SoFi Tech Solutions: Overview
SoFi Tech Solutions, formerly Galileo Financial Technologies, is a Utah-based financial technology platform headquartered in Sandy, Utah. SoFi Tech Solutions provides infrastructure for banks, fintechs, and brands building modern financial products and digital experiences. Its platform supports areas such as payments, card issuing, deposits, lending, risk, and digital banking capabilities.
The company operated for more than 2 decades under the Galileo name before completing its transition to SoFi Tech Solutions in 2026. The rebrand reflects its broader role within SoFi’s technology business while preserving the platform, products, and history developed under Galileo.
Website: tech.sofi.com
In Simple Terms
In simple terms, SoFi Tech Solutions builds the technology that other companies use to offer financial services. It helps power things like cards, payments, accounts, and digital banking tools.
A simple way to think about it is this: SoFi Tech Solutions builds the system, and other companies build the app or service that people actually use.
Growth
SoFi Tech Solutions traces its history to Galileo Financial Technologies, which was founded in 2001 by Clay Wilkes, a Utah fintech entrepreneur who remained closely associated with the company through its growth and eventual sale. Over more than 20 years, Galileo expanded from a payments-focused business into a broader financial technology platform serving banks, fintechs, and brands.
A major turning point came in April 2020, when SoFi announced it would acquire Galileo for $1.2 billion. The acquisition brought Galileo into the SoFi organization while keeping the technology platform central to SoFi’s broader strategy. In 2022, SoFi completed its acquisition of Technisys, adding core banking technology and further expanding the capabilities of the combined platform.
In 2026, Galileo completed another major chapter in its history by becoming SoFi Tech Solutions. The new name reflects the broader technology platform created through Galileo, Technisys, and SoFi while continuing to serve financial institutions, fintechs, and brands.
Read our full SoFi profile.
What SoFi Tech Solutions Does
In practical terms, SoFi Tech Solutions provides the technology other companies use to build and run financial products. It helps banks, fintechs, and brands support things like accounts, cards, payment processing, money movement, and digital banking experiences through a broader financial technology platform.
That is why SoFi Tech Solutions is best understood as an infrastructure company within fintech. It also fits into the broader banking as a service ecosystem, where technology platforms help connect financial apps and products to regulated banking infrastructure.
For lending products, platforms like LoanPro may be used alongside SoFi Tech Solutions to handle loan management, servicing, and repayment workflows.
Most people do not use SoFi Tech Solutions as a direct consumer brand. Instead, they use financial products that may be powered by its technology in the background. SoFi Tech Solutions is a technology platform rather than a bank, which helps clarify its role.
Main Products and Services
tech.sofi.com | Products
SoFi Tech Solutions organizes its platform around several major product groups, including Deposits, Engagement Channels, Payments & Cards, Lending, Risk, and Platform. Those categories show that SoFi Tech Solutions operates across multiple parts of modern financial technology rather than focusing on one narrow service.
- Deposits includes deposit infrastructure, Cyberbank Core, and core modernization tools.
- Engagement Channels includes Cyberbank Digital, digital banking, Cyberbank Konecta, and conversational AI.
- Payments & Cards includes card issuing, Payment Hub, co-brand debit, disbursements and payouts, parent and teen programs, and credit cards.
- Lending supports products such as secured credit, corporate credit, Buy Now Pay Later, personal loans, and business loans.
- Risk covers tools related to fraud prevention, verification, payment risk, and other risk-management functions.
- Platform refers to the broader technology infrastructure, APIs, developer tools, and integrations used by banks, fintechs, and brands.
Specific products now include Cyberbank Core, Cyberbank Digital, Card Issuing, Payment Hub, Secured Credit, and other lending, payments, and risk tools. Together, these offerings show why SoFi Tech Solutions is broader than a payments or card-processing platform alone.
Financial Institutions and Companies Using SoFi Tech Solutions
SoFi Tech Solutions works with a broad mix of banks, fintechs, and brands. Current client examples include H&R Block, Dave, MoneyLion, SoFi, and Monzo, while its client stories also feature companies such as Bluevine, MyBambu, BitPay, Qube Money, Till Financial, and Clair. That range shows that SoFi Tech Solutions is not limited to one corner of fintech or one type of financial product.
Its clients span areas such as consumer finance, business banking, digital payments, embedded financial services, and financial technology. The platform serves both emerging companies and established brands, which helps explain why SoFi Tech Solutions is better understood as a broad financial technology platform rather than a niche app provider.
From a Utah perspective, SoFi stands out because SoFi owns SoFi Tech Solutions. Bluevine is another recognizable fintech client, while companies such as H&R Block and Monzo show that the platform reaches beyond newer fintech startups into larger and more established financial brands.
Read our full Bluevine profile.
Competitors
SoFi Tech Solutions competes with other companies that provide the infrastructure used to launch and run modern financial products. Its platform spans core banking, card issuing, payment processing, deposits, lending, risk, and APIs, so its competitive set reaches across several parts of fintech infrastructure rather than one narrow niche.
Some of the more relevant competitors include Marqeta in card issuing and modern processing; Stripe Treasury, Treasury Prime, Increase, and Alviere in banking infrastructure and embedded finance; and larger established processors such as Fiserv and TSYS. The broader point is that SoFi Tech Solutions competes with both newer API-driven platforms and established financial infrastructure providers.
Platform, Access, and Business Model
SoFi Tech Solutions is mainly a business-to-business (B2B) platform. It serves banks, fintechs, and brands that want to launch or expand financial products, rather than marketing itself as a direct consumer app or bank. Its client base includes traditional banks, digital banks, fintech startups, and non-financial brands embedding payments, accounts, cards, or other financial services into their customer experience.
In practice, companies access SoFi Tech Solutions through its APIs, platform tools, and developer infrastructure. The platform supports products such as accounts, payments, transfers, card programs, lending, and digital banking experiences, along with tools tied to fraud, risk, compliance, reporting, and integrations. It also provides documentation, APIs, and sandbox testing for developers building financial products.
That means most people never interact with SoFi Tech Solutions directly. Instead, they may use a bank account, card, wallet, or financial app built by another company that runs on its technology. From a business model standpoint, SoFi Tech Solutions is best understood as an infrastructure provider that helps other companies bring financial products to market.
Why SoFi Tech Solutions Matters in Utah
SoFi Tech Solutions matters in Utah because it shows that the state’s financial industry is not limited to banks, credit unions, and consumer-facing apps. Utah is also home to companies building the technology infrastructure behind modern financial services.
SoFi Tech Solutions is headquartered in Sandy near I-15, and the company shares the same building as Mountain America Credit Union. That creates a strong local connection between a major Utah fintech company and one of the state’s best-known credit unions.
The company also represents a different side of finance in Utah. It is not mainly a bank people use directly. Instead, SoFi Tech Solutions helps power the systems behind financial products, which shows that Utah’s role in finance includes not only front-facing institutions, but also the technology that supports them.
This also helps show the range within Utah fintech. Infrastructure companies like SoFi Tech Solutions work behind the scenes, while companies like BILL operate closer to businesses, helping manage payments and financial workflows.
Read our full Mountain America Credit Union profile.
Limitations
It is important to understand that SoFi Tech Solutions is not mainly a consumer financial brand. Most people will never open an account with SoFi Tech Solutions the way they would with a bank, credit union, or finance app. Instead, the company provides the infrastructure that other businesses use to offer those products.
It is also better not to think of SoFi Tech Solutions as only a banking company or only a card processor. Its platform spans accounts, payments, transfers, card issuing, lending, fraud and risk tools, and compliance support, which makes it broader than a single-label description.
Conclusion
SoFi Tech Solutions, formerly Galileo Financial Technologies, is a Utah-based company operating in the infrastructure layer of modern finance. From its headquarters in Sandy, Utah, SoFi Tech Solutions supports banks, fintechs, and brands with technology tied to payments, card issuing, accounts, lending, risk, and digital financial tools.
For Utah, SoFi Tech Solutions stands out because it shows that the state’s financial industry includes more than consumer-facing banks and apps. SoFi Tech Solutions represents the side of fintech that builds the systems other companies rely on, making it an important part of Utah’s broader financial technology landscape.
Disclaimer:
This page is not affiliated with, maintained by, or sponsored by SoFi Tech Solutions or SoFi Technologies, Inc. The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The SoFi Tech Solutions name and logo are trademarks of SoFi Technologies, Inc.
