Search Results for "Galileo Financial Technologies"
6 results for "Galileo Financial Technologies"
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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.
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.
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.