Interesting to see this valuation in contrast of the Lending Club valuation.
SoFi, an online lender based in California, has emerged as a darling of the fintech world. The company raised $1 billion in September, helping establish Mike Cagney's endeavor as one of the best-funded startups in Silicon Valley. The fund-raising was the biggest financing round by any company in the fintech industry. Cagney is taking SoFi up against online lenders and brick-and-mortar banks alike — and pursuing a $30 billion 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 an interview with Business Insider.