Orrick Advises SoFi on Acquisition of Zenbanx

February.02.2017

Orrick has advised financial startup SoFi on its acquisition of Zenbanx, a Delaware-based company that offers customers a mobile banking account that enables them to save, send and spend in multiple currencies. As part of the acquisition, Zenbanx founder and CEO Arkadi Kuhlmann will join SoFi’s management team leading the development of new banking services.

Orrick has been advising SoFi since its inception in 2011, including its most recent $1 billion Series E financing round. The Orrick team advising SoFi was led by partners Peter Cohn and Mark Seneca and included assistance by associates Chris Trester and Diana Stern, as well as partner Steven Malvey and associate Kimberly Loocke on tax issues, partners Nancy Chen and Michael Yang and associate Katherine Hogan on compensation and benefits, partner Daniel Yost and associate Ramin Tohidi on IP issues and partner Barrie VanBrackle on compliance.