U.S. SoFi raises $500 mln in funding led by Qatar Investment Authority

05/31/2019 8:08:00 AM (GMT)

San Francisco-based Social Finance, Inc. (SoFi), an online personal finance company, has competed with more than $500 million in capital financing.

Qatar Investment Authority (QIA) led the funding round with participation from existing investors as well as individual backers.

With the latest equity financing, SoFi will further invest in its growth and strengthen its balance sheet to reach a total capital of $2.3 billion.

The latest funding round values the company at $4.3 billion on a pre-money basis.

Social Finance

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