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.
The Spring Surge: New Galileo Debit Spend Index Charts Q1 Spend and the Year Ahead
American consumers spent cautiously on debit through January and early February before early tax refunds and spring weather sparked a March spending surge, according to the inaugural Galileo Debit Spend Index.
Why Gen Z’s Debit Card Push is Eating Into Credit Card Profits
For people worried about the economy and dealing with affordability issues, one option could be to tuck that high interest rate credit card aside and reach for a trusty debit card instead. To uncover the latest debit card trends, CardRates recently sat down with Paul Dunning, Vice President of Business Development at Galileo Financial Technologies, a fintech firm owned by SoFi. He explained why Gen Z consumers are turning to debit cards and expecting rewards, the compelling case for debit card rewards, and the appeal of debit cards for the debit-first consumer.
Half of Consumers Have Chosen One Brand Over Another Because Paying or Getting a Refund Was Easier
Consumer demand for financial services embedded within brand apps is outpacing brands’ ability to deliver, with most executives recognizing the gap. New research from Galileo Financial Technologies, soon to become SoFi Technology Solutions, found that 80% of brand executives say they plan to launch integrated financial services, but only 20% have done so thus far. The 2026 Galileo Integrated Financial Services Research Report, based on surveys of more than 2,000 U.S. consumers and 150 senior executives, shows that while consumers are already using features like saved cards, rewards, and instant refunds inside brand apps, most brands have yet to launch these capabilities.
Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
Half of consumers have chosen one brand over another because paying or getting a refund was easier
Introducing SoFi Tech Solutions: A Unified Brand Built to Power End-to-End Financial Innovation
We’re evolving from Galileo to SoFi Tech Solutions to reflect the full scope of our platform. We deliver end-to-end infrastructure for fintechs, brands, and financial institutions, now backed by SoFi’s scale and resources. Our mission stays the same: support our clients’ growth while maintaining platform neutrality and strong data protections.
