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.
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.
