SoFi CEO Anthony Noto U.S. Army photo by Michelle Eberhart

According to a Bloomberg piece, SoFi is in talks to raise $500 million from the Qatar Investment Authority and other investors, citing four persons familiar with the matter. The report says the funding would value SoFi at an amount similar to the $4.3 billion valuation it garnered after a $500 million investment in 2017.

Investors were said to be asking for more protections should SoFi raise money or get acquired for a lower price tag in the future, in order to raise at the same valuation. Terms of the deal haven’t been finalized and are subject to change. SoFi has raised $1.9 billion in total equity funding so far. The company originated $3.6 billion in loans in the first quarter of 2018, up 27% from the same period in 2017.

image: SoFi

Investors in SoFi include Softbank, Silver Lake Partners, DCM Ventures, Third Point Ventures, Manhattan Venture Partners and RSC Capital.

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