Tech Company M&A Transactions
Galileo Financial Technologies Acquisition
Operating out of Salt Lake City, Galileo Financial Technologies was acquired by SoFi. SoFi disclosed that the acquisition price was $1.2 billion.
Transaction Overview
Company Name
Acquired By
Announced On
4/7/2020
Transaction Type
M&A
Amount
$1,200,000,000
M&A Terms
SoFi, the online personal finance company, today announced it has signed a definitive agreement to acquire Galileo Financial Technologies ("Galileo"), the powerful financial services API and payments platform. SoFi will pay total purchase consideration of $1.2B to acquire Galileo, comprising cash and stock.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
6510 South Millrock Dr. 300
Salt Lake City, UT 84121
USA
Salt Lake City, UT 84121
USA
Phone
Website
Email Address
Overview
Galileo is the company behind the tech that powers most fintech companies, financial institutions and investment firms in North America, Latin America, Canada, Asia, and Europe, delivering solutions in the complex world of payments and financial services. It is a flexible platform, handling thousands of financial transactions every moment of every day.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Clay Wilkes
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