Navi Technologies vs SoFi: Founders, CEOs and History
Navi Technologies was founded in 2018 by Sachin Bansal, Ankit Agarwal and is led by Rajiv Naresh. SoFi was founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan and is led by Anthony Noto.
Company facts
Navi Technologies
- Founded
- 2018
- Headquarters
- Bengaluru, Karnataka, India
- Current CEO
- Rajiv Naresh
- Employees
- 1,500
SoFi
- Founded
- 2011
- Headquarters
- San Francisco, CA
- Current CEO
- Anthony Noto
- Employees
- 6,100
Founders
Navi Technologies
Sachin Bansal
Sachin Bansal co-founded Navi in 2018 after exiting Flipkart. He funded the group largely himself, owning about 97% at the time of its 2022 IPO filing, and serves as Founder and Executive Chairman.
Ankit Agarwal
Ankit Agarwal co-founded Navi in 2018 and leads its finance function. He was the company's spokesperson on the FY2026 results, guiding for profitability in FY2027.
SoFi
Mike Cagney
Mike Cagney co-founded SoFi in 2011 while a Sloan Fellow at Stanford and served as CEO until September 2017, when he stepped down amid workplace-culture allegations. He later founded blockchain lender Figure Technologies.
Dan Macklin
Dan Macklin is a co-founder of SoFi and worked on early business development as the company expanded its alumni-funded student loan model beyond Stanford.
James Finnigan
James Finnigan is a co-founder of SoFi, part of the four-person Stanford team that launched the alumni-funded student loan refinancing model in 2011.
Ian Brady
Ian Brady is a co-founder of SoFi, part of the Stanford team that started the company in 2011.
CEOs and their tenures
Navi Technologies
- Sachin Bansal2018–present
Founder & Executive Chairman
Steered Navi from a private holding company to an enterprise managing over 10,000 crore in loan AUM with FY23 consolidated revenue exceeding 2,040 crore ().
Source - Ankit Agarwal2018–present
Co-Founder & CFO
Managed the complex regulatory structuring and risk underwriting algorithms necessary to deploy mass-market digital loans across India.
Source - Rajiv Naresh2025–present
MD & CEO, Navi Limited
Previously MD and CEO of Navi AMC (March 2023 to February 2025) before taking charge of Navi Limited.
SoFi
- Chris Lapointe
Chief Financial Officer
Oversees financial reporting and guidance, including the raised 2026 adjusted net revenue outlook of $4.75-$4.85B.
Source - Mike Cagney2011–2017
Co-Founder and Former CEO
Co-founded SoFi and led it from 2011 until stepping down in September 2017.
Source - Anthony Noto2018–present
Chief Executive Officer
CEO since 2018. Led the Galileo and Technisys acquisitions, the 2021 listing, the 2022 bank charter and the move to GAAP profitability; SoFi reported $3.61B FY2025 revenue net of interest expense.
Source
Timeline: Navi Technologies and SoFi side by side
2011SoFi
Company founded
Mike Cagney, Dan Macklin, James Finnigan and Ian Brady founded Social Finance at Stanford GSB to refinance student loans with alumni capital.
2017SoFi
CEO Mike Cagney steps down
Cagney resigned in September 2017 amid allegations about workplace culture.
2018Navi Technologies
Establishment of BAC Acquisitions: Sachin Bansal and Ankit Agarwal incorporate BAC Acquisitions in Bengaluru in December 2018 to deploy venture capital and build consumer-facing technology enterprises…
2018SoFi
Anthony Noto named CEO
Former Twitter COO Anthony Noto became CEO in 2018.
2019Navi Technologies
Acquisition of Chaitanya NBFC: BAC Acquisitions acquires Chaitanya India Fin Credit for 739 crore, securing an RBI NBFC lending license and bringing microfinance assets onto the balance sheet.
2020Navi Technologies
Rebranding to Navi Technologies & App Launch: Corporate entity is rebranded as Navi Technologies Limited; the flagship Navi mobile application is launched on Android, offering 100% paperless personal…
2020Navi Technologies
Acquisition of DHFL General Insurance: Navi acquires DHFL General Insurance for 100 crore, rebranding it as Navi General Insurance to underwrite retail health and motor insurance.
2020SoFi
Galileo acquisition
SoFi acquired payments infrastructure company Galileo for about $1.2B.
2021Navi Technologies
Acquisition of Essel AMC & Mutual Fund Launch: SEBI approves the takeover of Essel Mutual Fund; Navi AMC is established, launching the landmark Navi Nifty 50 Index Fund with a low expense ratio of 0.0…
2021SoFi
Public listing via SPAC
SoFi began trading on Nasdaq as SOFI on June 1, 2021 after merging with Social Capital Hedosophia Holdings Corp. V.
2022Navi Technologies
Home Loan & UPI Integration: Navi launches digital home loans up to 5 crore with zero processing fees and integrates National Payments Corporation of India (NPCI) UPI payment infrastructure.
2022SoFi
National bank charter and Technisys
SoFi closed the Golden Pacific Bancorp acquisition and launched SoFi Bank, N.A., then acquired Technisys for about $1.1B in stock.
2023SoFi
First GAAP-profitable quarter
SoFi reported positive GAAP net income in Q4 2023.
2024SoFi
First full profitable year
FY2024 revenue net of interest expense was $2.67B and net income was $499M, helped by a tax benefit.
2025SoFi
Revenue passes $3.6B
FY2025 revenue net of interest expense rose about 35% to $3.61B, with $481M net income.
2026Navi Technologies
FY2026 results: revenue from operations ~$346 million (₹2,982 crore), net loss ~$54.1 million (₹466 crore); Navi Finserv AUM above ~$1.51 billion (₹13,000 crore).
2026Navi Technologies
Prosus agrees to invest $100 million in Navi, its first institutional funding.
2026SoFi
Record Q2 and SoFiUSD rollout
Q2 2026 adjusted net revenue reached $1.2B with 15.8M members; SoFi launched the SoFiUSD stablecoin for members and Mastercard settlement.
Acquisitions
Navi Technologies
- Essel Mutual Fund (Essel Finance AMC)2021Undisclosed
- DHFL General Insurance Limited2020$13.5M
- Chaitanya India Fin Credit Pvt. Ltd. (CIFCPL)2019$100M
Questions about Navi Technologies vs SoFi
Who is the CEO of Navi Technologies and SoFi Technologies, Inc.?
Navi Technologies is led by Rajiv Naresh and SoFi Technologies, Inc. is led by Anthony Noto. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Navi Technologies founded vs SoFi Technologies, Inc.?
SoFi Technologies, Inc. was founded in 2011 — 7 years before Navi Technologies, which was founded in 2018. SoFi Technologies, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Navi Technologies.
How many employees does Navi Technologies have compared to SoFi Technologies, Inc.?
Navi Technologies employs approximately 1,500 people, while SoFi Technologies, Inc. employs approximately 6,100. SoFi Technologies, Inc. has the larger workforce at 6,100 employees, compared to Navi Technologies's 1,500. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Navi Technologies and SoFi Technologies, Inc. headquartered?
Navi Technologies is headquartered in India and SoFi Technologies, Inc. is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Navi Technologies and SoFi Technologies, Inc.?
Navi Technologies was founded by Sachin Bansal, Ankit Agarwal. SoFi Technologies, Inc. was founded by Mike Cagney, Dan Macklin, James Finnigan, Ian Brady.
Which company has a longer operating history — Navi Technologies or SoFi Technologies, Inc.?
SoFi Technologies, Inc. has been operating for approximately 15 years, making it the more established of the two companies. Navi Technologies has been in operation for around 8 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Navi Technologies vs SoFi overview