SoFi Acquires Peach Finance to Accelerate B2B Infrastructure and Core Banking Consolidation

On May 22, 2026, US consumer fintech giant SoFi Technologies announced the acquisition of Peach Finance, a California-based lendtech company that provides advanced loan management and servicing software to banks, credit unions, and fintechs.

Peach Finance, founded in 2018, helps financial institutions design, launch, and service non-mortgage lending programs. The company had previously raised $35.8 million from prominent investors including SciFi VC, Caffeinated Capital, Background Capital, Nyca Partners, and Canapi Ventures. Following the acquisition, Peach will be folded into SoFi Technology Solutions, the B2B infrastructure division that houses core banking provider Technisys and payment processor Galileo.

Consolidation of the B2B Fintech Stack

The acquisition represents a major strategic shift for SoFi. While historically known as a consumer-facing financial "super-app," SoFi has aggressively weaponized its capital in 2026 to build a comprehensive, end-to-end B2B financial infrastructure stack.

This is SoFi's third major acquisition of 2026:

1. Composer (April 2026): Acquired for its automated trading strategy language and algorithmic execution infrastructure.
2. PrimaryBid (May 2026): Acquired to expand capital markets and retail investment access capabilities.
3. Peach Finance (May 2026): Acquired to integrate modern loan servicing, ledgering, and program management.

As Peach co-founder and CEO Eddie Oistacher stated, joining SoFi Technology Solutions "brings together processing, banking core and ledgering, payments, and risk and fraud capabilities under one roof."

Strategic Implications

• The "One-Stop Shop" B2B Stack: By combining Galileo (payments), Technisys (banking core), Composer (algorithmic trading), and Peach (loan servicing), SoFi is building a vertically integrated B2B stack. This allows SoFi to offer other banks and fintechs a complete "bank-in-a-box" infrastructure, reducing their reliance on fragmented legacy vendors.
• Diversified Revenue Streams: As consumer fintech valuations remain sensitive, SoFi is shifting its business mix toward high-margin, recurring enterprise software revenues, positioning itself as a primary infrastructure provider to the broader financial services ecosystem.