Congratulations to more than a dozen Galileo clients who have made headlines recently in the U.S., Canada and the UK. See a sampling of headlines and articles below from our roster of leading fintechs worldwide.
Many fintech and challenger bank clients recently announced funding rounds, including KOHO, BlueVine and Greenlight.
Canadian neobank Koho’s Series B funding round secures additional $25 million (Crowdfund Insider)
Bluevine Capital raises $102.5M to scale business banking platform (Mobile Payments Today)
Greenlight raises $54 million for a debit card that teaches kids financial literacy (Venture Beat)
Other clients, like Revolut, Robinhood and Monzo, were named for various recognitions and awards.
Revolut named UK’s fastest-growing technology company (AltFi News)
Robinhood ranked #7 on LinkedIn’s top startups to work for in the U.S. list (CNBC)
Monzo tops ‘most recommended’ brand list for Brits (The Drum)
Several other fintech clients, including Remitly, Varo, TransferWise, Shipt and SoFi were in the news for other milestones, partnerships and announcements.
Remitly launches Passbook, a neobank aimed at immigrants (TechCrunch)
Varo moves closer to becoming a bank (Wall Street Journal)
TransferWise reports profits third year in a row (Tearsheet)
Shipt teams with Sur La Table (Progressive Grocer)
SoFi teams up with Mastercard on debit card, payment products (PYMNTS.com)
New fintech research from FT Partners highlights Varo, Aspiration and more (FT Partners)
We’re proud to be the API standard for card issuing programs and fintech innovation for these and other clients worldwide.
Is SoFi’s Galileo the Future of Embedded Finance?
The embedded finance sector is experiencing unprecedented growth, projected to continue growing at a compound annual growth rate (CAGR) of 16.8% through 2029. Leading the charge is Galileo, the B2B financial services arm of SoFi Technologies.
Debit Rewards Surge as Consumers Shift Spending Preferences
Debit rewards programs, which were significantly reduced by as much as 50% immediately after the Durbin Amendment capped fees on debit card payments, are now seeing new life. This comeback is fueled by the continued rise of debit as a preferred spending method.
Galileo Transforms SoFi Into the Backbone of Embedded Finance
Galileo, the B2B financial services arm of SoFi Technologies, Inc. SOFI, is emerging as a key engine of growth in the rapidly expanding embedded finance market. By offering seamless payment and lending integrations, Galileo enables financial and non-financial firms to embed banking capabilities directly into their platforms.
Virtual Cards Are Gaining Ground. Here’s What Banks Must Do Next
This shift highlights growing comfort with digital-first payments. But while usage is climbing, many banks and financial institutions still struggle to explain why virtual cards matter and how consumers can benefit from them.
One-Tap Payment Switch Gives Banks the Edge in Account Primacy
Prashant Shah, VP of product management at Galileo Financial Technologies, challenged the PYMNTS audience to remember a recent bill paying experience where updating a subscription meant having to chase down Netflix or Amazon — even the local power company — to log into each individual site to update payment details.
