SoFi Closes $500 Million Round

The round was led by Qatar Investment Authority and values the company at $4.3 billion; they plan to invest in more growth and strengthen their balance sheet which now totals $2.3 billion; the valuation is little changed by their funding round from two years ago; SoFi has launched a number of products as of late including their hybrid checking/savings account and plans to offer a credit card later in 2019. Source

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