Galileo is fortunate to partner with some of the most innovative fintechs, neobanks and companies around the globe as their trusted guide to the financial frontier.
Check out our recent roundup of Galileo clients in the news, highlighting new partnerships, product releases, award nominations and other company news.
• Albert, Till Financial, Tribal Credit and Varo were named by Tearsheet as finalists for the 2021 Challengers Awards.
• CapWay CEO and founder Sheena Allen spoke to Bloomberg about the launch of a debit card for the unbanked.
• The Change Company was named to Fortune’s 2021 "Change the World" list for how it creatively uses tools of capitalism—including the profit motive—to address society’s unmet needs.
• Fundbox was profiled by PYMNTS for a story on how spend management solutions help power growth and facilitate remote work.
• Propel Founder and CEO Jimmy Chen recently spoke with Forbes about serving the underbanked.
• Soon named Galileo as a partner on its innovative approach to investing.
• Toast was highlighted by Total Food Service for the success of its IPO.
• Tomo Credit Co-Founder and CEO Kristy Kim’s participation in a Money 2020 panel on why traditional credit-scoring systems exclude a large cohort of consumers was mentioned by Business Insider.
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Is SoFi’s Galileo the Future of Embedded Finance?
The embedded finance sector is experiencing unprecedented growth, projected to continue growing at a compound annual growth rate (CAGR) of 16.8% through 2029. Leading the charge is Galileo, the B2B financial services arm of SoFi Technologies.
Debit Rewards Surge as Consumers Shift Spending Preferences
Debit rewards programs, which were significantly reduced by as much as 50% immediately after the Durbin Amendment capped fees on debit card payments, are now seeing new life. This comeback is fueled by the continued rise of debit as a preferred spending method.
Galileo Transforms SoFi Into the Backbone of Embedded Finance
Galileo, the B2B financial services arm of SoFi Technologies, Inc. SOFI, is emerging as a key engine of growth in the rapidly expanding embedded finance market. By offering seamless payment and lending integrations, Galileo enables financial and non-financial firms to embed banking capabilities directly into their platforms.
Virtual Cards Are Gaining Ground. Here’s What Banks Must Do Next
This shift highlights growing comfort with digital-first payments. But while usage is climbing, many banks and financial institutions still struggle to explain why virtual cards matter and how consumers can benefit from them.
One-Tap Payment Switch Gives Banks the Edge in Account Primacy
Prashant Shah, VP of product management at Galileo Financial Technologies, challenged the PYMNTS audience to remember a recent bill paying experience where updating a subscription meant having to chase down Netflix or Amazon — even the local power company — to log into each individual site to update payment details.
