Galileo vs Railsr
Galileo
tech.sofi.comRailsr
railsr.comSide by side
| Figure | Galileo | Railsr |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 6 |
| Spec score · Banking-as-a-Service Platforms | 7.4 (#20) | 8.2 (#5) |
| Company identity | The site identifies the business as SoFi Tech Solutions and describes it as the technology platform for financial products and services. | LinkedIn lists Railsr as a privately held financial-services company founded in 2016 and says it is now Equals. |
| Founded | 2000 | 2016 |
| Headquarters | Salt Lake City, Utah, United States | The 2023 sale announcement says Railsr would remain headquartered in London's City. |
| Integrations | The company says its partner ecosystem connects clients with more than 50 payment partners, networks, embossers, and banks. | Railsr says its products package nearly 100 technical, commercial, operational, regulatory and financial-crime integrations behind one API and agreement. |
| Support | Client support includes dedicated relationship managers, developer assistance, technical advocates, and a support helpdesk. | Existing customers are directed to log in to a service portal to raise support tickets. |
| What it does | SoFi Tech Solutions provides APIs and a platform for banks, fintechs, and brands to build, launch, and scale financial products. | Railsr provides embedded-finance infrastructure that companies integrate into their own customer journeys. |
Plans
Railsr
- LearnFree
- Live Sandbox APIFree
- Play Sandbox APIFree
- LaunchPriced on request
- PrototypePriced on request
- ScalePriced on request
In their own words
Railsr
Railsr is an embedded finance platform for companies adding financial services to digital products. Its capabilities include wallets and accounts, debit, prepaid, credit and virtual cards, money transfers and reward programmes. Railsr says its APIs place these services within a brand’s digital journey, with the platform operating behind the scenes. It packages close to 100 integrations under a single API and commercial agreement. Developers can use the Play Sandbox API, a functional coding environment that uses fake money. The platform is offered through API and web and lists fintechs, sports clubs, retailers and brands among its intended customers. A free plan and trial are listed, while other pricing is available on request. For regulated services, customers contract with PayrNet, Railsr’s wholly owned subsidiary; Railsr provides technology services. Railsr says new agents or distributors cannot be onboarded without prior written FCA consent.