SoFi signs up Softbank for $1bn series E

Oct 1, 2015 • Robert Lavine

The SoftBank-led round, which also featured existing investor Renren, is the largest ever raised by a fintech company and reportedly values SoFi at $4bn.

US-based online lending marketplace SoFi raised $1bn yesterday in a series E round led by telecommunications firm SoftBank that stands as the largest round ever closed by a fintech company.

The round also included China-based social network Renren, Wellington Management Company, Institutional Venture Partners (IVP), Baseline Ventures, DCM Ventures and affiliates of investment adviser Third Point, which also participated through its Third Point Ventures unit.

Founded in 2011, SoFi operates an online credit marketplace that offers mortgages, mortgage refinancing and…

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