Galileo’s powerful payments processing platform is fueling the world’s most innovative fintechs, neobanks and companies. Check out our recent roundup of Galileo clients in the news, highlighting award recognitions, fundraising and industry growth.
Oxygen was recognized for “Best Overall Fintech App” in the 2021 FinTech Breakthrough Awards (Yahoo Finance!)
Greenlight Financial Technology CEO Timothy Sheehan spoke about his company’s new educational investing service for kids (Tearsheet)
TomoCredit CEO Kristy Kim shared the company’s secret sauce for offering credit to those without a credit history (Mastercard)
KOHO Co-Founder and CEO Daniel Eberhard joined podcast host John Siracusa for a discussion of the company’s history and mission on the Bank on It Podcast
Paysafe Group listed on the NYSE after merging with a special purpose acquisition company (Coinspeaker)
Greenwood closed a $40M Series A investment to support its financial empowerment mission (CNN)
Aspiration was featured for disrupting financial services as a purpose-driven neobank on a mission to “build a better world” (Forbes)
Cheese, a startup digital bank for the Asian American community, is working with actor Jimmy Wong to raise money for anti-hate organizations (Protocol)
Ualá has reached more than 100,000 users in Mexico in just six months (Ualá) and was named one of the four fintechs disrupting the Latin American financial ecosystem (IBSIntelligence)
As the API standard for card issuing and digital banking, Galileo’s powerful payments 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.
Your Loyalty Program Might Be Ignoring Your Best Customers
For decades, most loyalty programs were built around credit cards. That alignment made sense at a time when revolving credit was the primary lens through which loyalty and rewards were structured. But consumer payment behavior has changed, and Gen Z is making that shift especially visible.
SoFi and Mastercard Partner to Enable SoFiUSD Settlement Across Mastercard’s Global Payments Network
SoFi’s fully reserved U.S. dollar stablecoin will support settlement across the Mastercard network, including for SoFi Bank, N.A. Galileo, SoFi’s technology platform, will be among the first to offer its clients and their issuing banks the choice to settle transactions using SoFiUSD The Mastercard Multi-Token Network will look to support SoFiUSD, help expand interoperability between digital assets and traditional forms of money
Southwest and Galileo Bring Rewards to Debit’s Doorstep
Galileo’s platform integrates issuing, processing, and program management so non-financial brands like Southwest can launch co-branded cards faster. The economics of debit rewards differ from credit, but Galileo CFO Bill Kennedy said technology efficiencies and deeper loyalty make the model sustainable.
United Airlines Launches MileagePlus Debit Rewards Card that Earns Miles for Spending and Saving
This new card allows MileagePlus members to earn miles through everyday purchases and qualifying account balances. Available now with no monthly fees with an average daily account balance of $2,000 or greater, MileagePlus members can open the debit rewards card at UnitedDebitRewards.com
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card
Southwest Airlines, powered by Galileo (SoFi’s tech platform), has launched the Rapid Rewards Debit Card, letting debit-first customers earn points on everyday purchases to redeem against flights.
