Assessment
SoFi Technology Solutions is used by fintechs, banks, and consumer brands that issue debit, prepaid, and credit cards or run digital accounts. It processes 140.4 million accounts for more than 100 partners in 14 countries, and its best use cases are card programs, account processing, and a ready-made digital banking core through its Technisys software. It prices by contract with no public rate card, and its main competitors are Marqeta, Thredd, Fiserv, and Lithic.
Clay Wilkes founded the business as Galileo in Salt Lake City in 2000, and SoFi bought it for $1.2B in 2020. It now trades as SoFi Technology Solutions. Its third-quarter 2026 revenue was $87.4M, down 24% from a year earlier after a large client moved away before December 31, 2025. Kathleen Pierce-Gilmore, a former Visa executive, became president in May 2026.
It fits a program that wants a proven US processor with credit, debit, and banking-core software under one owner. It is a weaker fit for a small startup that wants self-serve pricing, and for a company that would rather not run its cards on a platform owned by a competing consumer bank.
Rating by criterion
We score each of the eight criteria out of 100.
Sector criteria
Use it for debit, prepaid, and credit card programs. It processed 140.4 million accounts at the end of September 2026 for clients in 14 countries.
Plan on an API build with its team. The platform offers card, account, and payment APIs plus Technisys’ digital banking core for banks that want a full stack.
Rely on a long compliance record. It has run regulated card programs since 2000 and now belongs to SoFi Bank’s group, with bank-grade oversight.
Check its partner list for your sponsor bank and network. It works with more than 100 partners across 14 countries.
Vendor criteria
Expect growth in AI and banking-core tools. SoFi is investing in the platform to power its own bank and outside clients.
Allow for an enterprise sales process. Onboarding runs through its client success and delivery teams, not a self-serve sign-up.
Request full pricing in writing. Fees are set by contract, and no public rate card exists.
Weigh client concentration. Revenue fell 24% in the third quarter of 2026 after one large client left, so get service levels for your program in the contract.
Against its peers
These are the other companies in payments and acquiring, with their ratings.
User comments
We read SoFi’s third-quarter 2026 results and the Galileo company pages to see what buyers value, and set them against the main limit a buyer meets.
- Upside
- Downside
Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation.
Based on: SoFi, third-quarter 2026 results; Galileo, about us.
Fact file
| Legal entity | Galileo Financial Technologies, LLC |
|---|---|
| Parent | SoFi Technologies, Inc. |
| President | Kathleen Pierce-Gilmore, since May 2026 |
| Q3 2026 revenue | $87.4M, down 24% |
| Accounts processed | 140.4 million at September 30, 2026 |
| Team | More than 1,500 people |
Competitive landscape
Card issuing and account processing platforms a program manager would compare with SoFi Technology Solutions.
SoFi Technology Solutions: 76
- SoFi Technology Solutions76
- Lithic79
- Highnote77
- i2c75
- Marqeta74
- Thredd74
- Zeta74
- Tribe Payments71
- Change Financial67
- FiservNot reviewed
Comparisons
Key leadership
Kathleen Pierce-Gilmore became president of SoFi Technology Solutions in May 2026 and reports to SoFi chief executive Anthony Noto. She was earlier senior vice president of issuer solutions at Visa.
How this review was created
This profile gives our own assessment of SoFi Technology Solutions to companies selecting a Payments & acquiring provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and SoFi Technology Solutions gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 3, 2026.
Source pages
- Galileo home page: https://www.galileo-ft.com/ (As of November 3, 2026)
- Galileo, about us: https://www.galileo-ft.com/about-us/ (As of November 3, 2026)
- SoFi, third-quarter 2026 results: https://investors.sofi.com/news/news-details/2026/SoFi-Reports-Third-Quarter-2026-with-Record-Net-Revenue-of-1-4-Billion-Net-Income-of-241-Million-and (As of November 3, 2026)
- TechCrunch, April 7, 2020: https://techcrunch.com/2020/04/07/another-major-fintech-exit-as-sofi-acquires-banking-and-payments-platform-galileo-for-1-2b/ (As of November 3, 2026)
- FinTech Futures, June 1, 2026: https://www.fintechfutures.com/job-cuts-new-hires/sofi-technology-solutions-new-president-kathleen-pierce-gilmore (As of November 3, 2026)