header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
Portuguese
GALILEO ACCOUNTS JUMP 119%, NET REVENUE RISES 138% IN Q2

Galileo Accounts Jump 119%, Net Revenue Rises 138% in Q2

17 de agosto de 2021

Galileo Financial Technologies, a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), expanded accounts on its platform to 79 million in Q2, up from 36 million a year ago.

The results were announced as part of SoFi’s Q2 financial results on August 12, 2021. This was SoFi’s first earnings announcement as a public company, after going public on June 1, 2021.

It was a strong quarter for SoFi, with the company highlighting several significant milestones. One of the most notable was that SoFi reached its eighth straight quarter of accelerating member growth, including the client base for Galileo, which SoFi acquired last year. Total net revenue for Galileo was $45.3 million, up 138% year-over-year compared to a partial Q2 in 2020 post-acquisition.

As the key component of SoFi’s Technology Platform segment, Galileo’s modern APIs are the foundation for leading neobanks in North America, and the company increasingly is expanding into non-financial sectors as well. In June, Galileo announced it supported Verizon to deliver Family Money, a new service for parents to help their kids as they take charge of their financial future.

“As a part of SoFi, Galileo is able to continue its momentum as a pioneer in increasing access to financial services in the U.S and around the world. We’re excited about Galileo’s amazing growth and are pleased with the results SoFi has achieved,” said Anthony Noto, CEO of SoFi. “Today, there is an incredible demand by organizations to be able to connect individuals with their money wherever they are: utilizing various devices, applications and digital access points—which is exactly what Galileo’s technology enables. This global demand will continue to be a growth driver for SoFi.”

See SoFi’s full second-quarter results for more details.

16 de outubro de 2024

SoFi adotará o Cyberbank Core da Galileo para patrocínio bancário

A SoFi Technologies faz parceria com a Galileo para adotar o Cyberbank Core, aprimorando seus novos serviços de pagamento comercial e programa de patrocínio bancário.

Ver Mais
25 de setembro de 2024

Galileo Lança Crédito Garantido com Financiamento Dinâmico

Descubra como o crédito garantido com financiamento dinâmico ajuda bancos e fintechs a oferecer soluções flexíveis de construção de crédito.

Ver Mais
10 de setembro de 2024

Galileo lança Verificação Instantânea de Conta e Pontuação de Risco com Aprendizado de Máquina

Novas ferramentas oferecem detecção de fraude em tempo real para fintechs, bancos e empresas, mantendo uma experiência de conta sem atritos para os clientes.

See More
27 de agosto de 2024

Galileo aprimora a oferta de gestão de despesas B2B com o Mastercard Smart Data

Como a Galileo Financial Technologies capacita clientes fintech como a Rho com o Mastercard Smart Data, melhorando a visibilidade dos gastos e simplificando a gestão de despesas para as empresas. Reduza erros, fraudes e trabalho manual com dados transacionais enriquecidos integrados de forma eficiente nos sistemas ERP.

Ver Mais
31 de julho de 2024

Plataforma Galileo impulsiona crescimento de contas no 2º trimestre

Descubra como a plataforma Galileo impulsionou o crescimento de contas no 2º trimestre com soluções inovadoras.

Ver Mais