SoFi To Acquire Galileo Financial Technologies

SoFi, the online personal finance company, today announced it has signed a definitive agreement to acquire Galileo Financial Technologies (“Galileo”), the powerful financial services API and payments platform. SoFi will pay total purchase consideration of $1.2B to acquire Galileo, comprising cash and stock. Galileo’s digital payments platform enables critical checking and savings account-like functionality via its powerful open APIs, providing companies with an easy way to create sophisticated consumer and B2B financial services. The company’s offerings are accessible via...

Alipay Launches Initiatives to Support Wuhan Businesses

Alipay, the world’s leading open digital lifestyle platform operated by Ant Financial Services Group, today announced a series of initiatives to support small businesses in Wuhan as the city emerges from lockdown. These initiatives will later expand coverage to support service providers across China as they tap into the power of digital technologies to transform adversity into opportunities. Alipay has set up a special section, visible from the landing page of the Alipay app, to...

BMO Financial Group Completes Acquisition of Clearpool Group, Inc.

Fintech acquisition delivers modern, cloud-based electronic trading platform with visual data analytics and customizable algorithmic strategies Emphasizes BMO’s priorities to provide innovative technology to clients and expand in areas of opportunity and strength NEW YORK and TORONTO, April 6, 2020 /PRNewswire/ – BMO Financial Group (NYSE, TSX: BMO) today announced that it has completed the acquisition of Clearpool Group, Inc., a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer operating in the U.S. and Canada....

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