Why SoFi Technologies Stock Is Surging On Tuesday?

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SoFi Technologies Inc (NASDAQ:SOFI) shares are trading higher on Tuesday. This rally follows a major expansion of the company’s fintech ecosystem.

New Enterprise Banking Launch

The surge follows the debut of SoFi Big Business Banking. This platform targets enterprise clients and it allows companies to manage fiat and crypto transactions within one regulated system.

Early participants include Mastercard Inc (NYSE:MA) and BitGo.

FedNow Real-Time Integration

SoFi’s technology arm, Galileo Financial Technologies, recently integrated the FedNow Service.

SoFi is among the first banks allowing members to both send and receive instant payments 24/7.

Recovery From Short Seller Claims

The stock is …

Full story available on Benzinga.com

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