SoFi held acquisition talks with Charles Schwab

SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. The M&A talks were first reported by the Financial Times and were said to take place earlier this year.

The so what: SoFi's last round of funding from Silver Lake supposedly valued the company north of $4B, and according to FT, SoFi had an indicative offer of $6B from a foreign bank but was targeting a price of $8B-10B. As mentioned above, there is increasing interest from large financial institutions which means there might be a healthy market for acquisition opportunities as older fintech companies start to mature. 


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