Transaction · BaaS · 2020

SoFi / Galileo 2020

SoFi acquired Galileo Financial Technologies for $1.2B on April 7, 2020.

Target: Galileo Financial Technologies
Acquirer: SoFi
Deal value: $1.2B
Deal type: Mixed
Announced: April 7, 2020
Sub-sector: BaaS

SoFi acquires API-based payments and BaaS platform to extend its consumer fintech into infrastructure-as-a-service for other fintechs and banks.

Deal value: $1.2B
Target revenue: —
Target EBITDA: —
EV / Revenue: —
EV / EBITDA: —
Announcement: April 7, 2020
Close date: May 14, 2020
Acquirer: SoFi (Strategic)
Target HQ: United States
Deal type: Mixed
Sub-sector: BaaS

Source: sofi.com