Online Lending Company SoFi Raises $500 Million From Qatar’s Sovereign Wealth Fund
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.
The(QIA) has led a more than $500mn equity financing in SoFi, an online lending entity in the US. The San Francisco-based company plans to use the funds to continue to.
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Online lending company SoFi, also known as Social Finance, raised US$ 500 million in equity in a funding round that was led by the Qatar Investment Authority (QIA). QIA invested alongside existing investors and SoFi CEO, Anthony Noto. San Francisco-based SoFi revealed it now has a US$ 2.3 billion balance sheet.
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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.
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TheFinance, commonly known as SoFi, has hit records by raising $500 million in its latest funding round. Wednesday’s funding which was led by Qatar has been public for some time.. is Qatar-based private equity and sovereign wealth fund. Data from PitchBook.
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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.. the company has secured another $500+ million in funding. SoFi raises 0 million more in funding as Qatar buys in. – SoFi raises $500 million more in funding as Qatar buys in.