Social Capital Hedosophia V / SoFi Technologies 2021
Social Capital Hedosophia V acquired SoFi Technologies on June 1, 2021.
- Target
- SoFi Technologies
- Acquirer
- Social Capital Hedosophia V
- Announced
- June 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Social Capital Hedosophia V announced the acquisition of SoFi Technologies on June 1, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
SPAC merger to take SoFi public, enabling expansion from student loan refinancing to diversified fintech platform including lending, brokerage, banking, and crypto services.
Deal terms & multiples
Frequently asked questions
When did Social Capital Hedosophia V announce the acquisition of SoFi Technologies?
Social Capital Hedosophia V announced the acquisition of SoFi Technologies on June 1, 2021.
What sub-sector is SoFi Technologies in?
SoFi Technologies is tracked in the Neobank sub-sector.
Sources
- 247wallst.com /investing/2026/06/08/why-sofi-turned-1000-into-a-rollercoaster/