?

At SoFi, we’re all about your success — in your finances, your career, even your relationships. And research shows that the #1 cause of relationship stress is… you guessed it… finances. That’s why we’re launching For Love & Money, our first Facebook Live event, where expert financial therapist Amanda Clayman helps couples be open and honest about dollars and cents.