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.
On October 2013, the company announced that it had raised $500 million in debt and equity to fund and refinance student loans. In April 2014, the company raised $80 million in Series C round from Discovery Capital Management with joint support from Peter Thiel, Wicklow Capital and other investors. In February 2015, the company announced a $200.
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San Francisco, CA – SoFi (Social Finance, Inc.), the private student lender, announced today it has reached the $500 million milestone in debt and equity to transform the student lending space. The company reached this milestone thanks to securing a community fund investment from ECMC Group, Inc.
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SoFi is no stranger to raising money, as the online lender has raised nearly $2 billion over the last few years. And now, SoFi is broadening its investor base even more. 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.
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· At SoFi he’s in charge of lending. but those areas will take time before they are making SoFi money. In May it raised $500 million. The round was led by Qatar’s sovereign wealth fund..
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.
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC 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.
SoFi raises 0 million more in funding as Qatar buys in. the sovereign wealth fund of Qatar.. we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based.
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