SoFi has positioned itself squarely within the millennial lexicon. We learned today that they announced a huge student loan securitization of just under $1B. The company, despite last year's controversial exit by its founder Mike Cagney, is doing well and firmly entrenching itself within the consumer and student loan markets. We even saw that they were a sponsor this year of the X Games Aspen 2018, an extreme sports event that features competitions in Ski, Snowboard, Snowmobile, Snow Bike and Moto, clearly positioned to the millennial market and in a good place with its pool of investors, which include A-listers like Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank and JPMorgan.
(Cindy Taylor/Publisher)
"SAN FRANCISCO
,Jan. 25, 2018
/PRNewswire/ -- SoFi announced today the closing of its$960.2 million
offering of SoFi Professional Loan Program 2018-A Notes (SoFi 2018-A). The offering reflects underlying collateral of more than$1 billion
in student loans and is SoFi's largest ever securitization, as well as the first by any fintech lender to reach the billion-dollar collateral mark.Source PRNewswire