Powered by deeper engagement with existing clients and new strategic partnerships, Galileo Financial Technologies maintained steady revenue growth during the third quarter of 2025, parent company SoFi Technologies reported.
According to SoFi's third-quarter earnings report, released October 28, 2025, the company's Technology Platform segment—which comprises Galileo and the Technisys cloud-based core banking services platform—posted net revenue of $114.6 million during the quarter, up 12 percent year-over-year.
The Tech Platform segment had 157.9 million total enabled accounts at close of Q3 2025, down 1 percent from 160.2 million from the third quarter of 2024, according to SoFi. The segment continued to generate revenue growth despite the slight decline in total accounts thanks to enhanced engagement with existing clients as well as new partnerships, SoFi said.
Powering innovation across SoFi
During the company’s earnings call, SoFi CEO Anthony Noto emphasized that the Technology Platform continues to play an instrumental role in not only driving innovation across SoFi's own business, but also in enabling its partners to launch innovative programs.
“The tech platform… has been instrumental in our ability to innovate across the SoFi platform, and it's now allowing a broader range of companies to bring innovative programs that drive greater loyalty and engagement to their customers,” Noto said.
The Tech Platform has been critical to enabling this innovation and diversification, enabling SoFi to rapidly develop and deploy new products while reducing reliance on third-party providers, according to Noto.
Major brand partnerships expand market reach
During the Q3 earnings call, Noto highlighted Galileo’s just-announced partnership with Southwest Airlines to launch a new rewards debit card–the latest major step in Galileo’s pioneering push to expand debit-based rewards as a powerful loyalty and revenue driver for consumer brands.
The Southwest Airlines Rapid Rewards Debit Card follows the launch earlier this year of a first-of-its-kind debit rewards program for Wyndham Hotels & Resorts. Noto also revealed that the company has signed two more major consumer brands—which the SoFi CEO called "our largest yet"—and which will be announced at some point in the future.
The new deals are part of the company’s strategic emphasis on signing major financial institutions and established brands with large existing customer bases to drive more predictable and substantial revenue streams. These alliances are expected to contribute meaningfully to revenue growth in 2026 and beyond, said Noto.
"These partnerships are a reflection of the strong and growing demand for our market-leading technology to power embedded financial products at scale for some of the most well-known brands around the world," Noto added.
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