The acquisition expands SoFi’s enterprise technology capabilities, according to a Thursday (May 21) report by Coverager.
Founded in 2018, Peach Finance provides a Software-as-a-Service (SaaS) platform that supports loan servicing, processing, and infrastructure for consumer lenders, per the report.
Prior to the acquisition, Peach had raised approximately $27.5 million from investors such as Nyca Partners, Canapi Ventures, Caffeinated Capital and SciFi VC, according to the report.
Peach Finance will be integrated into the SoFi Technology Solutions segment, which already includes major FinTech infrastructure players Galileo and Technisys. Peach Finance Co-founder and CEO Eddie Oistacher said the combined platform will offer a comprehensive suite of services, bringing together core banking, ledgering, payments, processing, and risk and fraud capabilities.
This acquisition represents a significant expansion of SoFi’s business model, which has evolved beyond providing consumer financial products to offering a robust infrastructure layer for third-party banks and FinTechs. By incorporating Peach’s specialized software, SoFi adds a critical component to its enterprise ecosystem.
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Peach Finance currently has approximately 54 employees, the report said, citing LinkedIn figures. The deal positions SoFi to provide a more vertically integrated technology stack for other financial institutions looking to modernize their lending operations.
The Peach Finance acquisition is part of a broader expansion strategy that has helped SoFi reach 14.7 million members, a 35% year-over-year increase as of early 2026. This growth is fueled by an “Everything Financial Services” app strategy where 43% of new products are now adopted by existing members, significantly deepening engagement across the ecosystem.
Beyond loan servicing, SoFi is scaling its capital markets and blockchain capabilities. As PYMNTS reported, the firm recently acquired the assets of PrimaryBid’s directed share program to democratize public market offerings and launched “Big Business Banking,” a tool that allows enterprises to manage both fiat and cryptocurrency through a single nationally chartered bank. By becoming the first national bank to issue a stablecoin (SoFiUSD), SoFi has integrated traditional and on-chain finance to provide the 24/7, real-time transaction capabilities that modern businesses require.
