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 Doha, Qatar-based private equity and sovereign wealth fund.
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..
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· 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 0 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, a San Francisco online lending startup, raised $500 million in new funding led by Silver Lake. Silver Lake’s limited partners are taking an active role, and some large sovereign wealth fund.
Online. announced a $500 million capital raise led by the sovereign-wealth fund of Qatar, a nice chunk of change to add to the nearly $2 billion it has raised in the last few years. A spokesperson.
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Online lender and personal finance company Social Finance Inc. has raised more than $500 million in a funding round led by Qatar’s sovereign-wealth fund, valuing the firm at $4.3 billion before the.
· Just last week it announced a $500 million capital raise led by the sovereign-wealth fund of Qatar, SoFi’s lending business seems to be going strong, as a.
The biggest worry for the company is that it will struggle as. from A.I.G. The firm is also one of four co-managers of a $500 billion fund that is buying.. The funding includes $325 million from J.P. Morgan, $325 million from their. like other “sovereign wealth funds,” isn't “transparent” enough in the public.
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.