Galoy
Galoy builds Bitcoin-native banking infrastructure, including Bitcoin-backed lending, Lightning payments, and custody, that integrates as a sidecar alongside existing core systems at regulated banks and credit unions.
- Company typePrivate
- Founded2021
- HeadquartersMountain View, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Galoy does
Galoy builds Bitcoin-native banking infrastructure that enables regulated financial institutions to offer Bitcoin and stablecoin services without replacing their existing core banking systems. The platform is built on a Rust-based, event-sourced architecture with GraphQL APIs and is ISO 27001:2022 certified, designed to deploy as a sidecar alongside Jack Henry, FIS, and Fiserv cores with custodian-agnostic integration to qualified custodians including BitGo, Anchorage, Coinbase Prime, Fireblocks, and Komainu.
The product surface is modular and bundles six use cases: Bitcoin-backed lending (the Lana platform, covering full loan lifecycle with automated LTV monitoring, margin calls, and liquidation), Bitcoin and Lightning payments with sub-second settlement, stablecoin payment rails, Bitcoin exchange under an OCC-approved riskless principal model, custody-agnostic Bitcoin custody, and embedded digital asset wallets. Supporting open-source libraries (Bria, Blink, cala, Stablesats) and interactive tools (Portfolio Analyzer, Bitcoin Exchange Revenue Analyzer, Risk Scenarios, Regulatory Radar) serve both as developer trust mechanisms and as top-of-funnel content for bank executives.
Galoy generates revenue primarily through software licensing and recurring platform services sold via direct enterprise sales to community banks, credit unions, regional banks, de novo Bitcoin-first banks, and fintechs. Pricing is quote-based under multi-year contracts; the Blink consumer wallet's country-wide El Salvador deployment provides production-scale proof. The company is venture-backed (~$7M raised across a 2021 seed led by Craft Ventures and a 2022 round led by Hivemind Capital Partners), headquartered in Delaware (Galoy Inc.), with a remote-first team of 11-50 employees distributed globally and led by founder/CEO Nicolas Burtey, CTO Justin Carter, and CSO Andrew Begin.
Galoy firmographics
Firmographics- Name
- Galoy
- Legal name
- Galoy Inc.
- Website
- https://galoy.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Galoy builds Bitcoin-native banking infrastructure, including Bitcoin-backed lending, Lightning payments, and custody, that integrates as a sidecar alongside existing core systems at regulated banks and credit unions.
- Ownership category
- akta.pro rank
Galoy industry classification
Industry- Product category
- Bitcoin Banking Infrastructure Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming Services (7371), Finance Services (6199)
- akta.pro primary industry
- Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN)
- akta.pro secondary industries
- On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Developer APIs & Node Access (RPC providers, node infrastructure APIs) (FSAPABAC)
Keywords
Where Galoy is headquartered
LocationHeadquarters
- HQ city
- Mountain View
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Galoy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Software Licensing: Galoy provides Bitcoin-native banking software to financial institutions under commercial agreements. The platform enables banks to offer Bitcoin-backed lending, Bitcoin and Lightning payments, stablecoin payments, and Bitcoin exchange services. Revenue is generated through software licensing agreements with regulated financial institutions.
- Platform Services: The company provides cloud-native infrastructure and managed services for banks integrating Bitcoin capabilities. Deployment options include self-hosted or managed configurations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise licensing for financial institutions |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
Galoy product offering
Product offeringCore offering
Galoy builds Bitcoin-native banking infrastructure software that enables regulated financial institutions to offer Bitcoin and stablecoin services. Its modular sidecar platform deploys alongside existing core banking systems (Jack Henry, FIS, Fiserv) without rip-and-replace, and bundles Bitcoin-backed lending, Lightning and on-chain payments, stablecoin payment rails, Bitcoin exchange, custodian-agnostic custody, and a unified digital asset wallet. The core lending sub-product is branded Lana, and the stack is underpinned by ISO 27001:2022-certified, Rust-based, event-sourced infrastructure exposed through GraphQL APIs.
Product overview
Galoy offers a modular platform-plus-products architecture for Bitcoin-native banking. The core Galoy Platform serves as the event-sourced, API-first banking infrastructure layer, which integrates alongside existing core banking systems (Jack Henry, FIS, Fiserv) as a sidecar. The platform is complemented by named products: Lana by Galoy (the Bitcoin-backed lending platform handling full loan lifecycle from origination through monitoring and liquidation); Bitcoin Payments (Lightning and on-chain payment processing); Stablecoin Payments; Bitcoin Exchange (riskless principal brokerage); Bitcoin Custody (custodian-agnostic); and Digital Asset Wallet (embedded in mobile banking). Supporting tools include the Portfolio Analyzer, Bitcoin Exchange Revenue Analyzer, Risk Scenarios, and Regulatory Radar. The company also maintains open-source libraries including Bria (Bitcoin wallet infrastructure), Blink (Lightning wallet), cala (double-entry accounting ledger), and Stablesats (dollar stability engine).
Differentiator
Problem solved
Functional benefit
Brands
- Lana: Bitcoin-backed lending platform that runs the full loan lifecycle, from origination through real-time loan-to-value monitoring, margin calls, and liquidation. Double-entry accounting and institutional governance controls are built in.
Products and services
- Galoy Platform (Bitcoin Banking Sidecar) Bitcoin-native core banking software deployed as a sidecar alongside existing core banking systems (Jack Henry, FIS, Fiserv), enabling regulated financial institutions to offer Bitcoin and stablecoin services without replacing their core.
- Lana by Galoy Bitcoin-backed lending platform that runs the full loan lifecycle from origination through real-time loan-to-value monitoring, margin calls, and liquidation, with double-entry accounting and institutional governance controls.
- Bitcoin Payments Bitcoin and Lightning Network payment processing for regulated institutions, providing instant 24/7 real-time settlement, low-cost cross-border transfers, on-chain settlement for larger transactions, and automated reconciliation with existing general ledger and compliance systems.
- Stablecoin Payments Stablecoin payment rails integrated alongside traditional banking infrastructure for faster, cheaper cross-border transfers, deployable as part of the Galoy Platform.
- Bitcoin Exchange Bitcoin brokerage capabilities enabling customers to buy and sell Bitcoin through their institution using familiar brokerage structures and the OCC-approved riskless principal model.
- Bitcoin Custody Custodian-agnostic infrastructure integrating with any qualified custodian, including BitGo, Anchorage, Coinbase Prime, Fireblocks, or in-house custody, for Bitcoin and digital asset custody services for regulated financial institutions.
- Digital Asset Wallet Unified wallet for checking, savings, Bitcoin, and stablecoins integrated into the institution's existing mobile banking experience, deliverable as a white-label digital asset wallet for bank customers.
Quantifiable outcome
- Over-collateralized Bitcoin-backed loans at 50-70% LTV provide substantial collateral buffer, reducing credit risk for institutions
- +5 more outcomes
Companies that use Galoy
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles5 records
Galoy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability2 records
Feature13 records
Galoy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- BitGocoreQualified custodian integrated with Galoy's platform for Bitcoin collateral storage in lending programs. Pre-built webhook-based integration for collateral operations and proof-of-reserves.
- KomainucoreQualified custodian integrated with Lana platform for Bitcoin collateral custody. Pre-built integrations for collateral operations in Bitcoin-backed lending lifecycle.
- Anchorage DigitalcoreQualified custodian integrated with Galoy's platform for Bitcoin and digital asset custody services for regulated financial institutions.
- Coinbase PrimecoreQualified custodian integrated with Galoy's platform providing digital asset custody for institutional clients.
- FireblockscoreInstitutional digital asset custody and infrastructure platform integrated with Galoy's Bitcoin banking infrastructure.
- Jack HenrycoreCore banking system that Galoy integrates alongside as a sidecar solution. No core replacement required - Galoy extends Jack Henry-powered banks with Bitcoin capabilities.
- FIScoreCore banking system that Galoy integrates alongside as a sidecar solution. Galoy adds Bitcoin capabilities without replacing FIS core banking infrastructure.
- FiservcoreCore banking system that Galoy integrates alongside as a sidecar solution. No rip-and-replace required - Fiserv-powered banks can add Bitcoin services through Galoy.
- ZariaminorRisk modeling collaboration partner that developed underlying stress tests for Lana's Bitcoin-backed lending platform, including 20-loan portfolio backtests and cascading liquidation simulations.
- Bank DirectorcoreMedia partner for Bitcoin banking webinar series targeting bank and credit union executives. Hosted educational webinar with Andrew Begin, CSO of Galoy, on Bitcoin strategy.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Galoy competitors and assessment
Company assessmentDirect peers
- Anchorage Digital: OCC-chartered digital asset bank providing custody, trading, and lending infrastructure for institutions. Directly comparable as a regulated platform serving institutional clients with Bitcoin services.
- Fireblocks: Digital asset custody and infrastructure platform serving institutional clients with wallet, trading, and settlement infrastructure. Comparable as a B2B infrastructure layer for digital asset services that banks integrate with.
- BitGo: Institutional digital asset custodian offering custody, lending, and trading services, with banking ambitions. Comparable as a qualified custodian integrating with banks and offering Bitcoin-backed lending infrastructure.
- Unchained Capital: Bitcoin-backed lending and custody services for individuals and institutions. Directly comparable in the Bitcoin-backed lending use case with collaborative custody model.
- Figure Technologies: Blockchain-based lending platform that built its own core banking infrastructure (Figure Connect) for asset-backed lending including crypto. Comparable in offering full-stack blockchain-native banking infrastructure.
- Prime Trust: Nevada-chartered trust company providing custody, payments, and banking infrastructure for digital assets. Comparable as a regulated financial institution offering banking-as-a-service for crypto.
- River Financial: Bitcoin-focused financial services company offering custody, payments, and Bitcoin-backed lending to individuals and businesses. Comparable target market and product set, though retail-tilted rather than enterprise banking.
- Custodia Bank: Special-purpose depository institution focused on digital assets, pursuing a federal bank charter. Comparable as a regulated entity offering digital asset banking services to institutional clients.
Emerging players
- Zero Hash: B2B crypto-as-a-service infrastructure layer providing custody, payments, and trading APIs for fintechs and banks. Comparable as embedded infrastructure for institutions adding digital asset capabilities.
Broad incumbents
- Thought Machine: Cloud-native core banking platform used by challenger banks and incumbents globally. Comparable as next-generation core banking infrastructure that banks adopt, though not Bitcoin-specialized.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Galoy social profiles
Digital presenceGaloy compliance and trust
Trust signalCompliance1 record
Galoy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Galoy leadership team
Management profileNumber of profiles
Profiles6 records
Galoy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Galoy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Galoy
What does Galoy do?
Galoy builds Bitcoin-native banking infrastructure software that enables regulated financial institutions to offer Bitcoin and stablecoin services. Its modular sidecar platform deploys alongside existing core banking systems (Jack Henry, FIS, Fiserv) without rip-and-replace, and bundles Bitcoin-backed lending, Lightning and on-chain payments, stablecoin payment rails, Bitcoin exchange, custodian-agnostic custody, and a unified digital asset wallet. The core lending sub-product is branded Lana, and the stack is underpinned by ISO 27001:2022-certified, Rust-based, event-sourced infrastructure exposed through GraphQL APIs.
Is Galoy a public or private company?
Galoy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Galoy founded?
Galoy was founded in 2021. It employs 11 to 50 people.
Where is Galoy based?
Galoy is headquartered in Mountain View, United States, in the North America region.
How does Galoy make money?
Two revenue lines are on record. Software Licensing is the primary driver. The others are platform Services.
Who are Galoy's main competitors?
Direct peers on record are Anchorage Digital, Fireblocks, BitGo, Unchained Capital, Figure Technologies, Prime Trust, River Financial and Custodia Bank. Zero Hash is listed as an emerging player. Thought Machine is listed as a broad incumbent.
Does Galoy have an API?
Yes. GraphQL APIs that integrate into existing core, compliance, and front-end systems without vendor lock-in. API-first and headless architecture enabling banks to extend infrastructure with Bitcoin capabilities. Developer documentation is at galoymoney.github.io/lana-bank.
What industry is Galoy in?
Galoy's product category is Bitcoin Banking Infrastructure Software. Its primary akta.pro industry code is FSADAFAN, Lending Protocol Infrastructure (Oracles, Rate Models, Vaults), with a secondary code of FSADADAG, On/Off-Ramps & Fiat Liquidity Providers for Stablecoins. Its NAICS code is 5182 and its SIC code is 7371.