Galileo Financial raises $77mn

Galileo, which provides API infrastructure, has announced a $77mn Series A funding round.

In Brief:

• Galileo provides API infrastructure for a number of FinTechs.

• The round was led by Accel Partners.

• The company’s technology is used by Revolut and Transferwise.

What does this mean?

The company could prove a good investment for those who took part in the round, since it is a profitable FinTech which reported 130% year over year growth in September.

Read more here.