Social Finance (SoFi), a US-based crowdsourcing platform for alumni to provide loans to students, has raised $77.2m in its series B round from a consortium including Chinese-language social network Renren.

Renren, which floated on the New York Stock Exchange in May last year, said it invested $49m of the round.

The other members of SoFi’s B round are venture capital firms Baseline Ventures and DCM, which invested in Renren ahead of its initial public offering at $14 per share to…

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