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

Fintech SoFi, a company that started as an online lender but now provides a portfolio of services, has closed on a $500 million funding round giving the company a valuation of $4.3 billion. The.

SoFi is on the verge of closing a $500 million funding round led by private equity firm Silver Lake Partners that would value the online lender at $4.3 billion, according to Bloomberg.

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.

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.

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Social Finance (SoFi) is believed to be in the final stages of closing a $500 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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May 29, 2019–Social Finance, better known as SoFi, closed a $500 million funding round Wednesday led by Qatar Investment Authority valuing the personal finance company at $4.3 billion. The start-up plans to use the cash to invest in more growth and strengthen its now $2.3 billion total balance sheet, SoFi said in a press release.

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.

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CNBC: SoFi closed a $500 million funding round Wednesday led by Qatar Investment Authority..

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.

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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