SoFi reportedly in talks with Qatar for $500 million in funding


Expected to close this week, the deal would value the company at an amount similar to the $4.3 billion valuation of its 2017 funding round.


Can blockchain cut down closing costs?


Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction.


SoFi reboots its mortgage business with new name, updated processes


The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes.


What's driving these fintech companies' deposit grab?


Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks.


Ex-SoFi CEO's new blockchain startup is getting into banking


Mike Cagney, the former embattled chief executive of Social Finance, has a new startup that plans to announce a $65 million funding round on Wednesday, bolstering the lending company's expansion into other financial services, including wealth management.


GM joins Spring Labs' ID verification blockchain


The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.


Is customer information safer with a blockchain database?


Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.


Fintechs look to fill void in private student lending left by banks


Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.


SoFi is said to cut 7% of staff, revamp ailing mortgage unit


Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.


Prosper branches out, shifts strategy as it launches second product


The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.