SoFi Technologies SPAC Combination 2021
Social Finance (SPAC merger) acquired SoFi Technologies on June 1, 2021.
- Target
- SoFi Technologies
- Acquirer
- Social Finance (SPAC merger)
- Announced
- June 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Social Finance (SPAC merger) announced the acquisition of SoFi Technologies on June 1, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Digital-only direct bank expansion with AI-driven fintech services and ecosystem integration via acquired fintech platforms like Galileo.
Deal terms & multiples
Frequently asked questions
When did Social Finance (SPAC merger) announce the acquisition of SoFi Technologies?
Social Finance (SPAC merger) 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
- fool.com /investing/2024/12/28/buy-sofi-technologies-stock-while-below-20/?source=iedfolrf0000001