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

Law360 (May 29, 2019, 6:04 PM EDT) — Online personal finance company Social Finance said Wednesday it closed a $500 million equity financing. Inc. said the funding round was led by Qatar’s.

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.

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In 2013, sovereign wealth fund Qatar Investment Authority (QIA. is in talks with sovereign and pension funds to raise $500 million for its expansion plans. “The money will be used to buy office.

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SoFi raises $500 million more in funding as Qatar buys in. the sovereign wealth fund of Qatar.. we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based.

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That doesn’t include online loan programs not available to retail investors, led by Social Finance, or SoFi. A corporate pension fund committed million to LendingClub loans in June, a month.

SoFi, a San Francisco online lending startup, raised $500 million in new funding led by Silver Lake Partners, with participation from existing investor softbank Group, and GPI Capital. The news.

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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.