Galoy is a technology company.
Galoy has raised $3.0M across 1 funding round.
Galoy has raised $3.0M in total across 1 funding round.
Galoy is a technology company building bitcoin-native banking infrastructure, including core ledgers, payments systems, and lending software tailored for financial institutions adopting Bitcoin and digital assets.[1][2][3][5] Its platform, featuring tools like the double-entry BTC/fiat ledger (Cala), payments bridge (Bria), and Bitcoin-backed loan software (Lana), enables services such as real-time Lightning Network payments, digital asset deposits, and collateralized lending, primarily serving banks, startups, and enterprises seeking Bitcoin integration.[1][2][4] Galoy solves the rigidity of legacy closed-source core banking systems by offering scalable, often open-source alternatives that bridge traditional finance with Bitcoin, with demonstrated growth through $7M in funding, ISO27001 certification, and products like the sold Blink wallet.[3][5][6]
Galoy was founded in September 2019 by CEO Nicolas Burtey, who aimed to enable banks to leverage Bitcoin but pivoted initially due to regulatory hurdles.[2][3] The company emerged from building the Bitcoin Beach Wallet (later Blink, a custodial Bitcoin/Lightning wallet) in El Zonte, El Salvador, in 2020, which gained traction in Bitcoin circular economies and was recently sold to focus on enterprise infrastructure.[2][3] Early team members brought expertise in backend infrastructure, enterprise cloud computing, and digital transformation; today, the 15-person global team includes engineers, data scientists, and business experts, backed by VCs like Trammell Venture Partners and angels such as Balaji Srinivasan.[2][3][6] Pivotal moments include launching Lana in late 2024 for Bitcoin-collateralized loans and raising $4M in Seed VC-III funding in August 2022.[2][6]
Galoy rides the Bitcoin adoption wave, accelerated by regulatory shifts like El Salvador's Bitcoin legal tender and growing institutional demand for digital asset services post-ETF approvals.[2][3] Its timing aligns with Lightning Network maturity for real-time payments and the need to scale Bitcoin beyond speculation into everyday finance, countering closed banking software with transparent, open alternatives.[1][2] Market forces favoring Galoy include rising Bitcoin-backed lending (e.g., via Lana) and the push for non-custodial, programmable money, positioning it against competitors like Anchorage Digital in custody/staking.[2][5][6] By open-sourcing core infrastructure, Galoy democratizes Bitcoin banking, enabling faster launches of "Bitcoin banks" and influencing the ecosystem toward Hal Finney-inspired scaling solutions.[2]
Galoy is poised to expand its open-source banking stack, potentially launching full core ledger disruptions and partnering with more custodians for global deployments.[2][3] Trends like AI-assisted finance tools, Rust-secured DeFi, and Bitcoin's role in emerging markets will propel its growth, evolving its influence from wallet innovator to standard-setter in bitcoin-native enterprise software.[1][4] As Bitcoin matures into "open source money for all," Galoy's mission to bring banking into this era could redefine financial infrastructure, unlocking scalable services for institutions worldwide.[3]
Galoy has raised $3.0M in total across 1 funding round.
Galoy's investors include Craft Ventures, Distributed Ventures, Propel Venture Partners.
Galoy has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $3.0M Seed | Craft Ventures, Distributed Ventures, Propel Venture Partners |