In a Wharton Fintech exclusive podcast interview, Miguel Armaza and Guillermo Gonzalez went behind the scenes of one of the most transformational acquisitions in the fintech space to date. We sat down with Anthony Noto, CEO of SoFi, and Clay Wilkes, CEO of Galileo, to discuss their most recent transaction in which SoFi acquired Galileo for the total sum of $1.2 Billion.
What prompted SoFi to consider Galileo as a crucial strategic alternative? What were the challenges of executing a landmark transaction amidst a global pandemic?
Similarly, we had an opportunity to explore what the future holds for both companies. What products will both companies build by leveraging their unique strengths and capabilities? Wondering about international expansion?
Notably, both Anthony and Clay believe in the mission of advancing financial independence and inclusion for millions of historically disadvantaged consumers. This conviction has guided their decision to keep both companies independent, opening the door for far-reaching, industry-wide collaborations.
Thrilled enough? Join us for this exciting conversation with Anthony and Clay.
