Galoy

Bitcoin Banking Infrastructure Softwaregaloy.io

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

Bitcoin banking infrastructure
Digital asset lending
Lightning payments
Core banking software
Stablecoin payment rails

Where Galoy is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Galoy technology and API

Technology

Technology 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 signal

Partnerships

Ten partnerships are on record, tiered core and minor.

BitGocoreTechnology or IntegrationQualified 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.
KomainucoreTechnology or IntegrationQualified custodian integrated with Lana platform for Bitcoin collateral custody. Pre-built integrations for collateral operations in Bitcoin-backed lending lifecycle.
Anchorage DigitalcoreTechnology or IntegrationQualified custodian integrated with Galoy's platform for Bitcoin and digital asset custody services for regulated financial institutions.
Coinbase PrimecoreTechnology or IntegrationQualified custodian integrated with Galoy's platform providing digital asset custody for institutional clients.
FireblockscoreTechnology or IntegrationInstitutional digital asset custody and infrastructure platform integrated with Galoy's Bitcoin banking infrastructure.
Jack HenrycoreTechnology or IntegrationCore banking system that Galoy integrates alongside as a sidecar solution. No core replacement required - Galoy extends Jack Henry-powered banks with Bitcoin capabilities.
FIScoreTechnology or IntegrationCore banking system that Galoy integrates alongside as a sidecar solution. Galoy adds Bitcoin capabilities without replacing FIS core banking infrastructure.
FiservcoreTechnology or IntegrationCore banking system that Galoy integrates alongside as a sidecar solution. No rip-and-replace required - Fiserv-powered banks can add Bitcoin services through Galoy.
ZariaminorStrategic or Co-development PartnerRisk 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 DirectorcoreGTM or Marketing PartnerMedia 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 assessment

Direct 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 compliance and trust

Trust signal

Compliance1 record

Galoy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Galoy leadership team

Management profile

Number of profiles

Profiles6 records

Galoy funding detail

Funding detail

Funding 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 investment

M&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?

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.