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After launching their online lending platform focusing on student loans, SoFi is aggressively widening their scope to include other areas of finance. Customers can now source mortgages, personal loans and loan refinancing from SoFi, with wealth management set to launch soon.
As their services begin to mimic those of banks and asset managers, and SoFi has funded more than $7 billion in loans since their launch, they have also begun to increase hiring and recruitment of longtime financial executives. Along with closing $1 billion in funding September 2015, the firm announced the addition of former SEC Chairman ... (read more)