SoFi raises $500 million to expand beyond student loans


Student loans make for big business, but the rest of finance is even bigger.

SoFi, the company that started by refinancing student loans, will raise a whopping $500 million, it announced on Friday. The Series F funding round values SoFi at $4.3 billion and brings the company’s total equity funding to $1.9 billionBloomberg and the Wall Street Journal both reported SoFi’s huge fundraising plans before the company confirmed the raise.

With this huge influx of funding, SoFi plans to go global — or “take on new areas of personal finance and new geographies,” the company said.


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Via: Mashable: Business

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