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SoFi Buys Payments Company Galileo for $1.2 Billion

By
Kevin Dugan
· · Source: The Information

Galileo Financial Technologies, the payments processing company that builds platforms for Chime and Interactive Brokers, announced on Wednesday it’s getting acquired by SoFi for $1.2 billion in stock and cash. The deal for the company–which essentially provides the plumbing for online and mobile transactions–beefs up SoFi’s back-end for payments at a time when financial infrastructure is coming...

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