SoFi acquires core banking platform Technisys for $1.1B
Technisys will function as subsidiary, Galileo integration planned
SoFi Technologies announced today it is acquiring digital multiproduct core banking platform Technisys, which will operate as a subsidiary of SoFi. Technisys’ shareholders will receive aggregate consideration of approximately 84 million shares of SoFi common stock — approximately $1.1 billion — less than 10% of SoFi’s fully diluted share count as of Sept. 30, 2021, […]
