With SoFi Invest you can start investing in your favorite companies for as little as $1. 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. 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. Management uses forward-looking non-GAAP measures to evaluate SoFi’s projected financials and operating performance. 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. Venture Capital Funded Companies (Top 10K), Non-equity Assistance Investors Entrepreneurship Programs. Anthony Noto, Chief Executive Officer of SoFi, said: “SoFi is on a mission to help people achieve financial independence to realize their ambitions. 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. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. 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. For those investors … SoFi is a finance company that offers a range of lending and wealth management services. 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. A proxy statement/prospectus will be sent to all SCH shareholders. 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’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. 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. 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”). SaaS, Android, Cloud Computing, Medical Device). SoFi General Information Description. 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. For those investors who wish to participate, the conference call can be accessed by visiting https://event.on24.com/wcc/r/2952606/91A65736AA851D7C8A87FAB7D07BB896. 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. September 2020. Social Capital Hedosophia Holdings is a partnership between the investment firms of Social Capital and Hedosophia. 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. Galileo has approximately 50 million accounts on its platform. 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. Armed with a 25-slide presentation, 28-year-old CEO Mathilde Collin earned her company, Front, $66 million in Series B funding. Existing SoFi shareholders will roll 100 percent of their equity into the combined company. For investors then, that means IPOE stock could represent the opportunity to get in on the ground floor of a fast-growing fintech. 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. 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). As with any SPAC, investors need to take these financial projections as just that. 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 … Tax Optimization: Unlike other top robo-advisors, SoFi doesn’t offer tax-loss harvesting. View source version on businesswire.com:https://www.businesswire.com/news/home/20210107005746/en/, +1.847.421.2093Social Capital Hedosophia:Media, firstname.lastname@example.orgemail@example.com, +1.917.344.9279 / +1.646.957.2279Jonathan Gasthalter / Carissa Felger, KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS FINANCE BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE DATA MANAGEMENT OTHER PROFESSIONAL SERVICES. The presentation stresses that Bakkt is backed by major companies, a plus for public investors who might still be skittish about bitcoin. In addition, such financial information is unaudited and does not conform to SEC Regulation S-X and, as a result, such information may be presented differently in future filings by the Company with the SEC. Open an invest account today. Investors are inclined towards startups that seek to generate revenues … 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 … 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. This press release relates to a proposed transaction between SoFi and SCH. Looking at SoFi’s investor presentation, we can see that they … This presentation (this “Presentation”) is provided for informational purposes only and has been prepared to assist interested parties in making … 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. 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. 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. 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 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. You can start a SoFi account with as little as a $1 investment. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and more. 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. SAN FRANCISCO & PALO ALTO, Calif.--(BUSINESS WIRE)--Jan 7, 2021--. SoFi is a member-centric, one-stop shop for financial services, including loan refinancing, mortgages, personal loans, credit cards, insurance, investing and deposit accounts, that has allowed more than 1.8 million members to borrow, save, spend, invest and protect their money since its inception. With the secular acceleration in digital-first financial services offerings, SoFi is the only company providing a comprehensive solution all in one app. INVESTOR PRESENTATION . It is targeting a huge market. 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… 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. For those investors … Readers are cautioned not to put undue reliance on forward-looking statements, and SoFi and SCH assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 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. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. Previous SoFi investors include SoftBank Capital and Peter Thiel. Additionally, the acceleration of cross-buying by existing SoFi members has created a virtuous cycle of compounding growth, diversified revenue and high profitability. She pitched to 11 investors over five days, and walked away with … SCH also will file other documents regarding the proposed transaction with the SEC. Active, Closed, Last funding round type (e.g. The Company’s world-class management team, led by CEO Anthony Noto, will continue to lead SoFi following the transaction. Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. SoFi helps people achieve financial independence to realize their ambitions. Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, Descriptive keyword for an Organization (e.g. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 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. If MOHELA does provide any updated, additional … 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. You may obtain free copies of these documents as described in the preceding paragraph. 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. This feature is in beta and may change with future updates. For more information, visit www.SoFi.com or download our iOS and Android apps. If SoFi obtains final regulatory approval to own a bank, it would have a lower cost of funds to further support SoFi’s growth. Citi and Goldman Sachs & Co. acted as financial advisor and placement agent, and Wachtell, Lipton, Rosen & Katz and Goodwin Procter LLP acted as legal advisors to SoFi. MOHELA undertakes no responsibility for updating, adding or supplementing documents, data or reports provided on this website. Currently, all major banks have a digital platform, but SoFI was built from the ground up to dominate this shift into a digital bank. For a detailed look at sofi you can view them on the InvestX Sofi … Concurrent with closing, $150 million of the transaction proceeds will be used for strategic secondary transactions that will help structure SoFi’s pro forma capitalization table in a way that is more conducive to obtaining an OCC national bank charter. The AP news staff was not involved in its creation. We look forward to helping more people get their money right in the years to come.”. SoFi Automated Investing is aimed at younger, fee-conscious investors who may not have a lot of capital yet. 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 SIPC investor protection scheme protects against the … 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. Lots of news to kick off 2021 – SoFi looking to go public via SPAC; OCC’s groundbreaking guidelines on … 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 is a finance company that offers a range of lending and wealth management services. 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. Our ecosystem of products, rewards and membership benefits all work together to help our members get their money right. Build confidence as an investor. This indicates that SoFi is seeing difficulties securing money from investors, which could justify its goal of going public this year. Angel, Fund of Funds, Venture Capital), The deadline for applying to the Accelerator Program, The duration of the Acceleration Program in number of weeks, General contact email for the organization. Non-GAAP Financial Measure and Related Information. The transaction values the Company at an equity value of $8.65 billion post-money. To learn more about Social Capital Hedosophia Holdings, visit www.socialcapitalhedosophiaholdings.com. SoFi is a finance company that offers a range of lending and wealth management services. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and … Forward-looking statements speak only as of the date they are made. They create modern financial products and services that help people borrow, save, spend, invest, and. Investor Information. They talk about … Press release content from Business Wire. 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. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Where the organization is headquartered (e.g. SoFi has experienced rapid acceleration with this strategy and has achieved six consecutive quarters of year-over-year member growth. For those investors who wish … This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between SoFi and SCH. SOURCE: Social Capital Hedosophia Holdings Corp. V and Social Finance, Inc. PUB: 01/07/2021 12:01 PM/DISC: 01/07/2021 12:01 PM, http://www.businesswire.com/news/home/20210107005746/en.
sofi investor presentation 2021