As previously reported , online retailer SoFi raised $ 1bn in September , which was the single biggest financing round by any company in the fintech industry . Now , SoFi CEO , Mike Cagney , is pursuing a $ 30bn valuation . “ We have a strategy that we ’re working against , and it ’s around the idea that these are things , we think , [ will ] get us to a $ 30 billion profit , ” he said in a recent interview . He also hinted that SoFi was looking at other areas of financial services that might be ripe for growth : “ We ’re looking at the entire landscape of financial services , ” he told Business ##week . “ Like , corporate finance , for example . ”
As previously reported, online lender SoFi raised $1bn in September, which was the single biggest financing round by any company in the fintech industry. Now, SoFi CEO, Mike Cagney, is pursuing a $30bn valuation. “We have a path that we’re executing against, and it’s around the idea that these are things, we think, [will] get us to a $30 billion valuation,” he said in a recent interview. He also hinted that SoFi was looking at other areas of financial services that might be ripe for disruption: “We’re looking at the entire landscape of financial services,” he told Business Insider. “Like, life insurance, for example.”