SoFi Shares Rise 5% on Tech and Banking Advances

SoFi Technologies Inc. shares climbed more than 5 percent on Tuesday, reaching a high of 18.08 and closing at 17.91, as the digital financial services company advanced its technology platform and enterprise offerings amid ongoing market volatility.

The San Francisco-based firm, which operates a national bank charter and provides lending, banking, investing, and technology services, saw trading volume of about 57 million shares, down slightly from its average. The gain followed a previous close of 17.05 and marked a rebound in the broader fintech sector, where peers like PayPal and Affirm also rose. SoFi's stock has fluctuated significantly this year, down roughly 38 percent year-to-date after peaking near 32.73 early in 2026, influenced by economic concerns and a high short interest of 13.24 percent of the float.

Key drivers included recent enhancements to SoFi's payment infrastructure. Through its Galileo Financial Technologies unit, which supports 128.5 million global accounts for third-party clients, SoFi became one of the first banks to enable members to send and receive instant payments via the Federal Reserve's FedNow Service around the clock. Officials described the...