You’ve probably heard the stats about the gender pay gap in America: Women today earn $0.81 for every dollar that men do—which, over the course of a career, can means hundreds of thousands of lost wages.

Here at SoFi, we want to do everything we can to help you attain everything you’re entitled to. Sometimes, that means researching your market value and asking your employer for more. Other times, it might mean looking for a new role, with higher pay and more opportunity for advancement.

But there’s something else you can do to close the gender wage gap—something that might be even more powerful.

SAN FRANCISCO, Calif. – April 9, 2018 – SoFi today announced the appointment of Michelle Gill as Chief Financial Officer, effective April 30.

“We’re thrilled to have Michelle join the SoFi team. She has deep financial expertise, a passion for our mission, and knows our business in and out having been our lead banker for several years,” said Anthony Noto, CEO of SoFi. “Michelle is also an exceptional leader who has a passion for building a great culture. I look forward to partnering with her as we continue to build the next great consumer financial services company.”

Gill joins SoFi from TPG Sixth Street Partners. Previously, she spent 14 years at Goldman Sachs & Co., where most recently she was a Partner co-heading the Structured Finance business. Gill received her JD from Cornell Law School and her BA from the University of California at Los Angeles.

“I am excited to be joining Anthony and the team at SoFi in building an innovative and inclusive culture that will radically change the way people approach their finances,” said Gill. “The company’s impressive financial strength paired with its talented team gives SoFi the opportunity to expand the breadth of its offerings and ultimately help more members achieve success.”

Gill replaces Interim CFO Steven Freiberg, who assumed the role in May 2017. Freiberg also serves as vice chairman of SoFi’s Board of Directors and will remain in that role.

SoFi closed 2017 having reached new milestones across its business, cracking $25 billion in funded loans since inception and over 430,000 members. The company completed $2.6 billion in loan securitizations in the first quarter of 2018, a 35% increase over the prior-year period and its largest-ever quarterly ABS issuance volume.

About SoFi
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

Contact
SoFi PR
[email protected]

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SoFi Members to Receive Complimentary Access to KF Assessments, Resume Reviews, Coaching, and More

SAN FRANCISCO and LOS ANGELES, Calif. — April 6, 2018 — SoFi and Korn Ferry (NYSE: KFY) today announced a partnership bringing access to the KF Advance career development platform to all of SoFi’s nearly-half a million members free of charge. This partnership marks the first time a financial services company has offered KF Advance to its customers.

“At SoFi, we’re focused on how we can help our members get ahead financially, and a huge piece of that is career success and satisfaction,” said VP of Membership at SoFi, Libby Leffler. “While we already conduct over 1,000 career counseling sessions in-house per quarter, this collaboration will allow us to deepen the career guidance we’re able to offer and increase the number of members we’re able to help.”

SoFi Career Solutions powered by KF Advance offers online assessments, resume review, career coaching, and other services that leverage Korn Ferry’s vast IP and their more than 70 years of consulting expertise. Through KF Advance, job seekers find the expertise they need and the encouragement they desire to find the career path that will bring them more purpose and passion and elevate their performance through features including resume-parsing technology and personalized strengths assessments.

SoFi and Korn Ferry piloted the offering in the first quarter of 2018, with over 350 SoFi members receiving complimentary access to the KF Advance platform. Pilot participants reported an aggregate 96% satisfaction rate in post-access surveys, suggesting both strong demand and enthusiasm for the platform.

“Following an incredibly successful pilot period with SoFi, we’re proud to be formalizing this partnership,” said Bryan Ackermann, Korn Ferry’s Senior Vice President and Chief Information Officer. “We’re excited to see the difference we’re able to make in each individual’s life.”

SoFi members can access the KF Advance benefits including career coaching, resume review, and personal branding guidance by visiting the dedicated SoFi powered by KF Advance site at https://kfadvance.com/sofi/.

About SoFi
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

About Korn Ferry
Korn Ferry is a global organizational consulting firm. The firm helps companies design their organization – the structure, the roles and responsibilities, as well as how they compensate, develop and motivate their people. As importantly, Korn Ferry helps organizations select and hire the talent they need to execute their strategy. The firm’s approximately 7,000 colleagues serve clients in more than 50 countries.

Contact
SoFi PR
[email protected]

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Studies show millennial women have enormous power—when it comes to spending, that is. But what about when it comes to building wealth, like saving and investing toward the future? To figure that out, SoFi teamed up with Levo to survey 2,050 millennial women on their behaviors and motivations around financial habits, with intriguing results.

Millennials get a bad rap when it comes to personal finance. They’re often labeled as unprepared for the future or emergencies because they don’t save enough, if anything at all. However, of the women surveyed, 53% have an emergency savings fund set aside (covering three to six-plus months of housing and necessities). And they don’t just keep their money under the bed: 70% review their bank accounts at least once a week. These findings indicate millennial women are much more financially responsible than they’re given credit for, in that they are savers and have cash flow to invest.