Galileo’s powerful payment processing platform is fueling the world’s most innovative fintechs, neobanks and companies worldwide. Check out a recent roundup of our clients in the news, highlighting new valuations, product and geographic expansions, award recognitions and more.
• Fintech LendUp debuts bank for those struggling financially (The Business Journals)
• Robinhood, Remitly and Dave take all three spots on Inc. Magazine’s “Best in Business 2020” list for financial services (Inc.)
• Revolut launches mid-tier subscription plan (TechCrunch)
• UK challenger bank Monzo picks up an additional £60M in funding (TechCrunch)
• TransferWise plans to make 750 hires (Finextra)
• Bitcoin payments startup BitPay applies for national U.S. banking license (Forbes)
• TomoCredit CEO Kristy Kim named to Inc. Magazine’s Top 100 Female Founders (Inc.)
• Greenlight’s Tim Sheehan talks about its unicorn status and mission of ‘helping parents raise financially smart kids’ by shining a light on the world of money (Fintech Finance)
• Oxygen Bank raises $17 million in Series A round (SiliconANGLE); and founder and CEO Hussein Ahmed shares a typical day (Tearsheet)
• Mobility Capital Finance, Inc.’s founder and CEO Wole Coaxum pens an opinion piece on economic equality (Business Insider)
As the API standard for card issuing and digital banking, Galileo’s powerful payment processing platform offers the easiest way to create sophisticated payment card programs and digital banking solutions. For more news and insights, follow us on LinkedIn and Twitter.
Galileo Drives SoFi's Seamless Fintech Integration and Expansion
Since acquiring Galileo Financial Technologies in 2020, SoFi Technologies, Inc. SOFI has deepened its fintech infrastructure by integrating Galileo’s payment processing and tech capabilities across its growing suite of offerings.
Modern Banking Starts With Mindset Before Tech
Despite massive investments in digital transformation, a persistent gap between operational stability and forward-looking innovation continues to stall progress.
Subscription Economy Projected To Hit $1.2 Trillion by 2030
Many consumers may feel overwhelmed by their subscriptions, but that doesn’t seem to be stopping the practice from growing. According to a report released Monday by London-based Juniper Research, the subscription economy will nearly double in the next five years to US$1.2 trillion, from $722.5 billion in 2025.
Are You Rewarding The Right Customers? Here's How To Close The Loyalty Gap
Consumer needs have outpaced the financial solutions built to serve them. Most Americans use debit as a primary payment method—more than 90% of U.S. adults have a debit card—but they're not getting rewarded for their spend or brand loyalty.
Digital Wallets Unite Banks and FinTechs in Latin America’s Inclusion Push
Tory Jackson, head of business development and strategy for Latin America at Galileo, tells PYMNTS the region offers lessons for other nations for financial services innovation and financial inclusion.
