Marking the first ever single major investment in financial technology (fintech) segment, SoftBank Group Corp has led an investment of $1billion in the US startup SoFi. Private equity (PE) firms such as Third Point have invested in SoFi. Both the companies are of a positive view that the Series E funding round will speed up the growth rate of SoFi. The fintech services are gaining support from customers, who're not satisfied with traditional banking services. SoFi is aiming at expanding financial offerings in the near future.
Nikesh Arora
Breaking News
Softbank Corp’s investment in a Hollywood movie studio represents the coming out party for two new players in the U.S. entertainment industry -- the Japanese telecommunications company and Nikesh Arora, the former Google Inc executive running a new media and internet company.
Subscribe to VCpost newsletter
Most Popular
- American Millionaire Charged in Brutal Murders of Canadian Tycoon and His Partner in Dominica Denied Bail
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Tesla Spends $200,000 in Promoting Elon Musk's Social Media Platform X Following Mention of 'Minimal Advertising Efforts'
- Michigan Family Sues Wendy's for $20 Million After 11-Year-Old Girl Suffered Deadly E.Coli Infection
- Brazilian Woman Wheels Her Dead Uncle Into the Bank to Withdraw Loan in His Name
- Social Security Benefits: 2025 COLA Predicted to Increase Amid Rising Inflation
- Sheetz Convenience Store Accused of Racial Discrimination After Denying Employment of Black, Mixed-Race, and Native American Applicants