Galileo Financial Technologies, a subsidiary of SoFi Technologies, Inc. announced its recent expansion into Colombia. Galileo is currently providing services in Colombia where it can partner with issuers, banks, ecommerce and fintechs to enable their digital financial services offerings. Since Galileo’s arrival in Mexico in 2020, it has established itself as a leading financial technology company in Latin America having onboarded more than one million end-user accounts in the region. Galileo serves leading fintechs, like Ualá in Mexico and Colombia, as well as other clients that offer digital financial services, ranging from debit, credit, and business-to-business (B2B) payments to remittances, buy now, pay later (BNPL), cryptocurrency and other emerging payments.
With more than 20 years of experience in the international market, Galileo has reinvented the fintech ecosystem, recently surpassing 100 million end user accounts. Galileo’s expansion into Colombia follows the initial opening of the company’s first office outside the U.S. in Mexico City in 2020, and the opening of the company’s Latin America headquarters in early 2021. The latest expansion reinforces Galileo’s strategic commitment and exponential growth in Latin America, as well as strong market reception for innovative payment solutions in the region. This expanded presence in Colombia enables Galileo to serve strategic markets across Latin America, and co-innovate with dynamic financial services providers to deliver differentiated, best-in-class digital experiences to their clients. Galileo is a leading financial technology company whose platform, open API technology and proven expertise enable fintechs, emerging and established brands to create differentiated financial solutions that expand the financial frontier. Galileo removes the complexity from payments and financial services innovation by providing flexible, open API building blocks and a secure, scalable, future-proof platform. Trusted by digital banking heavyweights, early-stage innovators, and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning and more, across industries and geographies. Headquartered in Salt Lake City, Galileo has offices in Mexico City, New York City, San Francisco, and Seattle.