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 investor base even more. 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 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. Other participants in the funding round include previous investors as well as SoFi CEO Anthony Noto, who joined the company last year .
SoFi, the California based company famous for online lending has bagged $500 million in private equity round led by Qatar-based private equity and sovereign wealth fund qatar Investment Authority. The firm’s post-money valuation now stands at around $4.8 billion which was around $4.3 billion before the arrival of fresh funds.
Sofi-A Lending Startup Closes Qatar Led $500 Million Funding Round. Social Finance, popularly known as Sofi is an online lending startup that just closed its Qatar led $500 million funding round. The firm intends to use the cash injection to assist it to invest in its growth, as it continues to strengthen its balance sheet.
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Total assets of the Islamic financing industry have reached an estimated $500. fund management and custodial services. Other offshore banks in Bahrain are also coming: Ithmaar Bank is investing.
On Wednesday, though, SoFi made its return, unveiling a $500 million investment from thethe Middle Eastern nation’s sovereign wealth fund-at a post-money. locations with.
Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. that condones unlawful conduct” to persist within the company,
Mortgage exit by Westpac leaves borrowers hanging Westpac’s new tougher lending process to smoke out lying home loan borrowers . Westpac will now work with mortgage brokers to enforce tougher lending criteria. Mortgage brokers will now ask a series of questions in a number of scenarios to determine repayment ability
India’s top e-commerce company Flipkart announced Monday it had raised $1.4 billion in a record funding round that shores up the online. sovereign wealth fund GIC. In 2014 Flipkart raised $1.
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Holders of dollars should diversify their own baskets before central banks and sovereign wealth funds ultimately do the same. and Amex, which raised $500 million, took many investors by surprise.
SoFi. 500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar. Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California,