SAN FRANCISCO and TOKYO, Sept. 30, 2015 / PRNewswire – SoFi, one of the nation’s leading marketplace lenders, and the SoftBank Group ("SoftBank"), today announce $1 billion in Series E funding led by SoftBank – marking the largest single financing round in the fintech space to date. Existing investors participating in the round include Third Point Ventures and affiliates of Third Point LLC, Wellington Management Company LLP, Institutional Venture Partners (IVP), RenRen, Baseline.

SoFi raised $1 billion from SoftBank Group in September 2015, and it has been "off and on" profitable for the past few years. This money isn’t going toward its actual loans.

SAN FRANCISCO and TOKYO, Sept. 30, 2015 /PRNewswire/ — SoFi, one of the nation’s leading marketplace lenders, and the SoftBank Group ("SoftBank"), today announce $1 billion in Series E funding.

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Leading Marketplace Lender SoFi Secures $1 billion in Series E Funding led by SoftBank Web Desk September 30, 2015 comment closed Business & Finance , Other Language Largest single round of financing in the fintech space to date will fuel SoFi’s expansion as the primary financial services partner for high achieving professionals

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One of the leading lender companies, SoFi, has recently reached a significant milestone in the financial services industry with its partner SoftBank Group. This milestone denotes the largest singular round of financing in the history of lending and fintech space; a reported $1 billion in Series E funding is the magic number for this feat.

SoftBank’s investment in Compass is hardly its first venture into the U.S. housing economy. Two years ago, SoftBank led a $1 billion funding round in SoFi, the San Francisco-based lending startup. And.

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As previously reported, SoFi describes itself as a “modern finance company.” Its mission has been to replace traditional banks. The iconoclastic firm received the largest Fintech funding round ever to.

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SoFi secures $1 billion in funding Brena Swanson is formerly the Digital Reporter for HousingWire. Brena joined the HousingWire news team in February 2013, also serving in the roles of Reporter.

Now, SoFi is announcing that it has raised $1 billion in Series E funding led by SoftBank. It is believed to be the largest-ever equity funding in the financial technology space.