Galilieo Financial Technologies led by Clay Wilkes just now raised $77 million in venture funding. The round was led by Accel Partners. The company runs the backend integrations with financial institutions for some of the biggest names in financial technology. The Salt Lake City-based startup is planning to greatly expand its geographical reach beyond North America. The Company is in plans to open in Mexico.
Analysts say that the Galileo Foundation has been in profits for all its tenure as Galileo charges an amount on its every transaction. Galileo is also working on new products such as cash management and wealth management accounts.