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Galileo Clients in the News

August 10, 2020

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Companies powered by Galileo’s industry-leading, API-based payments processing platform continue to make headlines. From award recognitions to podcasts to new valuations and unicorns, Galileo’s roster of leading fintechs and challenger banks showcase innovation and commitment.

• MoneyLion, a new Galileo partner, just launched RoarMoney, an advanced mobile banking experience with a contactless mobile wallet. MoneyLion was recently recognized in Aite Group’s 2020 Inaugural Innovations Awards for the Best Digital Multiproduct Offering

• Several payments processing clients from Galileo’s roster of heavyweight fintechs topped PYMNTS.com’s Digital Banking Apps Ranked list, including KOHO, Monzo and Revolut.

• TransferWise confirmed its new $5 billion valuation, a 43 percent increase since May 2019, following its secondary share sale.

• Varo joined the Bank On It podcast as well as the 11:FS Fintech Insider Podcast to talk about the company’s plans and the future of fintech. 

• Qube Money launched a banking solution where consumers activate their money on a debit card in real time before each purchase. 

• BitPay introduced the first Mastercard prepaid card for cryptocurrency in the U.S. 

• Aspiration launched an initiative, called Plant Your Change, for customers to round up purchases and contribute those funds toward planting trees. 

• Paysafe achieved CarbonNeutral® status as part of its ongoing commitment to the environment and corporate responsibility.

• Digital remittance platform Remitly joined the exclusive unicorn club with an $85 million funding round that pushed its valuation to $1.5 billion

• Shopping and delivery service Shipt saw a 278 percent increase in revenue in Q1 2020 versus 2019 and hired double the shoppers, supporting the gig economy and consumer needs during the pandemic.

We’re proud to be the API standard for card issuing for fintechs, challenger banks and companies worldwide. For more news and insights, follow us on LinkedIn and Twitter.

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