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SoFi Raises $1 Billion

SoFi, a provider of student loan refinancing, mortgages, mortgage refinancing and personal loans, has raised $1 billion in a Series E round of funding led by SoftBank, with participation from Third Point Ventures, Wellington Management Company, Institutional Venture Partners , RenRen, Baseline Ventures, DCM Ventures and others. To date, the company has raised a total of approximately $1.42 billion.

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