Just two years after its last $500m funding round in February 2017, SoFi has clinched another $500m, this time in a funding round led by the Qatar Investment Authority. In a statement, SoFi said the round valued the company at $4.3bn pre-money (the same valuation as 2017 after its last round).
– USA, CA – 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 on a pre-money basis. SoFi plans to use the funds to continue to invest in its rapid rate of innovation and [.]
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SoFi Closes $500M Round Led By Qatari Investment Fund. Social Finance Inc. said the funding round was led by Qatar’s sovereign wealth. including SoFi Invest, an investment platform for.
SoFi, a private technology company best known for student debt refinancing, announced this morning that it raised more than $500 million from the Qatar Investment Authority (QIA) 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.
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SoFi Closes on $500 Million Round Led by Qatar. Valuation Pegged at $4.3 Billion. SoFi Reportedly Seeks $500 Million Fromthat Twitter COO Anthony Noto.
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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.
Qatar Investment Authority has led an investment of more than $500 million in SoFi, a mobile-first personal finance firm. The investment values the company at $4.3 billion on a pre-money basis, according to a release from the fund. The investment was supported by several existing investors and SoFi CEO Anthony Noto.
Supports SoFi’s Continued Investment in Innovation and Rapid Rate of Growth SAN FRANCISCO, Calif. – May 29, 2019 – 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 on a pre-money basis.