SoFi Technologies Owned Galileo Expands Buy Now, Pay Later Lender Offering to Help Lenders Reach Small Businesses, Leveraging the Mastercard Network
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies' subsidiary, Galileo Financial Technologies, has expanded its Buy Now, Pay Later (BNPL) offering to lenders for their small business clients. This is done in partnership with Mastercard, allowing banks and fintechs to offer installment financing options to small businesses via Mastercard Installments.
October 05, 2023 | 11:35 am
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Mastercard is partnering with Galileo to offer installment financing options to small businesses, potentially increasing its transaction volume.
Mastercard's partnership with Galileo could increase its transaction volume as more small businesses use their installment financing options. This could have a positive impact on Mastercard's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
SoFi's Galileo has expanded its BNPL service to small businesses, potentially increasing its customer base and revenues.
The expansion of Galileo's BNPL service to small businesses could attract more lenders to use their service, potentially increasing SoFi's revenues. This could have a positive impact on SoFi's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80