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.
Banks Are Asking the Wrong Questions About Core Modernization
In the early 2000s, Netflix offered Blockbuster an opportunity to integrate its online DVD rental model for $50 million. Blockbuster, bullish on its retail dominance, dismissed the offer, scoffing at the idea that digital and mail-based rentals could compete with its physical footprint. Blockbuster became a relic, while Netflix grew into a $433 billion global company.
Galileo Brings Co-Brand Debit Rewards to Hospitality Sector
Galileo is bringing its debit card rewards programme - which allows brands to offer debit users access to rewards normally reserved for credit card customers - to the US hospitality sector.
Choosing the Best Banking Option Isn’t Always Easy
Choosing the right banking option can be complex, with consumers weighing features like fees, accessibility and digital tools across traditional banks, credit unions, online banks and fintech firms.
Relationship Fragmentation is Killing Loyalty: How Should Banks Respond?
Banks have long believed that delivering core banking services inevitably leads to ownership of their customers' full financial needs. That's becoming a dangerous myth, according to a new report on emerging consumer behaviors across multiple generations.
Galileo Rolls Out Wire Transfer API for Fintechs
Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it is arming fintechs with wire transfer capabilities, enabling them to better serve consumers and businesses by offering another option for fast, secure money movement.
