It was announced earlier today that Utah based fintech company Galileo raised $77 million in financing, with the majority coming from Accel Partners. For those who are uninitiated to what Galileo is, it is a leading company offering backend integrations for financial institutions. Galileo’s customers include fintech giants Chime Banking, Robinhood, Monzo and TransferWise among others whom Galileo powers the backend for. The funding was raised in Galileo’s first institutional round of funding. Ryan Smith, the co-founder and CEO of Qualtrics also participated.
Its APIs are used widely throughout the gig economy, neobank, payments, and SaaS market segments.