SoFi raises $500 million to expand beyond student loans

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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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