San Francisco based lending and personal finance platform has raised $500M in equity funding. The round is led by the Qatar Investment Authority, at a valuation of $4.3 billion. Existing investors Silver Lake and SoftBank also participated, as did SoFi CEO Anthony Noto.
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SoFi raises $500M
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“We strongly believe in SoFi’s approach, and their dedication to build a transformational financial platform that is rapidly disrupting consumer finance,” says QIA CEO Mansoor Al-Mahmoud. SoFi CEO Anthony Noto underscores the company’s transformation, as well. “Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest, and protect their money,” he says.
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