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Galileo

Acquired by SoFi

API-first card issuing and processing tool for fintechs and embedded finance companies

#fintech #banking-as-a-service

Valuation

$1.20B

2020

Funding

$68.00M

2024

Details

Headquarters

Salt Lake City, United States

CEO

Clay Wilkes

Website

galileo-ft.com

Milestones

FOUNDING YEAR

2001

ACQUIRED

May 2020

Listed In

#fintech

#banking-as-a-service

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Filings

Company documents and regulatory filings for Galileo.

Name	Type	Filed At	Actions
No filings found.

Date	Event	Valuation	Amount	Price	Status
May 2020	Acquired by SoFi Sources Q22021earningsrelease sec.gov "No information is reported prior to our acquisition of Galileo on May 14, 2020." Sofi Galileo Deal axios.com "Details: Multiple reports are that SoFi financed the deal via $875 million in equity, $75 million in cash, and $275 million in debt." Sofi To Acquire Galileo Financial Technologies galileo-ft.com "SoFi will pay total purchase consideration of $1.2B to acquire Galileo, comprising cash and stock." Sofi Is Buying Payments Company Galileo For 12 Billion forbes.com "The $1.2 billion price is the same valuation the company received in October, a person familiar with the deal says, and SoFi is paying for it with $875 million in equity, $250 million in debt and $75 million in cash." Sofi To Acquire Payment Software Company Galileo For 1.2 Billion cnbc.com "Personal finance start-up SoFi has agreed to buy Utah-based payment processor Galileo for $1.2 billion."	$1.2B	—	—	Closed
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