Lender with Healdsburg branch, SoFi, gets $1 billion in equity funding

The lender has so far raised $2.9 billion amid speculation that it will go public soon.|
BILL SWINDELL
THE PRESS DEMOCRAT

SoFi, one of the nation’s leading marketplace lenders that has a large satellite office in Healdsburg, on Wednesday announced $1 billion in equity funding led by SoftBank and some other partners.

The San Francisco-based company said the investment was the largest single financing round in the financial tech space to date so far, where companies are looking to upend traditional bankers by offering virtual service targeted more to millennials.

The company has raised so far $2.9 billion amid speculation that it will go public in the near future. Last year, the LendingClub Corp. went public as the largest tech IPO in 2014 by raising almost $900 million.

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