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Reading: SoFi to Buy Technisys for About $1.1 Billion
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The Wall Street Publication > Blog > Tech > SoFi to Buy Technisys for About $1.1 Billion
Tech

SoFi to Buy Technisys for About $1.1 Billion

Editorial Board Published February 22, 2022
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SoFi to Buy Technisys for About .1 Billion
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SoFi Technologies Inc. is buying banking-software maker Technisys SA for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop.

The all-stock deal is equivalent to roughly 10% of SoFi’s market value. The deal gives SoFi control of its own core-banking platform, the back-end technology that banks use to power mobile-banking apps, open accounts and keep track of customer deposits.

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