Galileo is fortunate to partner with some of the most innovative fintechs, neobanks and companies around the world. These partners are making strides in expanding the financial frontier and creating extraordinary experiences that connect all people with their money when, where and how they need it.
Check out our recent roundup of Galileo clients in the news, highlighting new product releases, funding and other company news.
• Dave was featured by The Wall Street Journal in an article on the popularity of neobanking stocks.
• Albert was highlighted by Tearsheet for the wide release of its Albert Cash solution.
• Varo Bank raised a $510 million Series E round and was featured in TechCrunch, CNBC, Forbes and more.
• Ualá was featured by TechCrunch for its recent Series D funding raise of $350 million.
• Several Galileo clients, including Dave, made the Inc. 5000 list, which recognizes the fastest-growing private companies in America.
• Lower.com was highlighted by Inman for its services as a lender, loan servicer, insurance broker and deposit account.
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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.
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.
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.
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.
