SoFi Announces Details of New Fundraising

SoFi has announced details of its latest fundraising round which now adds $500 million in new equity capital for the firm; the financing was led by Silver Lake and included SoftBank and GPI Capital; the fundraising will support the continued expansion for the firm; it now offers student loan refinancing, personal loans, mortgage loans, life insurance, wealth management and banking; it also plans to expand its services to Australia and Canada.  Source

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Feb. 28, 2017 12:53 pm

SoFi continues to impress me on their ability to execute. They have been able to successfully raise money no matter what else is going on in the industry.