Transaction · BaaS · 2022

SoFi / Technisys 2022

SoFi acquired Technisys for $1.1B on February 22, 2022.

Target: Technisys
Acquirer: SoFi
Deal value: $1.1B
Deal type: Stock
Announced: February 22, 2022
Sub-sector: BaaS

SoFi adds cloud-native core banking platform to pair with Galileo and own the full BaaS stack from issuer processing through to core ledger.

Deal value: $1.1B
Target revenue: —
Target EBITDA: —
EV / Revenue: —
EV / EBITDA: —
Announcement: February 22, 2022
Close date: March 1, 2022
Acquirer: SoFi (Strategic)
Target HQ: Argentina
Deal type: Stock
Sub-sector: BaaS

Source: sofi.com