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. A deal would be one of the largest U.S. fintech funding rounds of the year
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.
http://www.wsj.com/articles/sofi-looks-to-raise-500-million-in-latest-test-for-fintech-1473260723
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