Search Results for "Galileo"
10 results for "Galileo"
Deals 9
OatFi Raises $24M Series A for Embedded B2B Credit Infrastructure
US-based OatFi secured $24M in Series A funding led by White Star Capital to build API-first embedded credit infrastructure for B2B payments. The platform integrates with AP/AR systems and partners like Unit, Transcard, and Galileo. Proceeds will accelerate product development targeting the $35 trillion US B2B payments market.
SoFi Adopts Galileo Cyberbank Core for Sponsor Banking Program
SoFi Technologies announced it will adopt Galileo's Cyberbank Core platform for its new commercial payment services sponsor banking program. The implementation leverages Galileo's modern core banking technology to power SoFi's expanding BaaS capabilities. Rollout was expected to complete in November 2024.
Mastercard Launches Engage Partner Network for White-Label BNPL Solutions
Mastercard announced its Engage partner network on December 7, 2022, connecting banks and lenders with fintech providers offering white-label buy-now-pay-later installment programs. The network includes fintechs such as Jifiti, Amount, Canopy, Galileo, LiftForward, and Peach Finance. Over 150 providers in Engage have deployed solutions on more than 500 million accounts using Mastercard services.
Galileo Launches Customizable BNPL Solution for Banks and Fintechs
Galileo Financial Technologies, a SoFi subsidiary, launched a customizable buy now, pay later (BNPL) solution enabling banks and fintechs to issue loans via bank partners. Galileo handles servicing, virtual cards, and underwriting integration. The product expands embedded lending capabilities for Galileo's BaaS platform.
WisdomTree Partners with Stride Bank and Galileo for Payments
WisdomTree announced Stride Bank and Galileo as partners for its payments infrastructure. Stride Bank serves as the sponsor bank while Galileo provides payment processing technology. The partnership supports WisdomTree's expansion into digital financial services beyond its traditional asset management business.
Clair Partners with MetaBank and Galileo to Expand Digital Banking Services
Clair, a US fintech offering instant pay access for hourly and gig workers, partnered with sponsor bank MetaBank and payments processor Galileo. The partnership enables FDIC-insured deposit accounts with no monthly, inactivity, or overdraft fees, along with savings and financial planning tools. MetaBank serves as the issuing bank while Galileo handles payment processing to improve financial inclusion.
Galileo Named Best Payment-as-a-Service Platform by Tearsheet
Galileo Financial Technologies was recognized as the Best Payment-as-a-Service Platform by Tearsheet. The award highlighted Galileo's API infrastructure supporting embedded payments and fintech card programs, including its Galileo Instant rapid payout product. The recognition underscores Galileo's role as a leading embedded payments infrastructure provider.
Galileo Launches Instant Issuing and Expands White-Label BaaS Platform
Galileo Financial Technologies expanded its white-label banking platform with new products including Galileo Instant Issuing for rapid debit card issuance and Galileo Money+ for financial advisors. The company processed millions of daily transactions and served challenger banks, gig economy apps, and payment fintechs without requiring long-term contracts.
BaaS Provider Galileo Financial Raises $77M Series A
Galileo Financial Technologies, a payments and financial services API platform powering fintech programs, raised $77 million in its first outside funding round. The Series A positioned Galileo as a key BaaS infrastructure provider after 19 years of bootstrapped growth. The investment recognized Galileo's role as the behind-the-scenes processor for major fintechs.