Silver Lake to invest $500m in SoFi.

Silver Lake, the global leader in technology investing, to invest $500m in SoFi (Social Finance), a modern finance company taking an unprecedented approach to lending and wealth management. The company plans to use the funds to accelerate its expansion into new product areas and countries outside of the United States. “We’ve seen tremendous growth at SoFi because we know what people expect from their financial partner: they want speed, transparency, and alignment with their interests. We’re the only personal finance company focused not just on people’s money, but their careers and relationships as well. We know this opportunity doesn’t just exist in the United States, and look forward to bringing the SoFi approach to finance to more people around the world. Silver Lake’s global relationships, technology expertise and value creation capabilities will be an invaluable addition as we expand our business further.” Mike Cagney, SoFi co-founder, Chairman, and CEO.