Shares of fintech firms Upstart (NASDAQ: UPST), SoFi Technologies (NASDAQ: SOFI), and Affirm (NASDAQ: AFRM) were rallying today, up 6.1%, 3.7%, and 7.9%, respectively, as of 3:36 p.m. ET. Today's rally appears to be all about interest rates.
HAMPSHIRE, UK & SALT LAKE CITY, September 28, 2022--New research conducted by Juniper Research in collaboration with Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), reveals most U.S. B2B businesses are not only familiar with embedded finance, but they are already offering an embedded finance solution. The top three critical business pain points being solved by embedded finance today are: customer r
Shares of several tech stocks bounced today after an intense few weeks of selling and as the market tries to determine what will happen to the economy and monetary policy in 2023. Shares of the artificial-intelligence lending-company Upstart (NASDAQ: UPST) traded 4.7% higher as of 12:05 p.m. ET today. Shares of the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM) traded 4.1% higher, while shares of digital-bank SoFi (NASDAQ: SOFI) traded as much as 4.9% higher before giving up most of those gains, as of this writing.