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, a Doha, Qatar-based private equity and sovereign wealth fund.
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San Francisco, CA – SoFi (Social Finance, Inc.), the private student lender, announced today it has reached the $500 million milestone in debt and equity to transform the student lending space. The company reached this milestone thanks to securing a community fund investment from ECMC Group, Inc.
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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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 $2.3 billion total balance sheet, SoFi said in a press release.
Along with 29 other people, Alex had volunteered to go to the far north of the world on the Greenpeace ship Arctic Sunrise, to stage a peaceful protest against Russian oil giant Gazprom which is.
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.
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@wwguk: "As the lending of the RCF tranches is of short-term, and their interests usually are. lower than that of h.y.bonds." In this instance I’m surprised that the RCF interest rate is lower.
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