The year is off to an exciting start for Galileo clients! From fundraising to expansions, these innovative fintechs, neobanks and providers from around the world are making strides in their journeys to expand the financial frontier.
Check out our roundup of Galileo clients in the news recently.
• Several Galileo clients were named finalists for the LendIt Fintech Industry Award, including Fundbox and Lili.
• American Banker interviewed Dave CEO Jason Wilk about the company’s plans after going public.
• TechCrunch profiled Mesh Payments about the $50 million in Series B funding it raised to help support the platform’s continued development.
• MoneyLion’s acquisition of embedded finance marketplace Even Financial was featured by Fintech Futures.
• Finextra ran a feature on Revolut’s expansion into Western Europe.
• The launch of Robinhood’s First Trade Recommendations for beginner investors was recently highlighted by The Verge.
• Gotham Magazine profiled TomoCredit about its quest to help GenZ build credit.
• Tribal was showcased by PYMNTS for closing its $40 million debt funding round, which included $20 million USDC from the Stellar Development Foundation.
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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.
