April 08 - 15:04
SoFi to buy API and payment platform Galileo for $1.2 billion
Personal finance firm, SoFi, has signed an agreement to buy API and payments platform Galileo for $1.2 billion. Galileo’s digital payments platform enables checking and savings account-like functionality via its open APIs, providing companies with the ability to create consumer and B2B financial services. Galileo said it will offer diversification and scale to SoFi’s existing infrastructure.
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