header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
GALILEO OPENS LATIN AMERICA HEADQUARTERS

Galileo Opens Latin America Headquarters

10 de março de 2021

Payments technology leader significantly invests in market innovation, expands client base and team in Latin America

Galileo, the API standard for card issuing and digital banking and a leading technology platform subsidiary of Social Finance, Inc. (SoFi), today announced the opening of a Latin America headquarters and innovation center in the iconic Torre Reforma building in Mexico City. The move follows the incorporation of Galileo’s Mexican subsidiary and the initial opening of its first office outside the U.S. in Mexico City last year. It reinforces the company’s strategic commitment and exponential growth in Latin America, as well as strong market reception for innovative payment solutions in the region. This expanded presence will enable Galileo to serve strategic markets across Latin America in-market and in-language, and co-innovate with dynamic technology firms to bring differentiated products and services to their clients.

Galileo was the first payments processor to secure certification with the Mastercard Mexico Domestic Switch (MxDS) and first to launch as part of Mastercard’s Fintech Accelerate program in Mexico. Today, Galileo powers leading fintechs in Mexico, and the company is a key innovator in the growing Latin America payments tech industry. Galileo’s payment technology can benefit fintechs, banks and partners seeking an agile platform to enable digital commerce and digital financial services. Leading companies, like Klar which has grown 6x in the last year and now has 200,000 active accounts, utilize Galileo’s robust APIs to power their digital finance offerings.

“As Galileo and Mexico’s fintech industry continue to grow, we recognized the need to expand our physical presence and in-country support to provide world-class solutions for our clients,” said Tory Jackson, Head of Business Development and Strategy, Latin America for Galileo. “Galileo was founded with a focus on financial inclusion, and we are proud to partner with innovators to advance financial inclusion and digital transformation in Latin America. Since last year’s first office opening, Mexico City has proven to be an amazing home for Galileo, and this new office solidifies our commitment to supporting the fintech industry in Mexico and LATAM.”

“At Mastercard we strongly believe that supporting the entry of new players to the industry will help solve unmet consumer needs and will promote financial inclusion, while raising the quality of services offered into the market,” said Carlos Pacheco, Vice President of Market Development for Mastercard Mexico & Central America. “We are committed therefore to work alongside Galileo to continue to promote digital transformation in the market.”

Galileo’s Mexican subsidiary’s world-class office in the landmark, 57-story Torre Reforma building in Mexico City’s cultural, historical and financial district will serve as a headquarters for the technology innovator’s rapidly expanding team. It will initially be hiring about 25 new team members across Engineering, Payment Technology, Product Innovation, Client Success and Operations with capacity for about 55 team members. The award-winning, earthquake-resistant, LEED Platinum-certified building is among the tallest in Mexico City, and home to other global organizations such as SC Johnson, ExxonMobil, Hitachi and many others. These Mexico City-based team members will join the leading and fast-growing company’s teams distributed principally across offices in Salt Lake City, New York City, Seattle and San Francisco.

Interested in partnering or working in Latin America? Contact us to learn more!

Click here to read this announcement on the wire.

11 de junho de 2024

Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status

Galileo Consumer Banking Report by Datos Insights uncovers the latest consumer banking behaviors and preferences

See More
14 de maio de 2024

Galileo Highlights its Comprehensive Financial Technology Platform at the Chile Fintech Forum 2024

This is Galileo's first event in Chile following the acquisition of the Argentine unicorn Technisys. As a pioneer in financial technology with 23 years in the industry, the firm offers unparalleled experience and scalability.

See More
29 de abril de 2024

Galileo Tops 150 Million Accounts in Another Strong Quarter

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, surpassed 150 million total enabled accounts saw continued year-over-year net revenue growth in the first quarter of 2024.

See More
16 de abril de 2024

Rapid Finance Taps SoFi and Galileo to Enable Small Business Financing

Learn about the new Rapid Access Mastercard by Rapid Finance, in collaboration with Galileo and SoFi Bank. Tailored for small businesses, this card offers flexible, instant access to funds, empowering SMBs with the financial solutions they need to thrive.

See More
19 de março de 2024

Galileo Launches BNPL Post-Purchase for Credit & Debit

The new BNPL post purchase offering helps banks and fintechs give consumers greater financial flexibility

See More