Congratulations to our innovative clients and partners who are reimagining how their customers connect with their money in order to build a better financial future for their customers and the world.
As the global leader in modern financial technology, Galileo’s future-proof platform helps innovators expand the financial frontier. Check out our recent roundup of Galileo clients in the news, highlighting financings, product launches and industry growth.
• Lower raises $100M Series A led by Accel
• Cheese rolls out rewards geared towards Asian-owned businesses
• Klar raises Series B led by General Atlantic to support growth of its digital financial services platform in Mexico
• Prime Trust raises $64M Series A, reports topping $100M in annual revenue
• Lili targets freelancer business management with $55M Series B
• Fortú serves the underbanked and unbanked Latino communities in the U.S.
• Ualá’s CEO talks with CNN about the company’s mission and expansion
• Till Financial’s kids’ spend management app gets Gates’ backing
• The top 10 digital-first banking apps in the U.S. recorded 16.33 million installs during the first half of 2021
• Fintechs, including Cheese Financial and Purple Financial, show up for their communities
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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.
