Venture Capital

Galileo Financial Technologies Raises $77M Series A Led By Accel

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Already profitable Galileo crosses $26B of annual processing volume in September as global growth accelerates SALT LAKE CITY, October 17, 2019-- Galileo, the company whose APIs power the next generation of banking products globally, announced its first institutional funding round today—a $77 million investment led by venture capital firm Accel with participation from Qualtrics Co-Founder & CEO Ryan Smith. The company, which is already profitable and growing rapidly, plans to use the funds to accelerate growth, including expansion into Latin America, the UK and Europe, and for continued product expansion.