Sofi Technologies (SOFI) agrees on a deal to take over most of PrimaryBid, via Sky News

SoFi's acquisition of PrimaryBid strategically positions it within the burgeoning fintech sector, particularly in capital-raising solutions that gained traction during the pandemic.

Newsquawk StaffPublished 11 May 2026, 16:51 UTCOn the live feed at 16:31 UTC — 1 more headline followed before this page went public

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17:02

US sells USD 58bln of 3-year notes; Tail 0.6bps

16:41

US President Trump is meeting with his national security team Monday to discuss the way forward in the Iran war, including possibly resuming military action, after negotiations with the country deadlocked on Sunday, three US officials said via Axios

16:31

Sofi Technologies (SOFI) agrees on a deal to take over most of PrimaryBid, via Sky News

16:17

Enriched nuclear materials will not be transferred outside Iran, via Tasnim

16:17

Auction Preview: US to sell USD 58bln of 3-year notes at 18:00BST/13:00EDT

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"PrimaryBid, the British fintech which sprang to prominence amid a wave of emergency capital-raisings during the Covid pandemic, is being taken over by SoFi Technologies, the $20bn Nasdaq-listed giant."
Sources said that PrimaryBid had written to its investors on Monday to inform them of the development, which it said would enable it to return an undisclosed amount of capital to them.

Context

This move could enhance SoFi's offerings and expand its market share, which may attract investor attention. It remains crucial to assess how the market will perceive the integration and any potential risks or synergies associated with this deal.

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