That means content aimed at an ambitious, motivated group that likely took out loans to finance a professional degree.
As part of the sponsorship, Mic is creating three Instagram-first video episodes discussing money and how it relates to careers, financial planning and relationships.
Instagram isn’t often associated with student loans, the primary financial product at SoFi, which raised $1 billion in Series E financing this year. But Mic chose Instagram as the primary distribution channel because it skews to a somewhat older demographic and it’s aspirational.
“It’s a place that brings up subconscious thoughts about living your best life or ‘keeping up with the Joneses,’” Beickert said.
Mic uses a range of metrics to measure success of its content programs. Ciarallo heads the brand marketing team but works closely with the acquisition team. When it runs a content campaign – it worked with Medium and The Billfold earlier this year, for example, as well as Imgur – it starts with measuring engagement and time spent on the site.
But it also dives into what happens when those readers visit its site. A good potential customer will move through SoFi.com and may even apply for a loan. But if he or she doesn’t qualify for the loan, SoFi takes note.
“We are growing responsibly while getting smarter about costs,” Ciarallo said. “We are lowering the cost per acquisition and cost per lead.”
Working with content creators also allows SoFi to be associated with content that wouldn’t be a fit for its blog and gain exposure to a new audience.
“Third-party validation means a lot for our brand,” Ciarallo said.