Galileo Financial Finds $77M For Banking APIs
Salt Lake City-based Galileo Financial, which develops application programming interfaces (APIs) which help power banking transactions, has raised $77M in a Series A funding, the company said today. The funding was led by Accel, and also included Ryan Smith, the founder and CEO of Qualtrics. Galileo's APIs are used to open and verify new financial accounts, issue and process payment cards, and more, according to the company. The company said the new funds will go to accelerate growth, expand into Latin America, the UK, and Europe, as wlel as go towards continued product expansion. The company says it is already profitable.
posted on Thursday, October 17, 2019
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