SoFi acquires Peach Finance for fintech expansion

SoFi has acquired Peach Finance, a startup focused on lending infrastructure and loan servicing software. This strategic move significantly enhances SoFi's enterprise technology offerings. Peach Finance operates a Software-as-a-Service platform designed to support loan servicing, processing, and overall infrastructure for consumer lenders. The acquisition is expected to bolster SoFi's capabilities within the competitive fintech landscape, allowing it to offer more robust solutions to its enterprise clients and further integrate its financial services ecosystem.