Which banks use Galileo?

Samsung, Mastercard and SoFi, with support from Galileo, launched Samsung Money by SoFi, a mobile-first money management account and branded debit card (FinTech Magazine).

What is Galileo payment?

Payment Solutions Integrated support for your debit, credit and prepaid programs—with physical and virtual card options, along with cardless money movement.

What does Galileo financial technologies do?

About Galileo Galileo, the API standard for card issuing, virtual card solutions and digital banking, is a global payments processing platform that powers world-leading fintechs, challenger banks, neobanks, financial services and investment firms by removing the complexity from payments.

Who is Galileo competitors?

We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to Galileo, including Pleo, Amazon Pay, Birdeye, and FreshBooks.

Who are Galileo’s customers?

Galileo provides bank technology to a who’s who of challenger banks — and SoFi’s rivals — including Chime, Varo, Dave, MoneyLion, Current, Revolut, Aspiration and TomoCredit. All have stayed on as Galileo customers.

How does Galileo make money?

Galileo powers payments for several big-name fintechs, including stock trading app Robinhood, money transfer service TransferWise and digital bank Chime. Galileo had annualized revenue near $100 million at the end of last year, according to a person familiar with the matter.

Who uses Galileo payments?

Galileo works with North & South America’s leading fintechs—including Dave.com, MoneyLion, SoFi, Ualá and many others—as well as with the U.S.-based business of international powerhouses, including Monzo and Wise.

How many clients does Galileo have?

Galileo Financial Technologies, a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), now supports 89 million accounts on its best-in-class financial technology platform, an 80% year-over-year increase from 49 million accounts in Q3 2020.

Why did SoFi acquire Galileo?

“Together with Galileo, we will partner to build on our companies’ strengths to drive even greater financial technology innovation, making those products and services available to both current and future partners.” The acquisition serves SoFi’s greater vision of becoming the ‘AWS of fintech’.

Who uses Galileo financial?

Did SoFi buy Galileo?

SoFi bought payment processing platform Galileo in 2020 and added the capability to power financial offerings for other firms via APIs, like cards and ACH payments, effectively stepping into the supplier side of the fintech equation.

Does Chime use Galileo?