SoFi to acquire Galileo Financial Technologies from Accel for $1.2bn.

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.