SoFi, a digital financial services provider, has acquired Peach Finance, a lending infrastructure startup. No financial details have been disclosed for this transaction.
Peach Finance, founded in 2018, provides loan servicing solutions using a cloud-based, software as a service (SaaS) platform that allows lenders to manage their lending process and customer accounts.
Eddie Oistacher, co-founder and CEO of Peach Finance, said the combined platform will bring together processing, core banking and ledgering, payments, and risk and fraud capabilities.
“Eight years ago, we started Peach with a simple belief: lending infrastructure could be built better — and you should not have to build it from scratch every time.
Since then, we’ve gone through late nights building the product, our first small office in Oakland, CA, landing our first customer, the uncertainty of the pandemic, and the many behind-the-scenes moments that come with building and operating a company in fintech. Through all of it, our focus stayed the same: build a platform our customers could trust, stay disciplined, and make long-term decisions with integrity,” Oistacher reminisced about the company’s corporate path.
Peach will become part of SoFi Technology Solutions, the division that includes Galileo and Technisys, both of which provide current SoFi fintech infrastructure.
Before the acquisition, Peach Finance has raised $27.5 million from various investors including Nyca Partners, Canapi Ventures, Caffeinated Capital, and Scifi VC. The company also supports over 50 lenders with over $2 billion in loans currently in the active loan database.
SoFi has three acquisitions in 2026 so far, including the acquisition of both the Composer and PrimaryBid assets this year.
Adding Peach’s loan servicing capabilities will help provide SoFi with more technology infrastructure for its enterprise business, which provides technology infrastructure services to providers of financial and banking products (fintechs and banks). SoFi’s plans for the enterprise segment also fit within its overall plans to grow market share in consumer banking and its consumer lending business.
In April, SoFi has added support to instant FedNow payments going in both directions (in and out) through Galileo Integration, giving members 24/7 real-time access to their funds. SoFi purchased payment processing fintech Galileo for $1.2 billion in 2020. Its cloud-native, developer-friendly platform is built to meet regulatory standards in target market, enabling SoFi to connect seamlessly to innovative banking and processing services in multiple locations.
In March 2026, SoFi announced an additional $3.6 billion in new loan platform agreements with institutional partners to further expand the company’s loan platform. As of the first quarter of 2026, SoFi has reported a total of 14.7 million members, representing an increase of 35% compared to the previous year.
