Lending start-up SoFi closes $500 million funding round, led by Qatar – Fasti News

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Social Finance (SoFi) is believed to be in the final stages of closing a 0 million funding round from investors including the Qatar Investment Authority, reports Jane Connolly. According to Bloomberg, four anonymous sources close to the deal have suggested that the round could close this week.

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SoFi (n Social Finance) has closed on a $500 million funding round according to multiple reports. The additional capital will be leveraged for global expansion and the development of new.

Leading Marketplace Lender SoFi Secures $200 million in Series D Funding Third Point Ventures, Institutional Venture Partners and Others Participate in Financing to Power SoFi’s Growth San Francisco, Calif. – February 3, 2015 – Social Finance, Inc. (SoFi), a leader in marketplace lending, today announces $200 million in Series D funding led by Third Point [.]

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2019-02-06  · - Reuters Top News (@Reuters) May 29, 2019 #4. Lending. round this week. The round was led by Qatar. start-up SoFi closes $500 million funding.

Lending start-up SoFi closes $500 million funding round, led by Qatar – Fasti News Lending start-up SoFi closes 0 million funding round,

Not satisfied with raising $1.9 billion in a six years, Social Finance Inc., the online lender known as SoFi, is gearing up to raise even more money in venture funding to grow its online lending business. SoFi is looking to support its push to offer more financial services with the additional funds.

. marketplace lending and fintech news on. start-up SoFi closes $500 million funding. a $500 million funding round led by the Qatar.

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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SoFi CEO Anthony Noto stated in an interview with Yahoo! Finance that "an IPO is not a priority at this point." The company also recently closed a $500 million funding primary round, validating Noto’s statement vis–vis the runway the company now has.

In May 2019, SoFi closed $500 million in a single funding round led by Qatar Investment Authority. Model. SoFi originally utilized an alumni-funded lending model that connected students and recent graduates with alumni and institutional investors via school specific student loan funds.

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