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Galileo Financial Technologies
Global payments processing platform
- 501-1000 employees
- Fintech
- B2B
- Enterprise
- Banking
- Payments
- Financial Services
- Sandy, UT
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Company mission
Galileo's mission is to expanding the financial frontier by powering the world's most innovative Fintechs.
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Our take
The global neobanking market is still growing at a staggering rate, valued at more than $50 billion and forecast to grow 50% annually for the foreseeable future. While companies like Revolut, Monzo, and Wise have been at the forefront of this digital revolution, Galileo has been a major background player.
In essence, the 2001-founded company provides some of the world’s leading fintechs (including the aforementioned Monzo and Wise), with the software and infrastructure they need to issue cards, process payments, and build innovative digital banking products.
The Fintech industry as a whole sat up and took notice when SoFi acquired Galileo for $1.2 billion in 2020, a year before going public. However, it's worth noting that since then, Galileo has continued operating as an independent subsidiary.
The hiring of financial industry veteran Derek White as CEO, and new partnerships with the likes of Fundbox and Global Rewards indicates that business is still booming for Galileo, while the company also looks to be exploring new, potentially very lucrative avenues in the crypto industry.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Generous vacation and holidays
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Comprehensive medical, dental, vision and life insurance benefits
- Tuition reimbursement on approved programs
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning Retirement plans and planning
- Monthly contribution up to $200 to help you pay off your student loans
- Fully stocked kitchen (snacks and drinks)
Company values
- Clients’ interest first – To take care of clients’ interests is to best serve Galileo's interests.
- Run after problems – Ensure they execute with excellence and make sure “things” do not fall through the cracks.
- Embrace diversity – Everyone should feel welcome, included and able to contribute.
- Get to the truth – Galileo can only make the best decisions if they have the right data, all of the perspectives, and if they align on the guiding principles.
- Make your footprint bigger than your foot – Selfless acts elevate the impact of Galileo's collective individual efforts.
- Do the right thing – If you’re not sure, do the harder thing.
- Be gritty. Be accountable – Set ambitious goals, be gritty, be accountable.
- Help People Grow – If we take care of our people, they will take care of our clients.
- Iterate, learn, innovate – We are all responsible for Innovation.
- Be Galileo missionaries – Galileo must be durable over the long term to achieve their mission - be a missionary.
- Don't Forget to Smile – Our ambition is contagious: it makes us smile to see people inside and outside of Galileo succeed.
Funding (2 rounds)
Oct 2019
$77m
SERIES A
May 2014
$8.3m
SERIES A
Total funding: $85.3m
This company has top investors
Leadership
Derek White
(CEO, not founder)Served as VP of Global FSI Cloud at Google before joining Galileo. Prior to this they were the Vice Chair & Chief Digital Officer at U.S. Bank. Previously spent almost a decade in senior roles at Barclays, including spells as Chief Customer Experience Officer, Global Retail & Business Banking, and Groupwide Chief Digital & Design Officer.
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