Galileo Financial Technologies

What Galileo Financial Technologies does

Galileo Financial Technologies is a Banking-as-a-Service (BaaS) platform that provides cloud-native, API-first financial technology infrastructure to banks, fintechs, neobanks, and consumer brands across 13 countries in North and Latin America. Founded in 2003, Galileo was acquired by SoFi Technologies for $1.2 billion in 2020 and is currently rebranding as SoFi Technology Solutions to align identity with its parent. The platform's core products include Cyberbank Core (a composable, microservices-driven cloud-native core banking platform), Cyberbank Digital (digital banking channel infrastructure), Card Issuing (physical, virtual, and digital-first cards), Payment Hub (ACH, wires, RTP, and FedNow money movement), Secured Credit programs, Buy Now Pay Later, and a Payment Risk Platform. Supporting modules include Account-Level Authorization Controls, Deposit Sweep, Direct Deposit Switch, and Real-Time Funding.

The platform is architected as a pay-as-you-go API model that eliminates upfront infrastructure costs for clients, supplemented by subscription-based services and white-label deployment. Galileo serves multiple customer segments including fintechs seeking 2-6 month product launch timelines (versus traditional 2-5 year development), traditional banks modernizing legacy core systems (e.g., Valley Bank completed core modernization in 16 months), consumer brands embedding co-branded debit cards (Southwest Airlines Rapid Rewards, United Airlines MileagePlus), and embedded finance providers. Distribution occurs through direct enterprise sales, API self-service via the developer portal at docs.galileo-ft.com, the AWS Partner Network, and a partner bank network leveraging SoFi Bank as a sponsor bank for BaaS arrangements. AI capabilities include conversational NLP for customer service, anomaly detection for fraud prevention, and predictive analytics for credit underwriting, all positioned as embedded features rather than the platform's primary differentiator.

Name

Galileo Financial Technologies

Legal name

Galileo Financial Technologies, LLC

Website

https://galileo-ft.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Galileo Financial Technologies is a cloud-native, API-first Banking-as-a-Service platform serving banks, fintechs, and brands across 13 countries in North and Latin America. Acquired by SoFi for $1.2B in 2020, it is rebranding as SoFi Technology Solutions.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Credit Card Issuing (52221)

SIC

Finance Services (6199), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

akta.pro secondary industries

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Digital Banking & Neobank Platforms (BPAMAFAD), Tokenization, Network Vaults & Credential Management (FSAGABAF), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)

Keywords

• Banking-as-a-service platform
• Payment processing infrastructure
• Card issuing API
• Embedded finance platform
• Core banking technology

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. API/Platform Processing Fees: Pay-as-you-go model for API access and transaction processing. Eliminates upfront infrastructure costs through consumption-based pricing.
2. Platform Subscription/Services: Banking API platform services enabling fintechs to launch banking products in 2-6 months. Includes access to sandbox, documentation, and technical support.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Galileo Financial Technologies provides a cloud-native, API-first financial technology platform that enables banks, fintechs, and brands to build, launch, and scale modern banking and payment products. Its offerings span core banking infrastructure, card issuing, payment processing (ACH, wires, RTP, FedNow), lending, and risk management, delivered through Cyberbank Core and Cyberbank Digital platforms with modular APIs for rapid deployment.

Product overview

Galileo Financial Technologies is a Banking-as-a-Service (BaaS) platform offering a comprehensive suite of financial technology products organized as a platform-plus-modules architecture. The core platform consists of Cyberbank Core (cloud-native core banking infrastructure) and Cyberbank Digital (digital banking channels), which power the foundational capabilities. On top of the core, Galileo offers specialized product modules including Card Issuing (physical, virtual, digital-first), Payment Hub (ACH, wires, RTP money movement), Secured Credit, Buy Now Pay Later, and B2B Expense Management. The platform provides additional compliance and feature modules including Account-Level Authorization Controls (ALCs), Payment Risk Platform, Deposit Sweep, Round Up, Direct Deposit Switch, Real-Time Funding, Overdraft, Co-Brand Debit, and Digital Banking Channels with Conversational AI. The company serves banks, fintechs, and brands across North and Latin America through 13 countries, positioning itself as an API-first, developer-friendly financial technology infrastructure provider.

Differentiator

Problem solved

Functional benefit

Brands

• Cyberbank Core: A next-generation, cloud-native core banking platform designed to accelerate innovation, enhance customer experiences and boost operational efficiency.
• Cyberbank Digital

Products and services

• Cyberbank Core A next-generation, cloud-native, composable microservices-driven platform designed for digital banking transformation. Targets financial institutions, fintechs, and brands seeking to modernize legacy core systems and accelerate innovation in as little as three months.
• Cyberbank Digital A cloud-native digital banking platform designed for specific business segments including retail, SME, corporate, and payments. Provides AI-powered engagement tools, self-service options, and digital channels for seamless customer interactions.
• Card Issuing API-based card issuing platform for fintechs, banks, and brands. Supports physical, virtual, and digital-first cards including instant issue, push provisioning to Apple Pay, Google Pay, and Samsung Pay, EMV chip and contactless cards, and full card lifecycle management.
• Payment Hub A flexible, API-driven money movement solution connecting businesses to ACH, Same-Day ACH, wires, real-time payments, and FedNow rails. Includes real-time transaction screening, customizable payment controls, fraud detection, and instant account funding.
• Secured Credit Integrated secured credit platform supporting card issuing, payment processing, credit, analytics, and risk management. Helps financial institutions serve underbanked consumers with credit-building tools and real-time ledgering.
• Buy Now, Pay Later (BNPL) Pre-purchase Buy Now, Pay Later platform allowing customers to split purchases into installments through single-use virtual cards and installment loans. Designed for fintechs and merchants seeking embedded lending capabilities.
• Payment Risk Platform Advanced payment risk management suite providing instant verification, real-time transaction screening, 3D Secure fraud protection, and GScore card transaction risk assessment. Used by fintechs and banks to detect and prevent fraud across their card programs.
• Co-Brand Debit Co-branded debit card program offering for consumer brands. Includes branded applications, rewards features, and loyalty program integrations powering cards such as Southwest Airlines Rapid Rewards Debit and United MileagePlus Debit Rewards Card.
• Big Business Banking Enterprise banking service enabling businesses to manage fiat and cryptocurrency activity on a single nationally chartered platform. Targeted at enterprises requiring unified traditional and digital asset banking capabilities.

Quantifiable outcome

• 35% average reduction in fraud transactions among clients
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability4 records

Feature9 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• MastercardcoreTechnology or Integration · 20 April 2026Mastercard partnered with SoFi Technologies to test stablecoin settlement with SoFiUSD. The initiative leverages Mastercard's Multi-Token Network, and banks on Galileo's platform can opt into blockchain-based settlement.
• SoFi Bank, N.A.coreTechnology or Integration · 13 April 2026Galileo provides FedNow infrastructure enabling SoFi Bank to offer instant bank transfers via the FedNow Service. SoFi is among the first banks to enable both sending and receiving funds through the network, with plans to extend these capabilities to additional fintechs.
• Sunrise BankscoreTechnology or Integration · 4 November 2025United Airlines MileagePlus Debit Rewards Card issued by Sunrise Banks and developed in partnership with Galileo Financial Technologies. Card offers miles for spending and savings balances with a welcome bonus of 10,000 miles.
• Southwest AirlinescoreTechnology or Integration · 28 October 2025Southwest Airlines launched Rapid Rewards Debit Card powered by Galileo, allowing customers to earn points on everyday purchases. Card includes welcome bonus, unlimited points on spending, and Companion Pass bonus with no fees or credit checks.
• AWS Partner NetworkcoreTechnology or Integration · 22 October 2025Galileo joined the AWS Partner Network to expand access to its financial solutions for businesses. The partnership enables faster and more convenient deployment of financial technology products, supporting millions of accounts in North and Latin America.
• FinnovistaminorStrategic or Co-development Partner · 14 September 2025Partnership with Finnovista and Mastercard for Fintech Radar Chile and Peru research reports. Provided data and expertise for fintech ecosystem mapping in Latin America, identifying 485+ fintech startups in Chile and 346 in Peru.
• Mastercard Latin AmericaminorStrategic or Co-development Partner · 13 December 2024Partnership with Mastercard and Finnovista for Finnovista Fintech Radar Peru 2024, identifying 153 foreign fintech startups operating in Peru.
• Mastercard Smart DatacoreTechnology or Integration · 27 August 2024Galileo integrated Mastercard Smart Data into its B2B expense management platform, enabling enriched transaction data such as merchant details and purchase information to be delivered directly into businesses' ERP or expense management systems. Rho was the first fintech client.
• Valley BankminorOthersValley Bank completed core banking modernization in 16 months using Galileo's platform, serving as a reference implementation for other financial institutions.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Marqeta: Marqeta is a public card-issuing API platform powering fintechs and brands with physical and virtual card programs. Like Galileo, it operates an API-first BaaS stack focused on card issuing and payment processing, and competes head-to-head in Javelin's digital issuance rankings.
• Thought Machine: Thought Machine provides a cloud-native core banking platform used by challenger and incumbent banks to modernize deposits and lending. It is comparable to Galileo's Cyberbank Core and competes for the same core modernization RFPs (e.g., Valley Bank-style deals).
• Mambu: Mambu is a cloud banking SaaS platform enabling neobanks and lenders to launch deposit, lending, and account products via composable APIs. It targets the same financial institutions and fintechs as Galileo and represents an alternative BaaS stack.
• Unit Finance: Unit is an embedded banking and BaaS platform offering accounts, cards, payments, and lending infrastructure via APIs to startups and enterprises. It targets the same fintech and SMB customer base as Galileo, with overlap in card issuing and embedded finance.
• Treasury Prime: Treasury Prime provides a banking API and embedded finance marketplace connecting fintechs to chartered bank balance sheets. It competes with Galileo's API-first platform for fintech deposit and payment programs.

Broad incumbents

• Stripe Issuing: Stripe Issuing, part of Stripe's broader payments platform, lets businesses create and manage card programs. Stripe's scale and developer ecosystem make it a broad incumbent competing for the same API-driven card issuing workloads Galileo serves.
• Finastra: Finastra is a large incumbent financial software provider spanning core banking, lending, and payments. Its Fusion portfolio overlaps with Galileo's core modernization, lending, and payments capabilities sold to traditional banks.
• Jack Henry & Associates: Jack Henry provides core banking, payments, and digital banking technology primarily to U.S. community banks and credit unions. It competes with Galileo in core modernization and digital channel RFPs for established U.S. financial institutions.
• FIS (Fidelity National Information Services): FIS is a global incumbent in merchant acquiring, banking, and capital markets technology. Its Banking Solutions and Worldpay businesses compete with Galileo in payment processing, core banking, and embedded finance.
• Adyen: Adyen is a global payments platform unifying online, in-store, and platform payments for enterprises. While anchored in acquiring rather than issuing, it overlaps with Galileo's payment processing stack and competes for the same large enterprise and platform customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/galileofintech

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galileo Financial Technologies