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.
SoFi, a private technology company best known for student debt refinancing, announced this morning that it raised more than $500 million from the and others. The company disclosed that the new capital valued the company at $4.3 billion, pre-money. On a post-money basis, the SoFi is now worth over $4.8 billion.
SAN FRANCISCO – SoFi, a personal finance company, has closed over $500 million in equity financing led by Qatar Investment Authority (QIA), which values the company at $4.3 billion on a pre-money basis.. The company recently announced it has over 700,000 members and 7.5 million registered users. SoFi plans to use the funds to invest in innovation and growth.
In February 2017, SoFi raised $500 million more in funding led by the private equity firm Silver Lake, but there would come another twist five months later when SoFi’s founder and its CEO at the time, Mike Cagney, was forced to resign following a sexual harassment lawsuit. Cagney has since raised a bundle for a new lending company called Figure.
Social Finance (SoFi), a personal finance company, has raised half a billion dollars in a funding round led by Qatar, according to a report by CNBC. The company said it will use the capital to.
WeWork is reportedly looking to raise. 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.
Online lender SoFi has quietly raised $500 million in funding, led by Qatar Discovered on 29 May 02:00 PM EDT. 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.
The funding would value SoFi at $4.3 billion – similar to its valuation after the 0 million raise led by Silver Lake in 2017. But in order to get the same valuation, investors were asking for more.
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US-based online personal money management startup sofi has closed a $500 million funding round led by Qatar Investment Authority. Rumors that the startup was in talks to raise new funds first.
Refi, Recast, or Prepay? Options for your Mortgage Buried In Too Much Student Debt? Here’s One Potential Solution – A New Kind of Solution For those grappling with student debt, there’s an option many don’t know about: refinancing. Similar to refinancing a mortgage. there a prepayment penalty. If you’re unsure.