SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket
PYMNTS
JANUARY 7, 2021
Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 billion deal that brings it instant liquidity and avoids the uncertainty of the initial public offering (IPO) process, while leaving it better positioned to take on legacy banks.
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