SoFi Tech Platform Drives Revenue Growth, Expands Beyond Financial Services in Q2

Galileo Financial Technologies continued its growth trajectory in the second quarter of 2025, delivering strong financial results while expanding its client base and driving innovation for parent company SoFi Technologies.  

According to SoFi’s Q2 earnings report, released July 29, 2025, the company’s Technology Platform segment—which comprises Galileo and the Technisys cloud-based core banking services platform—posted net revenue of $109.8 million during the quarter, up 15 percent year-over-year. That revenue increase was driven by growth from existing clients, along with deals signed in new client segments during the quarter, SoFi said. 

The tech segment had 160M total enabled accounts at close of Q2 2025, up 1 percent from 158.5 million from the second quarter of 2024, according to SoFi. 

SoFi’s innovation engine

As SoFi CEO Anthony Noto explained on the company’s earnings call, the Technology Platform has been instrumental in driving innovation across SoFi’s business. The segment “allows us to more rapidly develop, test and roll out new products while also providing significant cost savings versus relying solely on third parties," Noto said. 

Noto cited SoFi’s implementation of Galileo Cyberbank Konecta, an AI-powered virtual personal banking assistant, a prime example of this innovation. 

SoFi uses Cyberbank Konecta “to provide seamless support to members across digital channels and reduce operational costs,” observed Noto. “This adoption has led to 65 percent faster average response times and cut our chat abandonment in half."

International success and client expansion

The tech platform's capabilities continue gaining recognition beyond U.S. borders. Earlier this year, Banco Nación, one of Argentina's largest financial institutions, selected Galileo’s Cyberbank Digital platform to modernize their digital banking infrastructure. 

“The implementation, which started with corporate banking, has already resulted in a 25 percent increase in organic client growth and reduced implementation time from months to just four business days," Noto said. 

Diversifying beyond traditional financial services

Along with continued growth from its traditional financial services and fintech target audiences, the Technology Platform is also expanding into new markets. Earlier this year, Galileo launched a first-of-its-kind reward debit program with Wyndham Hotels & Resorts, and the company has signed two additional travel and hospitality companies that are expected to launch before the end of this year, according to Noto. 

This diversification strategy is paying dividends, with Noto adding that the segment anticipates having “approximately 10 new clients that contribute revenue in Q1 2026, that did not contribute revenue in Q1 2025."

As SoFi continues to invest in cutting-edge technologies and expand its client base, the Technology Platform segment is well-positioned to drive continued growth and innovation throughout 2025 and beyond, Noto said. 

See SoFi’s full second-quarter results for more information.