Announced
Financials
Tags
United States
Friendly
Acquisition
Majority
financial service providers
Pending
electronic transaction processing
fintech solutions
FinTech
Single Bidder
mobile payments
debit card processing network
Private
Domestic
Venture Capital
Private Equity
Synopsis
SoFi, an online personal finance company, is set to acquire Galileo Financial Technologies, a financial services API and payments platform, from Accel, an American venture capital firm, for $1.2bn. "SoFi has built a very strong diversified financial services company focusing on a full suite of financial services. We're excited to work with SoFi to build on the services that have made Galileo the leading supplier of infrastructure services to leading financial, technology, and fintech companies. With the help of SoFi, we intend to continue to grow with and support all of our existing clients and the product roadmaps that they have defined," Clay Wilkes, Galileo CEO.
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