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SoFi targeting insurers, pension funds in latest funding round

SoFi is offering shares of its equity to institutionalinvestors in another funding round as the company tries to engage investors indeeper, more strategic partnerships, the FinancialTimes reported May 2.

The new funding round follows SoFi's September 2015 series Efunding led byventure firm SoftBank. The company raised $1 billion in that round.

The marketplace lender is now seeking investments frominsurers, pension funds, and European and Asian sovereign wealth funds,according to the FT.