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SoFi Acquires Galileo Financial Technologies for $1.2 Billion

One of the largest Fintechs in the US, SoFi, has acquired Galileo Financial Technologies for $1.2 billion in both cash and stock, according to a company release. Galileo is a provider of a digital payments platform that is described as being “critical to checking and… Read More

Galileo Posts 88% Run Rate Increase in 2018

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Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday its significant growth and an expanded portfolio of payments and cash management solutions that increase business opportunities for its clients. Galileo reported its client base grew 34 percent and the company’s number of employees increased… Read More

Galileo Launches New Virtual Commercial Card Solution

Galileo

Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday the launch of its new virtual commercial card solution, which offers fraud detection and industry-leading features, including easy API implementation and software integration, on-demand virtual card creation and real-time alerts.  According to Galileo, the Galileo… Read More

Galileo Debuts Global Cryptocurrency API Solution

Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday the launch of its Galileo Cryptocurrency API to bridge the gap between cryptocurrencies and mainstream payments. According to Galileo, the cryptocurrency solution enables customers to seamlessly deposit funds denominated in cryptocurrencies to their accounts,… Read More

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