M&A Deal Summary

SoFi Acquires Zenbanx Holding

On February 1, 2017, SoFi acquired information technology company Zenbanx Holding

Acquisition Highlights
  • This is SoFi’s 1st transaction in the Information Technology sector.
  • This is SoFi’s 1st transaction in the United States.
  • This is SoFi’s 1st transaction in Delaware.

M&A Deal Summary
Date 2017-02-01
Target Zenbanx Holding
Sector Information Technology
Buyer(s) SoFi
Deal Type Add-on Acquisition

Target

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.

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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 1 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Delaware) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 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.

Buy $1.2B
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