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Online Lending Company SoFi Raises $500 Million From Qatar’s Sovereign Wealth Fund

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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.

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 · Qatar investment authority (qia) today announces that it is leading an over $500 million equity financing in SoFi, a mobile-first personal finance company, alongside existing investors and SoFi.

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With all the due diligence that the Qatar’s sovereign wealth fund must have done. and funding buffer for SM to raise further tranches of high yield bonds. The issuance of the high yield bonds will.

 · 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 $500 million.

 · $500 million. That’s how much online lending company sofi received from investors led by the Qatar sovereign wealth fund. The San Francisco startup said it.

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· Fintech SoFi, a company that started as an online lender but now provides a portfolio of services, has closed on a $500 million funding round giving the company a valuation of $4.3 billion. The Qatar Investment Authority (QIA) has led a more than $500mn equity financing in SoFi, an online lending.

Anthony Noto, CEO of SoFi Adam Jeffery | CNBC 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 $500 million cash injection to invest in more growth and strengthen its now $2.3 billion total balance sheet, SoFi said in a press release.