SoFi bought Peach Finance, a California fintech that provides loan management and servicing software to financial institutions.
The price wasn’t disclosed.
Peach, founded in 2018 by Eddie O., Eran Sandler, and Gur Brosh, has raised $35.8 million in total funding, backed by SciFi VC, Caffeinated Capital, Background Capital, Nyca Partners, and Canapi Ventures. Its raised $10.3 million in a Series B round in October 2024.
Peach will become part of SoFi Technology Solutions, joining Galileo, which was acquired in June 2020, and Technisys, bought in March 2022.
SoFi has inked three deals this year, including Composer in April and U.K. fintech PrimaryBid earlier this month.