Galileo Financial Technologies a Utah-based fintech platform that aims at serving the financial services ecosystem. It empowers small businesses with its payment platforms and open APIs that help them create sophisticated card-based and digital financial solutions.
Galileo joined the forces with Fundbox to expand payment capabilities. Along with Galileo, MetaBank, N.A., a top-notch financial empowerment organization will be there to accelerate Fundbox’s product roadmap and introduce innovative products to the market.
Derek White, CEO, Galileo, commented, “Business owners are increasingly asking for access to payment tools that work as easily and efficiently as those available in the consumer sector–and rightfully so. Empowering our partners to meet this emerging demand is a key area of focus for Galileo, and we’re proud to help Fundbox offer their customers more ways to make purchases and manage expenses, enabling owners to spend more time focusing on successfully running their business.”
Meta Bank is a South Dakota-based banking institution that provides retail banking. It serves conventional banking services made to serve individuals, business depositors, and borrowers.
Fundbox is headquartered in California and acts as an embedded working capital platform for small businesses. It offers spend management solutions and working capital to small enterprises for their cash flow optimization. It enables business owners to access its solutions with embedded experiences with business systems and accounting solutions or directly from the website and mobile app of Fundbox.
Prashant Fuloria, CEO, Fundbox, stated, “Our new partnership with Galileo and MetaBank enables us to expand and scale payment offerings on our platform. We will introduce a number of new Flex Pay capabilities later this year, including a bill pay functionality where customers can make fast and easy payments to third-party merchants on the platform.”