Marqeta vs SoFi Technology Solutions: Features, Coverage and Pricing Compared (2026)
Updated November 10, 2026 · Reviewed by Benjamin Margolis
Marqeta and SoFi Technology Solutions, formerly Galileo, are two of the largest US card processors. Marqeta is an independent public company built around open APIs and just-in-time funding. SoFi Technology Solutions belongs to SoFi and adds account processing and a digital banking core.
Our analysts compared the two on November 10, 2026, using each company's own product, pricing, and company pages and our full reviews of Marqeta and SoFi Technology Solutions.
Choose Marqeta if
- you want an independent processor
- you need just-in-time funding and fine control over each payment
- you want coverage in the UK and EEA
Choose SoFi Technology Solutions if
- you want card processing and a banking core from one vendor
- you run programs in the US or Latin America
- you value a processing record that goes back to 2000
Marqeta scores 74 and SoFi Technology Solutions scores 76 in our ratings. Marqeta suits programs that want an independent, API-first processor. SoFi Technology Solutions suits programs that want cards and core banking together.
Key Features Compared
Marqeta vs SoFi Technology Solutions at a Glance, November 2026
| Feature |  Marqeta |  SoFi Technology Solutions |
|---|---|---|
| Ratings | ||
| Fintech Index score | 74 / 100 | 76 / 100Higher score |
| Overview | ||
| What it is | Public card issuing platform that issues and processes debit, prepaid, and credit cards through APIs | Card issuing, account processing, and digital banking software owned by SoFi, formerly Galileo |
| Who uses it | Fintechs, lenders, and large brands, including Block's Cash App, Ramp, and DoorDash | Fintechs, banks, and consumer brands |
| Main products | Debit, prepaid, and credit card issuing and processing, just-in-time funding, and program management | Debit, prepaid, and credit card processing, account processing, and the Technisys digital banking core |
| Where it operates | Certified to operate in more than 40 countries; UK and EEA e-money licenses through TransactPay since July 2025 | Clients in 14 countries, mainly the US and Latin America |
| Pricing | ||
| How pricing works | Contract pricing based on volume and the services used | Contract pricing with no public rate card |
| Published prices | Quote only | Quote only |
| Technology and compliance | ||
| Licenses and regulation | UK and EEA e-money licenses through TransactPay; handles bank relationships, network approvals, KYC, AML, disputes, and chargebacks | Part of SoFi Bank's group, with bank-grade oversight; regulated card programs since 2000 |
| Developer tools | Open APIs, a sandbox, and just-in-time funding controls | Card, account, and payment APIs, plus the Technisys banking core |
| Integrations and partners | Card networks and sponsor banks, with large clients such as Cash App, Ramp, and DoorDash | Sponsor banks and card networks; partner list varies by program |
| Onboarding and support | Sales-led onboarding built for programs with real volume; Ramp reached its first transaction in under 70 days | API build run with its team |
| Company | ||
| Founded | 2010 | 2000, as Galileo |
| Headquarters | Oakland, California | Salt Lake City, Utah |
| Ownership | Public (Nasdaq: MQ)Independent | Subsidiary of SoFi (Nasdaq: SOFI) |
| Funding | Publicly traded since 2021 | Bought by SoFi for ~$1.2B in 2020 |
| Key leader | Mike Milotich | Kathleen Pierce-Gilmore |
| Scale | $382.5B total processing volume and $624.9M net revenue in 2025 | 140.4 million accounts for more than 100 partners; Q3 2026 revenue of $87.4M, down 24% |
Fintech Index Scores Compared
We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Marqeta scores 74 and SoFi Technology Solutions scores 76.
Criterion Scores Out of 100
Key Differences Between Marqeta and SoFi Technology Solutions
Ownership
Marqeta is an independent public company on Nasdaq. SoFi bought Galileo for ~$1.2B in 2020, and some fintechs prefer not to run cards on a platform owned by a consumer bank they compete with.
Scale and Trends
Marqeta's net revenue grew 23% to $624.9M in 2025. SoFi Technology Solutions processed 140.4 million accounts in September 2026, but its third-quarter revenue fell 24% after a large client left.
Products
Both process debit, prepaid, and credit cards. SoFi Technology Solutions adds the Technisys digital banking core. Marqeta adds just-in-time funding and program management.
Pros and Cons
Marqeta
Pros
- Largest scale in the group, with $382.5B of processing volume in 2025
- Just-in-time funding gives fine control over each payment
- Certified in more than 40 countries, with UK and EEA licenses since 2025
- Public company with audited financials
Cons
- No published prices
- Built for programs with volume, so small launches may find it heavy
- Block's Cash App is its largest client, a concentration risk
SoFi Technology Solutions
Pros
- Long processing record since 2000
- Card processing and a digital banking core under one owner
- Bank-grade oversight as part of SoFi
- 140.4 million accounts processed
Cons
- No self-serve pricing
- Owned by a consumer bank that may compete with clients
- Revenue fell 24% in Q3 2026 after a large client left
Who Each Is Best For
Marqeta
A fintech, lender, or brand with real card volume that wants to run its own card program through APIs and control how each payment is approved.
SoFi Technology Solutions
A US or Latin American fintech, bank, or brand that wants card issuing, account processing, and a banking core from a processor with a long record.
Alternatives to Marqeta and SoFi Technology Solutions
These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Marqeta and SoFi Technology Solutions.
Other Card Issuing and Processing Companies
| Company | Score | Best for | Comparisons |
|---|---|---|---|
| Thredd | 74 | Card programs in the UK, Europe, and Asia-Pacific | Thredd vs Marqeta |
| Lithic | 79 | US card programs that want strong APIs and quick launches | Marqeta vs Lithic |
| Highnote | 77 | US platforms that want issuing and acquiring on one ledger | Marqeta vs Highnote |
| i2c | 75 | Banks that want credit and debit processing on one platform | SoFi Technology Solutions vs i2c |
| Paymentology | 76 | Multi-country card programs in emerging markets | None yet |
Frequently Asked Questions
Is SoFi Technology Solutions the same as Galileo?
Yes. SoFi renamed Galileo after buying it in 2020.
Which is bigger?
Marqeta has more published volume, $382.5B in 2025. SoFi Technology Solutions processes 140.4 million accounts.
Do they publish prices?
No. Both price by contract.
Sources
- The Fintech Index analysis of Marqeta and SoFi Technology Solutions, conducted November 2026 (As of November 10, 2026)
- Marqeta, investor relations: https://investors.marqeta.com/ (As of November 10, 2026)
- Marqeta, company site: https://www.marqeta.com/ (As of November 10, 2026)
- SoFi Technology Solutions, company site: https://www.galileo-ft.com/ (As of November 10, 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 10, 2026)
- TechCrunch, SoFi acquires Galileo, 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 10, 2026)