Galoy
Galoy is a fintech company that provides cryptocurrency-based banking infrastructure solutions for businesses and communities. The platform enables organizations to offer bitcoin and cryptocurrency banking services to their users, including wallet functionality, payments, remittances, and financial management tools. Galoy open-source banking infrastructure facilitates the creation of community-based financial…
Funding snapshot
About
Galoy is a fintech company that provides cryptocurrency-based banking infrastructure solutions for businesses and communities. The platform enables organizations to offer bitcoin and cryptocurrency banking services to their users, including wallet functionality, payments, remittances, and financial management tools. Galoy open-source banking infrastructure facilitates the creation of community-based financial systems where users can transact in bitcoin and other digital assets, providing an alternative to traditional banking infrastructure. The platform supports lightning network integration for instant, low-cost bitcoin transactions and offers white-label solutions for organizations seeking to provide cryptocurrency financial services. Founded in 2019 and headquartered in Sunnyvale, California, Galoy has raised $7 million in Series A funding from investors including Fulgur Ventures, Bitcoiner Ventures, and Kingsway Capital.
Business model
Cryptocurrencies > Financial Services > Banking > Banking as a Service
Team background
College Wise > London Business School (LBS), Columbia Business School
Institutional investors
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