SoFi Secures $1 billion in Series E Funding led by SoftBank

SoFi, one of the nation’s leading marketplace lenders, announced $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 LLC, Wellington Management Company LLP, Institutional Venture Partners (IVP), RenRen, Baseline Ventures and DCM Ventures. The funding will accelerate SoFi’s growth as the primary financial services partner for high achieving consumers disenchanted with traditional banking.