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Galileo

Provider
Card IssuingBaaSLendingPSP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 21 companies across 4 categories.

galileo.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesCard Issuing, BaaS, Lending, PSP
Rank#5 of 231 in Card Issuing
Buyers21 companies
HeadquartersSalt Lake City, Utah, USA
Founded2000
FoundersClay Wilkes
Raised$85M (pre-acquisition) + $1.2B acquisition by SoFi
OwnerSoFi (2020)

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Founders & story · from Galileo’s own dossier

Founded 2000 as a bootstrapped backend integrator for early digital financial services, Galileo became the card-issuing and account-processing backbone for a generation of neobanks — Chime, Robinhood, Monzo, TransferWise. Acquired by SoFi for $1.2B in 2020 but operated independently under the Galileo brand. In 2026 the parent completed the integration by rebranding the platform 'SoFi Technology Solutions,' pushing Galileo up-market to compete with Marqeta, Fiserv and the modern BaaS/core stack (Cyberbank Core, Konecta AI) across banks, fintechs and consumer brands.

Latest round: Acquired by SoFi Technologies (2020)
Recent developments
  • 2025-03Wyndham Rewards Debit Card launched on the Galileo platform. source ↗
  • 2025Named Best-in-Class in Javelin's 2025 Digital Issuance Provider Scorecard. source ↗
  • 2026Rebrand from Galileo Financial Technologies to SoFi Technology Solutions. source ↗
  • 2022-12-01Released BNPL software for banks/fintechs; unveiled direct deposit switch source ↗
Full dossier: Galileo’s own stack, layer by layer →
Ownership
Acquired by SoFi in 2020.
Who uses Galileo
21 companies disclose Galileo in their stack
Global RewardsMyBambuMercantil BancoDirect Deposit SwitchDaveNorthOnePomelos Remit Now PayFundboxCustomisableMoneyLionCustomisable BnplFlyp+9 more
Buyer mix · 21 of 21 classified
Fintech / Neobank · 4Bank / National · 2Fintech / Consumer banking · 2Fintech / Investment · 2Fintech / SMB banking · 2Infrastructure / Lending · 2Infrastructure / Payroll · 2Fintech / Cross-border payments · 1
US · 16LATAM · 1APAC · 1
What the disclosures say
Global Rewards
“The Bancorp Bank publicly lists Global Rewards as a customer (https://www.bankingembedded.com/companies/global-rewards). Business Wire (2022) confirms Global Rewards uses Galileo Financial Technologies for cloud-based card issuance APIs covering single-use and reloadable virtual/physical cards (https://www.businesswire…”
View source · bankingembedded.com ↗
MyBambu
“Security & Privacy page states 'Your funds will be held at or transferred to Community Federal Savings Bank, an FDIC-insured institution.' Terms & Conditions confirm 'Sponsor Bank demand deposit account and the linked Bambu Visa® Debit Card.' Galileo publicly lists MyBambu as a customer at galileo-ft.com/clients/. myba…”
Mercantil Banco
“ibsintelligence.com/ibsi-news/galileo-partners-with-mercantil-banco-to-advance-digital-banking-in-latam/ confirms Galileo partnership with Mercantil Banco for digital banking in LATAM. apiportal.mercantilbanco.com describes self-operated payment and banking products.”
Direct Deposit Switch
“IBS Intelligence reports: 'Galileo launches direct deposit switch powered by Atomic' — https://ibsintelligence.com/ibsi-news/galileo-launches-direct-deposit-switch-powered-by-atomic/”
View source · ibsintelligence.com ↗
Dave
“Galileo publicly lists Dave as a customer (known_customer_listings, TIER 1) — Galileo is a card processing / BaaS infrastructure provider.”
NorthOne
“The North One Mastercard® Small Business Debit Card is issued by The Bancorp Bank, N.A., Member FDIC pursuant to license by Mastercard International Incorporated.' NorthOne blog: 'we've partnered with The Bancorp Bank, N.A., Member FDIC and Galileo Financial Technologies on our mission.'”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Galileo? Claim this profile above to unlock your own full list.
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What Galileo runs on · from its own dossier
The third-party providers Galileo itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Galileo.
PSP
checkout
Card Network
VisaMastercardDiscover
Transaction Enrichment
Mastercard Smart Data
Open Banking
PlaidMastercard Finicity
Full dossier with evidence for each layer →
Alternatives to Galileo

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Marqeta68 buyers →Stripe Issuing33 buyers →Enfuce26 buyers →Paymentology25 buyers →Sutton Bank21 buyers →Pliant20 buyers →i2c18 buyers →Lithic15 buyers →
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Ranked #5 of 231 in Card Issuing — Embedded Finance Index 2026
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Galileo — frequently asked

Which companies use Galileo?

21 companies disclose Galileo in their stack in the Embedded Finance Index 2026, including Global Rewards, MyBambu, Mercantil Banco, Direct Deposit Switch, Dave, NorthOne, Pomelos Remit Now Pay, Fundbox, Customisable, MoneyLion and 2 others.

What does Galileo do?

Galileo is an embedded-finance provider in Card Issuing, BaaS, Lending and PSP. It ranks #5 of 231 Card Issuing providers by disclosed buyers.

Who owns Galileo?

Galileo is owned by SoFi, which acquired it in 2020.

What are the alternatives to Galileo?

The most-disclosed Card Issuing alternatives to Galileo are Marqeta (68 buyers), Stripe Issuing (33 buyers), Enfuce (26 buyers), Paymentology (25 buyers), Sutton Bank (21 buyers) and Pliant (20 buyers).

Who founded Galileo?

Galileo was founded by Clay Wilkes and is founded in 2000, headquartered in Salt Lake City, Utah, USA.

How much funding has Galileo raised?

Galileo has raised $85M (pre-acquisition) + $1.2B acquisition by SoFi in total.

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