Mesh Payments Teams Up with SoFi Bank and Galileo to Drive Innovation In Travel and Expense Management
Mesh Payments has announced a strategic partnership with SoFi Bank and Galileo Financial Technologies (NASDAQ: SOFI) to enhance its travel and expense management solutions. The collaboration integrates Mesh's expense and card infrastructure with SoFi Bank's financial framework and Galileo's API-based payments processing platform.
The partnership aims to streamline enterprise expense management and accelerate product development through an integrated ecosystem. Mesh Payments, which processes over $1 billion in annual payment volume, will leverage SoFi Bank's sponsor program built on Galileo's platform to eliminate traditional inefficiencies between separate providers.
Key benefits include faster product development, regulatory compliance through Galileo's federal banking regulations, and improved operational efficiency with real-time data and automation capabilities.
Mesh Payments ha annunciato una partnership strategica con SoFi Bank e Galileo Financial Technologies (NASDAQ: SOFI) per migliorare le proprie soluzioni di gestione delle spese e dei viaggi. La collaborazione integra l'infrastruttura delle spese e delle carte di Mesh con il framework finanziario di SoFi Bank e la piattaforma di elaborazione dei pagamenti basata su API di Galileo.
L'obiettivo della partnership 猫 semplificare la gestione delle spese aziendali e accelerare lo sviluppo dei prodotti attraverso un ecosistema integrato. Mesh Payments, che gestisce oltre $1 miliardo in volume di pagamenti annuali, sfrutter脿 il programma di sponsorizzazione di SoFi Bank costruito sulla piattaforma di Galileo per eliminare le inefficienze tradizionali tra fornitori separati.
I principali vantaggi includono uno sviluppo prodotto pi霉 rapido, conformit脿 normativa grazie alle regolamentazioni bancarie federali di Galileo e un miglioramento dell'efficienza operativa con dati in tempo reale e capacit脿 di automazione.
Mesh Payments ha anunciado una asociaci贸n estrat茅gica con SoFi Bank y Galileo Financial Technologies (NASDAQ: SOFI) para mejorar sus soluciones de gesti贸n de viajes y gastos. La colaboraci贸n integra la infraestructura de gastos y tarjetas de Mesh con el marco financiero de SoFi Bank y la plataforma de procesamiento de pagos basada en API de Galileo.
El objetivo de la asociaci贸n es agilizar la gesti贸n de gastos empresariales y acelerar el desarrollo de productos a trav茅s de un ecosistema integrado. Mesh Payments, que procesa m谩s de $1 mil millones en volumen de pagos anuales, aprovechar谩 el programa de patrocinio de SoFi Bank construido sobre la plataforma de Galileo para eliminar las ineficiencias tradicionales entre proveedores separados.
Los principales beneficios incluyen un desarrollo de productos m谩s r谩pido, cumplimiento normativo a trav茅s de las regulaciones bancarias federales de Galileo y una mejora de la eficiencia operativa con datos en tiempo real y capacidades de automatizaci贸n.
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Mesh Payments a annonc茅 un partenariat strat茅gique avec SoFi Bank et Galileo Financial Technologies (NASDAQ: SOFI) afin d'am茅liorer ses solutions de gestion des voyages et des d茅penses. La collaboration int猫gre l'infrastructure des d茅penses et des cartes de Mesh avec le cadre financier de SoFi Bank et la plateforme de traitement des paiements bas茅e sur l'API de Galileo.
L'objectif du partenariat est de rationaliser la gestion des d茅penses au sein des entreprises et d'acc茅l茅rer le d茅veloppement des produits gr芒ce 脿 un 茅cosyst猫me int茅gr茅. Mesh Payments, qui traite plus de 1 milliard de dollars en volume de paiements annuels, s'appuiera sur le programme de parrainage de SoFi Bank construit sur la plateforme de Galileo pour 茅liminer les inefficacit茅s traditionnelles entre les fournisseurs s茅par茅s.
Les principaux avantages incluent un d茅veloppement de produit plus rapide, la conformit茅 r茅glementaire gr芒ce aux r茅glementations bancaires f茅d茅rales de Galileo, et une am茅lioration de l'efficacit茅 op茅rationnelle avec des donn茅es en temps r茅el et des capacit茅s d'automatisation.
Mesh Payments hat eine strategische Partnerschaft mit SoFi Bank und Galileo Financial Technologies (NASDAQ: SOFI) angek眉ndigt, um seine L枚sungen f眉r Reise- und Ausgabenmanagement zu verbessern. Die Zusammenarbeit integriert die Ausgaben- und Karteninfrastruktur von Mesh mit dem finanziellen Rahmen von SoFi Bank und der API-basierten Zahlungsplattform von Galileo.
Das Ziel der Partnerschaft ist es, das Ausgabenmanagement in Unternehmen zu optimieren und die Produktentwicklung durch ein integriertes 脰kosystem zu beschleunigen. Mesh Payments, das 眉ber 1 Milliarde Dollar an j盲hrlichem Zahlungsvolumen verarbeitet, wird das Sponsorprogramm von SoFi Bank, das auf der Plattform von Galileo basiert, nutzen, um traditionelle Ineffizienzen zwischen verschiedenen Anbietern zu beseitigen.
Wesentliche Vorteile sind schnellere Produktentwicklung, regulatorische Compliance aufgrund der bundesstaatlichen Bankvorschriften von Galileo und verbesserte betriebliche Effizienz durch Echtzeitdaten und Automatisierungsf盲higkeiten.
- Processing over $1 billion in annual payment volume
- Integration with SoFi Bank's financial framework expected to accelerate product development
- Partnership streamlines operations by combining banking and payment infrastructure under one ecosystem
- None.
Insights
SoFi Bank鈥檚 relationship with Galileo strengthens Mesh Payments鈥� drive to reduce inefficiencies and accelerate the development of new products
This partnership integrates Mesh Payments鈥� next-generation expense and card infrastructure with SoFi Bank鈥檚 scalable financial framework and Galileo鈥檚 modern, customizable API-based payments processing platform. By uniting these capabilities within a single ecosystem, Mesh Payments is positioned to streamline enterprise expense management, reduce inefficiencies and deliver innovative solutions to its clients more quickly.
SoFi Bank鈥檚 selection as Mesh Payments鈥� sponsor bank underscores its emerging capabilities in commercial payments services. As one of the few sponsor banks to offer an integrated approach, SoFi Bank鈥檚 relationship with Galileo eliminates inefficiencies that typically arise when fintechs rely on separate providers for banking and payments infrastructure.
鈥淲e鈥檙e excited to partner with SoFi and Galileo, as both companies share our vision of delivering the most modern and innovative financial solutions for businesses,鈥� said Oded Zehavi, CEO of Mesh Payments. 鈥淭hey are the ideal partners to support our mission to provide companies with an efficient, forward-thinking approach to corporate travel and expense management.鈥�
Key Benefits of the Partnership:
- Accelerated Product Development 鈥� SoFi Bank鈥檚 sponsor program is built on Galileo鈥檚 powerful tech platform, eliminating traditional inefficiencies between separate providers, enabling faster delivery of enhanced features and services.
- Regulatory Expertise 鈥� Galileo, a subsidiary of SoFi operating under federal banking regulations, ensures enterprises benefit from solutions that align with strict compliance standards, providing confidence in secure and reliable financial operations.
- Operational Efficiency 鈥� With real-time data, automation, and centralized visibility into spending, enterprises benefit from improved compliance and reduced delays.
鈥淪oFi is proud to provide the financial backbone for forward-thinking solutions like Mesh Payments,鈥� said Paul Mayer, President, SoFi Bank. 鈥淲ith SoFi and Galileo under one roof, we empower partners like Mesh Payments to harness Galileo鈥檚 advanced cloud-based banking core, enabling them to launch new products faster, scale seamlessly, and stay ahead of their customers' ever-changing needs.鈥�
Supporting leading midmarket businesses and enterprises, and processing more than
About Mesh
Mesh is the leading all-in-one travel and expense management platform for global enterprises. Mesh integrates corporate cards, expense management, and travel bookings on a single platform, streamlining the entire T&E lifecycle from request to reconciliation. With AI-powered automation, customizable policies, and multi-currency support, Mesh simplifies global spending across multiple entities, reduces costs, and ensures compliance. Today leading private and public enterprise customers, including Fortune 100 household brands and leading multinational tech providers, leverage Mesh to optimize their financial operations. Recognized by CNBC and Statista as one of the world's top fintech companies of 2024, Mesh sets the standard for innovative T&E management solutions.
For more information, visit or follow us on LinkedIn.
About SoFi
SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company鈥檚 full suite of financial products and services helps its nearly 8.8 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead 鈥� like credentialed financial planners, exclusive experiences and events, and a thriving community 鈥� on their path to financial independence.
SoFi innovates across three business segments: Lending, Financial Services 鈥� which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights 鈥� and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit or download our iOS and Android apps.
漏2024 SoFi Technologies, Inc. All rights reserved.
About Galileo Financial Technologies
and certain of its affiliates collectively comprise a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI) that enables fintechs, financial institutions, and emerging and established brands to build differentiated financial solutions that deliver exceptional, customer-centric experiences. Through modern, open APIs, Galileo鈥檚 flexible, secure, scalable and fully integrated platform drives innovation across payments and financial services. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning, tailored and differentiated financial products and more, across industries and geographies.
漏2024 Galileo Financial Technologies, LLC. All rights reserved.
Galileo Financial Technologies, LLC is a technology company, not a bank. Galileo partners with many issuing banks to provide banking services in
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MEDIA CONTACT:
For Mesh Payments
Joe Gerace
Joe.gerace@archiegroup.com
For Galileo
Katie Boyless
404-791-8245
katie@fletchergroupllc.com
Source: Galileo Financial Technologies, LLC
FAQ
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