About Galoy
Galoy is a company based in Sunnyvale (United States) founded in 2019 by Nicolas Burtey.. Galoy has raised $7 million across 2 funding rounds from investors including AlphaPoint, Hivemind Ventures and Valor Equity Partners. Galoy offers products and services including Lana and Blink Wallet. Galoy operates in a competitive market with competitors including Fiat Republic, Interlace, Vesto, BipTap and Jewel Bank, among others.
- Headquarter Sunnyvale, United States
- Founders Nicolas Burtey
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Galoy Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Aug 03, 2022
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Investors
AlphaPoint
& 12 more
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Employee Count
Employee Count
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Products & Services of Galoy
Galoy offers a comprehensive portfolio of products and services, including Lana and Blink Wallet. 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.
Enables bitcoin-backed lending for banking customers.
Secure platform for Bitcoin and Lightning payments.
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Funding Insights of Galoy
Galoy has successfully raised a total of $7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in August 2022. 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 — $4.0M
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First Round
First Round
(15 Dec 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Galoy | Valuation | Hivemind | |
| Dec, 2021 | Amount | Seed - Galoy | Valuation | Fulgur Ventures , Bitcoiner Ventures |
| 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 Galoy
Galoy has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include AlphaPoint, Hivemind Ventures and Valor Equity 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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Private equity firm
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Founded Year | Domain | Location | |
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Investments are made in Bitcoin-related startups and financial services firms.
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Founded Year | Domain | Location | |
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Kingsway Capital is engaged in providing investment management services.
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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 Galoy
| 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 - Galoy
| 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 |
Galoy Comparisons
Competitors of Galoy
Galoy 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 Fiat Republic, Interlace, Vesto, BipTap and Jewel Bank, 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 |
API for fiat and cryptocurrency transactions is provided to businesses.
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| domain | founded_year | HQ Location |
Online dating platform developed for user connections and video viewing.
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| domain | founded_year | HQ Location |
Crypto banking infrastructure is provided for financial services platforms.
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| domain | founded_year | HQ Location |
Blockchain-based privacy-centric offshore banking solutions are developed.
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| domain | founded_year | HQ Location |
Digitally native bank for digital asset investors and market makers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Galoy
Frequently Asked Questions about Galoy
When was Galoy founded?
Galoy was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Galoy located?
Galoy is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of Galoy?
Nicolas Burtey is the current CEO of Galoy. They have also founded this company.
Is Galoy a funded company?
Galoy is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Dec 15, 2021.
What does Galoy do?
Cryptocurrency-based banking infrastructure solutions for businesses and communities. It also facilitates banking-as-a-service solutions for crypto users. It offers services such as money transfers, QR-based payments, and more.
Who are the top competitors of Galoy?
Galoy's top competitors include Fiat Republic, BipTap and Vesto.
What products or services does Galoy offer?
Galoy offers Lana and Blink Wallet.
Who are Galoy's investors?
Galoy has 13 investors. Key investors include AlphaPoint, Hivemind Ventures, Valor Equity Partners, TimechainSwap, and El Zonte Capital.