M&A Deal Summary

SoFi Acquires Galileo Financial Technologies

On April 7, 2020, SoFi acquired information technology company Galileo Financial Technologies for 1.2B USD

Acquisition Highlights
  • This is SoFi’s 2nd transaction in the Information Technology sector.
  • This is SoFi’s largest (disclosed) transaction.
  • This is SoFi’s 2nd transaction in the United States.
  • This is SoFi’s 1st transaction in Utah.

M&A Deal Summary
Date 2020-04-07
Target Galileo Financial Technologies
Sector Information Technology
Buyer(s) SoFi
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Qatalyst Partners (Financial)
Dorsey & Whitney (Legal)

Target

Galileo Financial Technologies

Salt Lake City, Utah, United States
Galileo Financial Technologies, Inc. is a financial services API and payments platform provider for fintech, financial services, and investment firms. Galileo Financial Technologies is based in Salt Lake City, Utah.

Search 199,847 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

SoFi

San Francisco, California, United States
Category Company
Founded 2011
Sector Financial Services
DESCRIPTION

SoFi is a finance company taking a radical approach to lending and wealth management. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. SoFi was founded in 2011 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Utah) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Zenbanx Holding

Claymont, Delaware, United States

Zenbanx Holding Ltd. is a financial technology provider that offers mobile, multi-currency accounts through relationships with regulated financial institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Technisys

Miami, Florida, United States

Technisys is a provider of digital core and omnichannel banking software and related services to over 40 financial institutions across North and South America. Technisys was established in 1995 and is based in Miami, Florida.

Buy $1.1B
Mergr

Product

Company

Legal