Online lender Social Finance Inc. is nearing a deal to raise $500 million in fresh funds from an investor group led by private-equity firm Silver Lake, according to people familiar with the matter.
Online lender Social Finance Inc. is nearing a deal to raise $500 million in fresh funds from an investor group led by private-equity firm Silver Lake, according to people familiar with the matter. The new equity investment, which values SoFi at more than $4 billion, would give the San Francisco-based company a fresh round of cash as it works to shake off a tough 2016 for the online lending industry it helped pioneer. SoftBank Group, the technology-investment conglomerate run by Japanese businessman Masayoshi Son, and... To Read the Full Story, Subscribe or Sign In
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