About Galileo FT
Galileo FT is a company based in Sandy (United States) founded in 2000 was acquired by SoFi in April 2020.. Galileo FT has raised $85 million across 2 funding rounds from investors including SoFi, Accel and Mercato Partners. Galileo FT offers products and services including Card Issuing Platform, Payments Platform, and Digital Banking Platform. Galileo FT operates in a competitive market with competitors including Zeta, Tink, Adyen, Euronet Worldwide and EVO Payments, among others.
- Headquarter Sandy, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Galileo Financial Technologies, Llc
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Products & Services of Galileo FT
Galileo FT offers a comprehensive portfolio of products and services, including Card Issuing Platform, Payments Platform, and Digital Banking Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for issuing and managing payment cards securely
System for handling transactions and money transfers
Tools for checking, savings, and lending operations
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Funding Insights of Galileo FT
Galileo FT has successfully raised a total of $85M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $77 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $77.0M
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First Round
First Round
(01 Apr 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Galileo FT | Valuation | Accel | |
| Apr, 2014 | Amount | Series A - Galileo FT | Valuation | Mercato Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Galileo FT
Galileo FT has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include SoFi, Accel and Mercato Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Growth-stage investments in consumer tech are managed.
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Founded Year | Domain | Location | |
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Various consumer loans and financial services are offered online.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Galileo FT
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Galileo FT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Galileo Ft Comparisons
Competitors of Galileo FT
Galileo FT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Adyen, Euronet Worldwide and EVO Payments, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by EVO Payments, Inc.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Galileo Ft
Frequently Asked Questions about Galileo FT
When was Galileo FT founded?
Galileo FT was founded in 2000 and raised its 1st funding round 14 years after it was founded.
Where is Galileo FT located?
Galileo FT is headquartered in Sandy, United States. It is registered at Sandy, Utah, United States.
Is Galileo FT a funded company?
Galileo FT is a funded company, having raised a total of $85M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Apr 01, 2014.
What does Galileo FT do?
Founded in 2000 and based in Sandy, United States, Galileo operates as a fintech platform focused on open banking and payments. API-driven solutions are delivered to banks, fintech firms, and enterprises, encompassing core banking platforms, digital banking tools, white-label payment systems, card issuing, embedded finance, cryptocurrency processing, data analytics, credit and lending services, and risk compliance features. Cloud infrastructure supports the delivery of these offerings.
Who are the top competitors of Galileo FT?
What products or services does Galileo FT offer?
Galileo FT offers Card Issuing Platform, Payments Platform, and Digital Banking Platform.
Who are Galileo FT's investors?
Galileo FT has 4 investors. Key investors include SoFi, Accel, Mercato Partners, and Ryan Smith.
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