SoFi, the second largest marketplace lender, today announced Joanne Bradford has joined the firm as Chief Operating Officer.  Bradford was most recently head of partnerships at Pinterest. She is a seasoned executive highly regarded for her experience driving growth at some of the country’s leading startups, Fortune 500 and media companies.  In her new role she will oversee the company’s consumer-facing functions including marketing, business development, partnerships, and member services.

Bradford joins SoFi, ranked as one of the Bay Area’s fastest growing fintech companies, at a pivotal time in its growth.  The firm has funded more than $3 billion in the past year across personal loans, mortgages and student loan refinancing. As SoFi moves closer toward its goal of becoming the primary financial services partner for members, it is on course to surpass $5 billion in total funded loans by year-end.

“I’m thrilled to add Joanne to SoFi’s executive team,” said Mike Cagney, SoFi CEO and co-founder. “Her track record leading high growth companies speaks for itself, and we look forward to her contributions as we accelerate our transformation of financial services.”

Bradford’s arrival signifies SoFi’s commitment to build out unique channels to market and an exceptional member experience.  Under Bradford’s leadership SoFi will:

— Invest heavily in its Member Success programs that provide a lifetime of valuable support and community. SoFi’s Career Strategy division, for example, has counseled more than 1,000 members and has helped more than 120 secure new jobs to date.

— Scale its partnerships with leading employers and member organizations. Currently, approximately one in four members are introduced to SoFi through these partnerships, and that figure is expected to significantly grow moving forward.

— Accelerate its marketing investment to extend reach and deepen engagement with members, its most powerful advocates. Currently, nearly half of SoFi’s new applicants have heard about the firm from friends, family, or colleagues.

“Like internet advertising, there is a huge first mover advantage in fintech,” said Bradford.  “SoFi is on the forefront of modern money, leading the way. I can’t imagine a better place to be.”

About SoFi 

SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $3 billion dollars in loans issued.  We’re transforming financial services for high achieving members with student loan refinancing, mortgages, mortgage refinancing, and personal loans.  Unlike traditional lenders, our proprietary underwriting approach takes into account merit and employment history to offer unique credit products our members won’t find elsewhere. We offer individual and institutional investors the ability to create positive social impact on the communities they care about while earning compelling rates of return.

This year, SoFi was the only marketplace lender recognized as a CNBC Disruptor 50 company; it also ranked on the Wall Street Journal’s Billion Dollar StartUp Club and Fortune’s Unicorn List.  For more information, visit SoFi.com.

San Francisco, CA July 29, 2015   SoFi, the nation’s second largest marketplace lender, today announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced it is the first fintech company to receive an “AAA” rating from DBRS and an “AA2” from Moody’s for the senior notes, which equaled $387.3 million.

“We’re thrilled to continue our history of firsts,” said Nino Fanlo, SoFi CFO/COO. “Last year we were the first marketplace lender to secure investment grade ratings from the leading agencies, and now we’re the first fintech company to receive a Triple A rating from DBRS.  It’s gratifying to see our investor base deepen, including twenty of the world’s leading and most highly regarded institutional investors. These ratings are further proof that we’re creating capital efficiency that strengthens the value of our products for our members,” he said.

In total, SoFi has completed six securitizations of refinanced student loans with a total value of more than $1.85 billion.  In the coming months, SoFi expects to broaden its securitization transactions into other asset classes, such as personal loans and mortgages, where its loan volume continues to grow.

SoFi completed its first rated securitization in 2013.  In 2014, SoFi became the first marketplace lender to secure investment grade ratings from S&P and Moody’s for senior notes in a securitization.

“More broadly, we believe we’ve led about two thirds of the total securitizations in the marketplace industry.  Looking ahead, we look forward to strengthening our leadership position and broadening the appeal of these transactions even further,” continued Fanlo.

About SoFi

SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $3 billion dollars in loans funded. Recently recognized by CNBC as a Disruptor 50, we’re transforming financial services for early stage professionals with student loan refinancing, mortgages, personal loans, and MBA loans.  Unlike traditional lenders, our proprietary underwriting approach takes into account merit and employment history to offer unique credit products our members won’t find elsewhere.  We offer individual and institutional investors the ability to create positive social impact on the communities they care about while earning compelling rates of return.  For more information, visit SoFi.com.

The securities priced today have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale would be unlawful.