Galileo’s powerful payment processing platform is fueling the most innovative fintechs, neobanks and companies worldwide. Check out a recent roundup of our clients in the news, highlighting new funding and valuations, industry growth and company expansions.
• Dave CEO Jason Wilk shares how the company is making moves to push further into banking (Protocol).
• Oxygen completed its series A raise of $17 million to serve its 125,000 business and personal accounts (siliconANGLE).
• Albert recently closed a $100 million series C funding round to grow its financial products (Medium).
• Ualá was mentioned in a recent article for being a key player in the Latin America fintech sector (Crowdfund Insider). Ualá was also featured in Rocking Talent magazine where Ualá's founder and CEO Pierpaolo Barbieri shared the importance of financial inclusion and financial education.
• MoneyLion was among the companies mentioned in a recent article that indicates +40% growth among top challenger banks (Trading Platforms). In addition, the company announced it has entered into a definitive agreement that would result in MoneyLion becoming a publicly listed company via SPAC funding. The estimated post-transaction enterprise value is $2.4 billion (MoneyLion).
• CarIQ is accelerating the connected automotive future and making "pay by car" happen (PYMNTS).
• Lili was featured as a fintech that is helping businesses quickly pay gig workers (FinLedger).
• Mesh Payments’ $13 million funding round was covered by Fintech Finance. The startup—which increased its paying clients 20x in the past year—will use the funding to expand its sales and marketing efforts related to transforming the way corporate payments are processed, paid and managed.
• TomoCredit’s $7 million funding round, which will be used to continue the company’s mission to help cash rich but credit poor individuals establish credit histories, was covered by TechCrunch.
As the API standard for card issuing and digital banking, Galileo’s powerful payment processing platform offers the easiest way to create sophisticated payment card programs and digital banking solutions. For more news and insights, follow us on LinkedIn and Twitter.
The Spring Surge: New Galileo Debit Spend Index Charts Q1 Spend and the Year Ahead
American consumers spent cautiously on debit through January and early February before early tax refunds and spring weather sparked a March spending surge, according to the inaugural Galileo Debit Spend Index.
Why Gen Z’s Debit Card Push is Eating Into Credit Card Profits
For people worried about the economy and dealing with affordability issues, one option could be to tuck that high interest rate credit card aside and reach for a trusty debit card instead. To uncover the latest debit card trends, CardRates recently sat down with Paul Dunning, Vice President of Business Development at Galileo Financial Technologies, a fintech firm owned by SoFi. He explained why Gen Z consumers are turning to debit cards and expecting rewards, the compelling case for debit card rewards, and the appeal of debit cards for the debit-first consumer.
Half of Consumers Have Chosen One Brand Over Another Because Paying or Getting a Refund Was Easier
Consumer demand for financial services embedded within brand apps is outpacing brands’ ability to deliver, with most executives recognizing the gap. New research from Galileo Financial Technologies, soon to become SoFi Technology Solutions, found that 80% of brand executives say they plan to launch integrated financial services, but only 20% have done so thus far. The 2026 Galileo Integrated Financial Services Research Report, based on surveys of more than 2,000 U.S. consumers and 150 senior executives, shows that while consumers are already using features like saved cards, rewards, and instant refunds inside brand apps, most brands have yet to launch these capabilities.
Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
Half of consumers have chosen one brand over another because paying or getting a refund was easier
Introducing SoFi Tech Solutions: A Unified Brand Built to Power End-to-End Financial Innovation
We’re evolving from Galileo to SoFi Tech Solutions to reflect the full scope of our platform. We deliver end-to-end infrastructure for fintechs, brands, and financial institutions, now backed by SoFi’s scale and resources. Our mission stays the same: support our clients’ growth while maintaining platform neutrality and strong data protections.
