Founded Date
2019
Founders
Nicolas Burtey; Chris Hunter
CEO
Nicolas Burtey (co-founder and CEO since 2019)
Key Leadership
Justin Carter (CTO); Andrew Begin (Chief Strategy Officer, since 2025-02); Dan Hersey (marketing lead); no CFO publicly named
Regulatory Status
Not a licensed financial institution - pure software vendor; no bank charter or money-transmitter registration found
Market Valuation
N/A (no valuation ever disclosed)
Official Website
Infrastructure Overview
Builds Galoy Core, an open-source core banking system putting Bitcoin, stablecoins and fiat on one real-time multi-currency double-entry ledger; sold as B2B software
Vertical Assets
Galoy Core (Sidecar and Primary Core); Lana (Bitcoin-backed lending software, launched 2025-02); Cala (open-source double-entry ledger)
Tech Specs
Written in Rust; event-driven, event-sourced double-entry ledger with point-in-time reporting and audit trails
Strategic Network Value
Bitcoin banking infrastructure; created El Salvador's Bitcoin Beach Wallet
BTC Holdings
N/A
Fiat Valuation
N/A
BTC Yield Per Share
N/A
Treasury Strategy
N/A
Primary Business Revenue
B2B enterprise software - subscription/licensing plus deployment and implementation fees
Revenue Activities
Banking software licensing and implementation
Lead Investors
Craft Ventures (led 2021-12 seed); Hivemind Ventures (led 2022-08 round); Kingsway Capital; Valor Equity Partners; Trammell Venture Partners; Fulgur Ventures; Timechain; El Zonte Capital
Total Invested Capital
$7M total - $3M seed 2021-12-15 (Craft-led) plus $4M 2022-08-03 (Hivemind-led)
Founder Pedigree
Nicolas Burtey - Founder and CEO; building Bitcoin banking software since 2019; created the Bitcoin Beach Wallet (2020)
Subsidiaries
None current - Galoy Inc.; Blink (formerly Bitcoin Beach Wallet) made operationally independent 2024-10