Launched in 2011, SoFi is a San Francisco-based financial technology (fintech) startup that raised $1 billion in 2015 and has financed $10 billion in loans. SoFi’s core software engineering team is based in Helena. Directors of Engineering David Thompson and Matt Conroy plan to grow their Montana team to 100+ developers.
Location: Helena and San Francisco
Industry: Financial Technology
Employees: 587 across the company, 82 in Helena (and expanding!)
Mike Cagney, co-founder and CEO
Matt Conroy and David Thompson are the Directors of Engineering for SoFi, Inc. They helped the initial team to get SoFi up and running in Montana as well as a more recent office in Salt Lake City that is continuing to grow.
June Ou, VP of Engineering, is located in SoFi’s San Francisco office.
“Montana is such a great place to live with so much to do no matter what your interests are…Helena really portrays what Montana has to offer, and its central location is perfect for exploring the state; you can drive an hour or so and visit a new city, enjoy nature in the mountains, or even explore an old ghost town…There is a strong sense of family and community, which is great to be a part of.”
– Megan Smith, Human Resources Manager, SoFi
How did SoFi get started?
SoFi was founded in 2011 by a team of Stanford Graduate School of Business (GSB) students who recognized that traditional banking institutions left certain population segments, especially young professionals, underserved. Mike Cagney, co-founder and CEO, knew there was a problem with financial services and wanted to fix it by creating a model that didn’t revolve around high fees and poor customer service.Our model initially connected alumni and institutional capital directly with alumni borrowers – by leveraging the interest fellow alumni have in seeing graduates of their alma mater be successful, the founders hoped SoFi could provide more affordable options for those taking on debt to fund their education. SoFi has since moved away from an alumni-funded model to a nontraditional underwriting approach focused on lending to financially responsible individuals, and has surpassed more than $10 Billion in loans funded across its products: student loan refinancing, mortgages and personal loans.
What does your company do?
SoFi is a new kind of finance company taking a radical approach to lending and wealth management. 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.Our current product offerings include student loan refinancing, mortgages, personal loan and mortgages, and our members benefit from great additional free services like access to our career strategy team, free member events around the country and an entrepreneur program.
Who are your customers?
Who do you hire?
What is special about your company?
What are your plans for the future?
What do you like about Montana? Your community?
Please check out all SoFi has to offer at Sofi.com.
And if you’re looking for an exciting career move, check out Helena’s open positions:
SoFi Plans to Offer Life Insurance by End of Year (Bloomberg Technology)
Online Lender SoFi’s Bond Deal Receives Highest Moody’s Rating (The Wall Street Journal)
SoFi’s Joanne Bradford: ‘Money is the last taboo subject’ (The Digiday Podcast)
About the Publisher: The Montana High Tech Business Alliance is a statewide membership organization made up of more than 300 high tech and manufacturing firms and affiliates. Search for Montana career opportunities at MTHighTech.org/jobs.