Galoy is a fintech startup that provides a comprehensive core banking platform designed to facilitate the creation and operation of community banks using Bitcoin and the Lightning Network. The company primarily serves communities, organizations, and developers who aim to establish their own digital banking solutions. Galoy operates in the cryptocurrency and blockchain market, focusing on leveraging Bitcoin's decentralized nature and the Lightning Network's fast transaction capabilities.

The business model of Galoy revolves around offering a modular and extensible banking platform that can be customized to meet the specific needs of different communities. This platform includes various tools and services such as mobile wallets for end-users and merchants, an admin dashboard for monitoring and managing transactions, and a command-line interface (CLI) for developers to interact with the system.

Galoy makes money by providing these tools and services to its clients, who may be community banks, fintech startups, or other organizations looking to implement Bitcoin-based banking solutions. They offer services like Stablesats, which allows for fiat hedging strategies to provide dollar-like stability without using traditional stablecoins, and Bria, a service for transaction batching and on-chain liquidity management.

In summary, Galoy is a pioneering company in the cryptocurrency banking space, offering a versatile platform that empowers communities to create their own Bitcoin-based banking systems. They cater to a niche market of tech-savvy clients who are looking to innovate in the financial sector using blockchain technology.

Keywords: Bitcoin, Lightning Network, core banking, fintech, community banks, cryptocurrency, modular platform, Stablesats, Bria, liquidity management.