Social Capital Hedosophia / SoFi Technologies 2021
Social Capital Hedosophia Holding Corp. V acquired SoFi Technologies on June 1, 2021.
- Target
- SoFi Technologies
- Acquirer
- Social Capital Hedosophia Holding Corp. V
- Announced
- June 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Social Capital Hedosophia Holding Corp. V announced the acquisition of SoFi Technologies on June 1, 2021.
Strategic rationale
SPAC merger provided SoFi substantial capital to enhance technology stack and scale Galileo acquisition for mass-market financial services distribution.
Deal terms & multiples
Sources
- 247wallst.com /investing/2024/12/17/sofi-technologies-sofi-price-prediction-and-forecast-2025-2030/