SoftBank-backed SoFi buys HK-based fintech firm 8 Securities

SoftBank-backed US-based online personal finance company SoFi has acquired 8 Securities Limited, a Hong Kong-based fintech startup operating a mobile stock trading app. The deal will give SoFi an overseas footprint in the Asia market. Earlier this month, SoFi acquired US-based payment firm Galileo Financial Technologies at $1.2 billion, according to a recent press release.