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Sofi Is Closing $500M From The Qatar Investment Authority

by businessinsider.com posted 2months ago 23 views
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. US-based online personal money management startup Social Finance (SoFi) is in the final stages of securing $500 million from the Qatar Investment Authority, according to Bloomberg citing four people familiar with the matter. The funding would value SoFi at $4.3 billion — similar to its valuation after the $500 million raise led by Silver Lake in 2017.

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