SoFi acquires Wyndham Capital Mortgage in all-cash deal
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
The firm filed an application with the Office of the Comptroller of the Currency in July 2020.
SoFi plans to extend its credit lending services to a broader audience.
White replaces Galileo founder Clay Wilkes who will switch to vice chair.
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The IPO will value SoFi at $8.65 billion.
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Figure wants to simplify its regulatory and compliance procedures.
The $4.3 billion fintech wants to take another crack at banking.
User deposits will be FDIC insured for up to $1.5 million.
“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.
Both CEOs say now is “the right time” for this deal.
For a time, Renz was Bezos’ first and only female adviser.
Figure is also edging into the student financing space.
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SoFi’s total capital now stands at $2.3 billion.
Until this month, SoFi’s insurance offering was limited to life insurance.
Sofi co-founder will lead the US branch of the firm.
US firm has lost money for the second consecutive quarter.
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Social media’s loss is social finance’s big gain.
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As banking continues to go digital, online innovators and niche players in North America are getting personal by adding social activities to their customer services.
US-based personal finance firm SoFi (Social Finance) has acquired mobile banking start-up Zenbanx as it looks to stretch out in the world of financial services. SoFi is paying about $100 million in stock for Zenbanx’s technology, according to Bloomberg and “a person familiar with the agreement”. Zenbanx offers a mobile account in the US and […]