M&A Deal of the Week: SoFi acquires Galileo

April 2020 | Fintech


On April 7th, online lending and investment fintech SoFi announced that it was acquiring digital payment platform Galileo for $1.2 billion. Galileo is already closely integrated with SoFi’s products, and will operate independently under the SoFi banner. This acquisition allows SoFi to expand its product suite to include Galileo’s immensely successful digital payment processing platforms and APIs.

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