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.
SoFi, an online finance company providing student loan refinancing, mortgages, personal loans and more, announced last week it has entered into an agreement for $500 million in Series F financing.
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.
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.
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Investment to Accelerate Product and international expansion san francisco, Calif. – February 24, 2017 – SoFi, a modern finance company taking an unprecedented approach to lending and wealth management, announced today it has entered into a definitive agreement to raise $500 million in Series F financing led by Silver Lake, the global leader in technology [.]
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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 sheet, SoFi said in a press release.
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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.
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.