Galileo Financial Technologies Inc. said it raised $77 million in its first institutional round of funding led by venture capital firm Accel, along with Ryan Smith, the co-founder and CEO of Qualtrics. 

The Salt Lake City-based firm plans to use the funding for expansion in Latin America, the U.K. and Europe, as well as additional product expansion.

Galilieo's APIs are used by many of the world's top fintechs, including Chime, Monzo, Revolut, Robinhood and Transferwise, to open and verify financial accounts, issue and process payment cards and create additional products. 

"Over the years, we've built the API standard for card issuing programs and fintech innovation, focusing on a feature-rich product set, profitability and delighting our clients," Galileo CEO Clay Wilkes said in a company release. 

John Locke, a partner at Accel, will join the Galileo board of directors.