SoFi Looks to Raise $500 Million in Latest Test for Fintech
By Peter Rudegeair | Wall Street Journal | Sept 7, 2016
A deal would be one of the largest U.S. fintech funding rounds of the year
Online lender Social Finance Inc. is pitching a new fundraising effort as it looks to buck a recent slump in the industry, according to people familiar with the matter. Privately held SoFi hopes to raise about $500 million in equity to fund new growth initiatives among mass-market borrowers and international markets, according to the people and a presentation reviewed by The Wall Street Journal. The round is likely weeks away…
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