SoFi acquires Zenbanx

Modern lender-slash-unicorn SoFi announced it has acquired mobile-banking startup Zenbanx for $100 million in stock to launch a bank-account product and offer services like checking and credit cards (sounds a lot like a regular bank). Zenbanx is a 5 year old startup that offers banking, debit, payments and money transfer services to users online and through a mobile app. Recall: SoFi recently entered the term life insurance space via a partnership with Protective Life.