The year is off to an exciting start for Galileo clients! From fundraising to expansions, these innovative fintechs, neobanks and providers from around the world are making strides in their journeys to expand the financial frontier.
Check out our roundup of Galileo clients in the news recently.
• Several Galileo clients were named finalists for the LendIt Fintech Industry Award, including Fundbox and Lili.
• American Banker interviewed Dave CEO Jason Wilk about the company’s plans after going public.
• TechCrunch profiled Mesh Payments about the $50 million in Series B funding it raised to help support the platform’s continued development.
• MoneyLion’s acquisition of embedded finance marketplace Even Financial was featured by Fintech Futures.
• Finextra ran a feature on Revolut’s expansion into Western Europe.
• The launch of Robinhood’s First Trade Recommendations for beginner investors was recently highlighted by The Verge.
• Gotham Magazine profiled TomoCredit about its quest to help GenZ build credit.
• Tribal was showcased by PYMNTS for closing its $40 million debt funding round, which included $20 million USDC from the Stellar Development Foundation.
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Top 10 Embedded Finance Companies Powering Payments, Banking and Lending
Galileo Financial Technologies provides the infrastructure that allows fintech companies and other platforms to offer banking products, card programs and embedded payment solutions to their users.
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Secured credit cards, in theory, are a tremendously useful product, particularly for financially underserved consumers. But in practice, they’ve been burdened by frictions like clunky onboarding, locked collateral accounts and a stigma that kept many consumers away. “The product itself was never the problem,” Shankar Pandravada, senior director of product management at Galileo Financial Technologies, told PYMNTS. “The experience was.”
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SoFi enables 24/7 instant payments with FedNow®, letting members send and receive money in seconds via SoFi Tech Solutions’s real-time payment platform.
