SoFi’s acquisition of Peach Finance, an API-first, cloud-native LENDTECH platform supporting $2 billion in active loans across 50+ lenders, including Square and Remitly, continues its M&A expansion with Peach joining SoFi Technology Solutions alongside Galileo Financial Technologies and Technisys. Founded in 2018 and backed by SciFi VC, Caffeinated Capital, Nyca Partners, and Canapi Ventures, Peach helps financial institutions and fintechs launch personal loans, credit cards, auto loans, and BNPL products. Strategically, the deal gives SoFi a more complete B2B infrastructure pitch, covering payments, card issuance, core banking, and now lending operations, and marks SoFi’s third acquisition in 2026, following Composer and PrimaryBid.

SoFi Buys Lending Tech Platform Peach