SoFi’s future in insurance

Hi there,

Today, we released our global Pulse of Fintech report in collaboration with KPMG.

Overall, we saw US investment to VC-backed fintech companies decline for the second straight quarter in Q3’16. The report also includes geographic breakdowns, top deals, active investors and overall figures for areas including insurance and blockchain startups.

Get a copy here.

Q&A: Andrea Blankmeyer, VP of Finance, SoFi

This week, online lender SoFi formally expanded into life insurance in partnership with Protective Life. The announcement comes:

1/ Two months after Haven Life said it would offer term-life-insurance policies of up to $1M online without a medical exam for qualified users.

2/ And one month after Ladder Life raised $14M for its digital term life insurance product in partnership with Fidelity Security.

We chatted with Andrea Blankmeyer, who leads SoFi’s product development for insurance on the thought process for entering life insurance, cross-sell opportunities and future insurance products.

Read the full Q&A

Have a great rest of the week,

Matt
@mlcwong