SoFi Shares Rise 3% After FedNow Integration, Benzinga Reports

Shares of SoFi Technologies rose 3.18% to $16.73 on Monday, supported by a key payments infrastructure upgrade and expansion into enterprise banking, according to Benzinga. The move came as broader markets remained modestly positive, with the Nasdaq up 0.19% and the S&P 500 gaining 0.13%.

The stock’s rise follows the integration of the U.S. Federal Reserve’s instant payments system, positioning SoFi among early adopters offering round-the-clock transaction capabilities.

FedNow Integration Boosts Payment Capabilities

SoFi’s technology subsidiary, Galileo Financial Technologies, announced integration with the FedNow Service, enabling customers to send and receive payments instantly, 24/7.

This development marks a significant upgrade to SoFi’s digital banking infrastructure, aligning it with the growing demand for real-time payments. The integration places the company among the first financial institutions to deliver continuous instant payment functionality, a feature expected to enhance customer experience and transaction efficiency.

The rollout comes as financial institutions increasingly adopt real-time settlement systems to remain competitive in digital banking and fintech ecosystems.

Stock Performance and Technical Indicators

At $16.73, SoFi shares were trading approximately 1% above their 20-day simple moving average (SMA), though still 26.8% below the 100-day SMA, indicating partial recovery from earlier declines.

Technical indicators suggest improving momentum. The moving average convergence divergence (MACD) stood at -0.7531, compared with a signal line of -0.9439, pointing to a gradual strengthening in trend direction.

Over the past 12 months, the stock has gained 53.65%, though it has experienced significant volatility, trading within a 52-week range of $10.07 to $32.73. Key technical levels include resistance at $18.50 and support at $15.00.

High Short Interest Signals Mixed Sentiment

Short interest in SoFi has climbed to 165.26 million shares, representing 13.24% of the company’s float, with an average daily trading volume of 71.01 million shares.

The elevated short interest reflects continued skepticism among some investors, even as the stock shows signs of recovery. High levels of bearish positioning can contribute to volatility, particularly when positive developments trigger short covering.

The stock’s recent rebound follows a period of pressure linked to a report by Muddy Waters Research, which criticized the company’s financial reporting and described its model as overly reliant on financial engineering.

SoFi management rejected the claims, stating they reflected a misunderstanding of its business model. The dispute contributed to earlier declines but has since been partially offset by operational updates.

Expansion Into Enterprise Banking

In addition to strengthening its payments infrastructure, SoFi has launched SoFi Big Business Banking, a platform targeting enterprise clients. The service enables businesses to manage both fiat and cryptocurrency transactions within a single regulated system.

Early participants include Mastercard and BitGo, signaling initial traction among established financial and digital asset players.

The expansion marks a strategic shift beyond consumer-focused offerings, allowing SoFi to diversify revenue streams and tap into institutional demand for integrated financial services.

The platform reflects broader industry trends, where financial institutions are increasingly combining traditional banking services with digital asset capabilities to meet evolving client needs.

Market Context and Outlook

SoFi’s recent gains come against a backdrop of modestly positive equity markets and ongoing transformation in the fintech sector. The integration of real-time payments and entry into business banking highlight the company’s efforts to strengthen its competitive position.

While operational developments have supported near-term momentum, the stock remains below longer-term averages, indicating that recovery is still in progress. Elevated short interest and prior scrutiny continue to influence investor sentiment.

Overall, SoFi’s ability to execute on its technology-driven strategy and expand into new segments will remain key factors shaping its performance in the coming quarters.