As competition intensifies across fintech infrastructure and embedded financial services, firms are increasingly consolidating capabilities across payments, core banking, lending, and risk management. SoFi’s acquisition of Peach Finance reflects the company’s broader shift toward enterprise fintech infrastructure and B2B platform services.
US fintech SoFi Technologies has acquired lending infrastructure provider Peach Finance as the company continues expanding beyond consumer banking into enterprise financial technology services.
California-based Peach Finance develops loan servicing and management software used by banks, credit unions, and fintech lenders to launch and operate non-mortgage lending products.
The acquisition adds another infrastructure layer to SoFi Technology Solutions, the company’s B2B fintech division that already includes payments platform Galileo and core banking provider Technisys.
Financial terms of the deal were not disclosed.
Peach Finance was founded in 2018 and has raised nearly $36 million from investors including Nyca Partners, Canapi Ventures, SciFi VC, Caffeinated Capital, and Background Capital. The company last raised a $10.3 million Series B round in late 2024.
Peach co-founder and CEO Eddie Oistacher confirmed the transaction in a LinkedIn post, describing the combination as a move that brings together banking core technology, payments, ledgering, and fraud and risk capabilities within a single platform environment.
The deal marks SoFi’s third acquisition this year following its purchases of automated investing infrastructure firm Composer and UK-based retail investment platform Primary Bid.
While SoFi originally built its business around consumer lending and digital banking, the company has increasingly shifted toward infrastructure and enterprise services through acquisitions, platform expansion, and new banking products targeting institutional clients.
