Online Lending Company SoFi Raises $500 Million From Qatar’s Sovereign Wealth Fund

SoFi raises $500 million more in funding as Qatar buys in 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.

Online lending startup Social Finance, better known as SoFi, took another tack this morning, quietly announcing in a press release that it has closed half a billion dollars in a single funding round led by Qatar Investment Authority, a Doha, Qatar-based private equity and sovereign wealth fund. In February 2017, SoFi raised $500 million more in.

Sofi-A Lending startup closes qatar Led $500 Million Funding Round. Social Finance, popularly known as Sofi is an online lending startup that just closed its Qatar led $500 million funding round. The firm intends to use the cash injection to assist it to invest in its growth, as it continues to strengthen its balance sheet.

The online. company raise money or sell itself for a lower price tag in the future. The terms of the deal have not been finalized and could still change, the people said. All of the people asked.

For many Chinese firms and individuals, the United States. This loan portfolio extends beyond Chinese investors and projects with. Sovereign wealth funds had significant funds to invest and sought to.. investor CreditEase Wealth Management, raised 3 million total in 2014, deploying capital.

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 · If you raise a half a billion dollars but don’t throw yourself a parade, does it even hit your bank account? Apparently it does for fintech startup Social Finance, aka SoFi, which whispered yesterday it closed a $500 million round led by the Qatar Investment Authority.. Well we at MoBr heard you, SoFi, and you’ve come a long way from your days offering just student loan refinancing.

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Online lender and personal finance company Social Finance Inc. has raised more than $500 million in a funding round led by Qatar’s sovereign-wealth fund, valuing the firm at $4.3 billion before.

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.