Renren, a publicly listed company in the US operates a social media platform in China but has also made several fintech investments; investments include LendingHome, Fundrise, Motif Investing as well as a significant stake in SoFi; a year ago Renren announced plans to spin off its minority venture stakes into a new subsidiary; under the plan retail investors would receive a cash payout, losing their exposure to SoFi; Ryan Roberts, director at MCM Partners stated in the Forbes article, “It certainly looks like Joe Chen is trying to strip the best assets from Renren, particularly SoFi. SoFi is basically the entire value of the company right now, the core business has really deteriorated.” Source
Renren is a US listed publicly traded company currently managing a social networking business and a portfolio of financial technology companies; investing in Renren can offer investors exposure to a portfolio of financial technology companies; Lend Academy provides more details in their article; Renren's fintech investment portfolio currently includes some of the industry's top companies; it owns approximately 21% of SoFi and is also invested in Lending Home, Motif Investing and Fundrise; recently the firm announced a separation of its fintech investment portfolio which could offer an even greater opportunity for returns; accredited investors can receive ownership in the proposed spinoff by investing in the stock. Source
Renren is a publicly traded company that operates a social networking platform and also has an investment unit that invests in private US fintech companies; Lend Academy previously wrote about Renren and their private market fintech holdings in January; Renren was one of SoFi's first investors reporting 21% ownership in the company at the end of 2015; it’s now been reported that Renren has sold a portion of its share in the company, in association with a SoFi fundraising, receiving net proceeds of $91.9 million. Source
There are no shortage of VC firms who have allocated dollars to various fintechs throughout the world. But for individual...