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Leading Fintech Technology Provider Galileo Posts 88 Percent Run Rate Increase in 2018SALT LAKE CITY, March 20, 2019 /PRNewswire/ -- Galileo, the trusted technology partner for fintechs, financial institutions and investment firms worldwide, today announced significant company growth and an expanded portfolio of payments and cash management solutions that increases business opportunities for its clients. Galileo's client base grew 34 percent and the company's number of employees increased 19 percent in 2018 compared to the previous year. The company added well-known fintech clients that offer digital banking and investing services, including Aspiration, TransferWise, Robinhood, IDT and Skrill/Paysafe. In 2018, the total dollar value loaded to the nearly 100 million accounts on Galileo's platform increased 87 percent over the prior year. Galileo also experienced an 88 percent increase in its annual run rate and a 41 percent increase in peak volume. "We attribute our outstanding growth in 2018 to Galileo's technology and expertise that make it easy for companies to build without limitations to disrupt and improve how people manage their money and their finances," said Clay Wilkes, Galileo CEO. "As fintech's tech, we empower the world's financial transactions and improve how money moves, grows and enables access for people around the globe." As part of the company's dedication to inspiring and empowering fintech and payments innovation, Galileo expanded many of its technology capabilities in 2018, including:
Click here to access the infographic. About Galileo Find Galileo on the web, on Twitter, and on LinkedIn. CONTACT: Alex Melberg, 401-595-9423, [email protected]
View original content to download multimedia:http://www.prnewswire.com/news-releases/leading-fintech-technology-provider-galileo-posts-88-percent-run-rate-increase-in-2018-300815770.html SOURCE Galileo |