Lend Academy Article: What the SoFi Acquisition of Zenbanx Means for the Future of Fintech

SoFi bought online bank Zenbanx for approximately $100 million and will now be the first online lender to offer deposit accounts; Lend Academy provides more details on the acquisition in their article; the acquisition will help SoFi become a more central source for financial services to their clients; Zenbanx currently offers mobile accounts in the US and Canada; the current business will become integrated with SoFi’s operations and Zenbanx’s founder and CEO will be joining SoFi to run banking services; the acquisition gives SoFi significant latitude to launch additional banking products and the deposit accounts will add to the company’s current products which now include student loan refinancing, consumer loans, mortgages, wealth management services and insurance.  Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]