SoFi Technologies, Inc.
Acquisitions
3
Major Deals Covered
$2.3B
Disclosed Deal Value
SoFi's largest disclosed acquisition here is Galileo for $1.2B in 2020. This page covers 3 major deals from 2020 to 2022, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Galileo | 2020 | $1.2B | To acquire a leading payment processing and core banking infrastructure platform, significantly expanding SoFi's technology capabilities, B2B market reach, and providing the foundational technology for its financial services segment. |
| Technisys | 2022 | $1.1B | To acquire a cloud-native core banking platform with strong international capabilities, specifically targeting the Latin American market, to complement Galileo's payment processing strengths with comprehensive deposit and lending ledger management. |
| Golden Pacific Bancorp | 2022 | $22.3M | To acquire a small, federally chartered savings bank as a strategic foothold to eventually obtain a national bank charter, allowing SoFi to accept FDIC-insured deposits and fund loans with low-cost capital. |
2022
$1.1B
To acquire a cloud-native core banking platform with strong international capabilities, specifically targeting the Latin American market, to complement Galileo's payment processing strengths with comprehensive deposit and lending ledger management.
Added a cloud-native core banking platform to pair with Galileo.
SoFi has been migrating its own SoFi Money core onto the combined platform.
2022
$22M
To acquire a small, federally chartered savings bank as a strategic foothold to eventually obtain a national bank charter, allowing SoFi to accept FDIC-insured deposits and fund loans with low-cost capital.
This acquisition provided the regulatory foundation and the initial deposit base necessary for SoFi to transition from an unchartered fintech lender to a fully regulated depository institution.
Golden Pacific was merged into SoFi's newly formed national bank, SoFi Bank, National Association, enabling the company to launch its high-yield checking and savings accounts and rewiring its unit economics.
2020
$1.2B
To acquire a leading payment processing and core banking infrastructure platform, significantly expanding SoFi's technology capabilities, B2B market reach, and providing the foundational technology for its financial services segment.
Gave SoFi its own payment processing and card issuing infrastructure and a B2B revenue stream.
Galileo and Technisys now make up the Technology Platform segment, about $85M of revenue in Q2 2026, which declined year over year.
SoFi's strategy centers on its Financial Services Productivity Loop: acquire members with low-cost products like high-yield savings, then cross-sell loans, cards and investing. Current priorities include scaling the Loan Platform Business, growing member deposits, re-entering crypto trading, and building payments on SoFiUSD, including migrating its card program to stablecoin settlement on Mastercard's network in 2026. SoFi Stadium naming rights, signed in 2019, remain its main brand vehicle.
SoFi reports three segments. Lending earns net interest income and gains on loan sales from personal loans, student loan refinancing and home loans, plus fees from its Loan Platform Business, which originates loans for third-party buyers; it produced $711.7M of adjusted net revenue in Q2 2026. Financial Services covers SoFi Money checking and savings, credit cards, SoFi Invest, SoFi Relay and crypto, earning interchange, deposit spread, referral and brokerage fees; it produced $466.3M in Q2 2026. Technology Platform (Galileo and Technisys) sells payment processing, card issuing and core banking software to other fintechs and banks, generating about $85M in Q2 2026.
In May 2020, SoFi acquired payment processing and card issuing infrastructure leader Galileo Financial Technologies for $1.2 billion in cash and stock, establishing SoFi's high-margin B2B Technology Platform.
In March 2022, SoFi acquired Technisys, a leading cloud-native multi-product core banking platform, for approximately $1.1 billion in common stock, combining it with Galileo to build an end-to-end modern banking infrastructure stack.
In February 2022, SoFi acquired Sacramento-based community bank Golden Pacific Bancorp for $22.3 million in cash, which served as the regulatory vehicle to obtain its coveted national bank charter from the OCC.
By pairing Galileo's frontend API processing with Technisys's cloud-native core banking ledger, SoFi can power digital banking, debit cards, and multi-currency accounts for any fintech, legacy bank, or enterprise brand worldwide.
In February 2017, SoFi acquired mobile banking startup Zenbanx for approximately $100 million in stock, acquiring the underlying multi-currency mobile wallet technology that seeded SoFi Money.
In April 2023, SoFi acquired the assets and proprietary digital home loan fulfillment technology of Wyndham Capital Mortgage in an all-cash deal, scaling its in-house home loan origination and closing capabilities.
SoFi utilized a balanced combination of common equity and available cash reserves, aligning acquired executive teams with long-term SOFI share performance.
Rather than buying crypto exchanges, SoFi partnered with regulated partners like BitGo and Bakkt before transitioning its crypto activities in late 2023 to focus strictly on FDIC-insured banking and traditional investment assets.
SoFi maintained Golden Pacific's physical community bank branches in Sacramento and Yuba City as community banking divisions, while rebranding the parent institution as SoFi Bank, N.A. for all national digital operations.
Migrating SoFi Bank off third-party legacy banking cores onto Technisys generated an estimated $75 million to $85 million in cumulative cost savings over three years, while providing complete architectural control.
SoFi focuses on tuck-in acquisitions that enhance automated AI underwriting, international payments, and digital asset servicing that can be cross-sold across its member and Galileo enterprise ecosystems.
Management evaluates targets based on technical scalability, clear accretion to GAAP profitability, and the ability to enhance the Financial Services Productivity Loop.
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