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After confirming the validity of the report with Koide himself, Amuse announced on Thursday that Koide will be going on indefinite hiatus.
SAN FRANCISCO/NEW YORK (Reuters) - Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (So Fi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner.
One of the most valuable private financial technology startups in the United States, So Fi’s $4.3 billion valuation was based on expectations it could develop into a major lender but Cagney’s departure this month and the circumstances around his exit complicate efforts to create a new-generation bank that could compete against JPMorgan () or Bank of America.
The company will be more disciplined about testing new products before selling them widely, a source close to the company said.
In 2016, So Fi announced that it would no longer factor FICO credit scores into its underwriting process.
JYP released its statement on Friday, March 24 via GOT7's official website.