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SoFi fell 3% and Affirm dropped 5% as risk-off selling hit fintech, brushing off SoFi's unconfirmed Kraken crypto settlement tie-up and S&P 500 inclusion chatter.
Robinhood held near flat, backed by $1.31 billion in Q2 revenue and a $92 billion market cap dwarfing SoFi and Affirm combined.
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SoFi Technologies (NASDAQ:SOFI) stock is down 3% to $17.50 in Wednesday afternoon trade, slipping despite reported chatter that the digital banking platform is tying up with private crypto exchange Kraken for settlement services. That reaction reads as a risk-off session hitting fintech names first.