Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
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NEW YORK (Reuters) - Online student lender Social Finance Inc has agreed to acquire payments technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday.Galileo's platform provides technology to allow companies to easily offer a range of financial services to consumers and businesses, including checking and savings accounts, direct deposits, ACH transfers and bill payments. San Francisco-based SoFi already uses Galileo's technology for its..