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Benzinga
Benzinga
Business
Adam Eckert

MYSTERIOUS: Why sofi shares are sliding today - You Need To See This

SoFi Technologies Inc

SoFi Technologies Inc (NASDAQ:SOFI) is trading lower Tuesday after the company announced it entered into a definitive merger agreement to acquire Technisys.

Technisys operates a cloud-native, digital multi-product core banking platform. The platform will help SoFi provide best-of-breed products as a one-stop-shop financial services platform, as well as build on the company's pursuit to become the Amazon.com Inc (NASDAQ:AMZN) Web Services of fintech.

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