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


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The online lender announced Wednesday that it raised more than $500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar. Other participants in the funding round include previous investors as well as SoFi CEO Anthony Noto, who joined the company last year.

The achievements of the brokerage business, led by managing director Nabil Al Rantisi, is the basis on which the company will build the expansion of its other activities. “The UAE is the right place.

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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SoFi raises $500 million more in funding as Qatar buys in. By.. The online lender announced Wednesday that it raised more than $500 million in equity financing led by Qatar Investment Authority, the sovereign wealth fund of Qatar.. the company has secured another $500+ million in funding.

 · The nine lenders on the Forbes Fintech 50 for 2018 are some of the largest and most established companies we feature on this, the third edition, of our list.

 · Mike Cagney, the former SoFi CEO, raises $50M for Figure, his new fintech venture focused on home equity lending, reported Bloomberg. Cagney left Sofi.

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Top-tier venture capital firms Sequoia, Andreessen Horowitz, Khosla Ventures and Kleiner Perkins Caufield & Byers, and then a sovereign wealth fund, invested hundreds. Jawbone burned through.

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 .3 billion total balance sheet, SoFi said in a press release.

Qatar Islamic. company, to acquire various top-class, high-value residential portfolios in selected US metropolitan areas. The strategy mirrored that of KFH’s activity in Shenzhen, China, where it.

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.