Qatar wealth fund QIA leads $500m investment in online lender SoFi

Photo: Reuters

Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, has led an over $500 million equity financing in US-based online lender Social Finance (SoFi).

The round, which was joined by existing SoFi investors and its CEO Anthony Noto, pushes the company’s total funding to $2.3 billion. The lender’s pre-money valuation for this round was $4.3 billion, per a company statement.

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