SoFi to Acquire Technisys for $1.1 Billion

SoFi to Acquire Technisys for $1.1 Billion
Headquarters of the American online personal finance company SoFi Technologies Inc. in San Francisco in June 2021. Google Maps/Screenshot via The Epoch Times
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Digital personal finance company SoFi Technologies Inc. agreed to acquire Technisys, a cloud-native, digital multi-product core banking platform.

Technisys’ shareholders will receive aggregate consideration of 84 million shares of SoFi, less than 10 percent of SoFi’s fully diluted share count as of September 30, 2021.