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Private Equity

Sofi Announces Over $500M Strategic Growth Investment Led By Qatar Investment Authority

by vcaonline.com posted 3weeks ago 10 views
SAN FRANCISCO, May 29, 2019-- SoFi, a mobile-first personal finance company, announced today it has closed over $500 million in equity financing led by Qatar Investment Authority (QIA), which values the company at $4.3 billion on a pre-money basis. SoFi plans to use the funds to continue to invest in its rapid rate of innovation and growth, fulfilling its mission to help SoFi members achieve financial independence to realize their ambitions. The investment round further strengthens SoFi's balance sheet to total capital of $2.3 billion.

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