After already raising close to $2 billion over the last couple of years, SoFi has secured another $500 million in funding thanks to Qatar Investment Authority. "According to SoFi, the latest funding values the company at $4.3 billion.
Online lending platform Social Finance is in talks to raise $500 million in funding from the Qatarand others, according to Bloomberg.
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In a round led by qatar investment authority (qia), personal finance solution provider sofi has raised more than $500 million in equity funding. The new capital gives the San Francisco, California-based company a valuation of $4.3 billion, and will drive investment, the company said in its press release, in continued innovation and growth.
Online lending start-up Social Finance just closed a half-a-billion-dollar funding round, led by Qatar. The company, better known as SoFi, plans to use the $500 million cash injection to invest in more growth and strengthen its now $2.3 billion total balance sheet, SoFi said in a press release.
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The online lender announced Wednesday that it raised more than $500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar. Other participants in the funding round include previous investors as well as SoFi CEO Anthony Noto, who joined the company last year .
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· SoFi Is Said to Be Closing New $500 Million Funding Round The funding is said to come from the Qatar Investment Authority, the state-owned holding company from that Mideast country.
In a round led by Qatar Investment Authority (QIA), personal finance solution provider SoFi has raised more than $500 million in equity funding, writes David Penn at Finovate. The talks of the deal were recently reported by FinTech Futures and it has now been confirmed.
US-based online personal money management startup SoFi has closed a $500 million funding round led by Qatar Investment Authority, marking the first funding round with Anthony Noto as the fintech’s.
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Online lending platform Social Finance is in talks to raise $500 million in funding from the Qatar Investment Authority and others, according to Bloomberg.. The new round would value SoFi around.