SoFi confirms $500m investment led by Qatar

Sofi. USA. SoFi Receives Over $500M Led by Qatar Investment Authority; Valued at $4.3 Billion. Published on May 29, 2019 By FinSMEs. USA. BlockFi Raises 1.55M in Seed Funding.

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The chances of that happening are judged to be tiny, since the Qatar Investment Authority has discovered a large. The QIA is said to be a big fan of the deal and its promised savings of $500m. The.

Financial technology startup Social Finance Inc. (SoFi) has reportedly been looking to close 0 worth of funding from the Qatar Investment Authority. As of writing, the company has already raised a whopping $2 billion from its existing pool of investors.

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Qatar Investment Authority has led a hefty financing round for mobile-first personal finance company SoFi which values the business at $4.3bn on a pre-money basis. The $500m round was also backed by existing SoFi investors, the company said, although it did not specify which firms committed capital.

The deal won’t give Silver Lake a majority stake in the company but does signal an increasing interest by venture capital firms in fintech startups that focus on lending.

SoFi, a mobile-first personal finance company, announced today it has closed over $500 million in equity financing led by Qatar Investment Authority (QIA), which values the company at $4.3 billion.

In a round led by Qatar Investment Authority (QIA), personal finance solution provider SoFi has raised more than $500 million in equity funding, writes David Penn at Finovate. The talks of the deal were recently reported by FinTech Futures and it has now been confirmed.

SoFi, the creator of a lending and personal finance platform, has raised $500 million in a round led by the Qatar Investment Authority at a valuation of $4.3 billion. Based in San Francisco, the company claims to have more than 700,000 members on its platform.