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FinancialNews


  • 30-05-19

    USD500m equity financing in SoFi led by Qatar's QIA

    (MENAFN) Qatar Investment Authority (QIA) is now leading more than USD500 million of strategic growth investment in mobile-first personal finance firm SoFi.

    QIA was confirmed to be leading the equity financing with current investors and CEO of SoFi Anthony Noto.

    SoFi, under the plan, is looking to keep on allocating investments within its innovation and development efforts while maintaining to support SoFi members to fulfill financial independence.

    CEO of QIA Mansoor Al Mahmoud affirmed: "we strongly believe in SoFi's approach, and their dedication to build a transformational financial platform that is rapidly disrupting consumer finance."

    Mahmoud added: "SoFi's team have a clear long-term vision for their business, and we're proud to be their partners and to support them on their journey as part of our broader strategic investments in technology."

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