SoFi Technologies is trading at $19.50 (+4.75%) as the stock extends its recent rally following news of its participation in the U.S. Treasury’s Trump Accounts child investment program and an expansion into small business lending.
- The company is diversifying its financial services by joining the new federal investment initiative and entering the small business loan market.
- Sentiment is also being supported by broader strength in the cryptocurrency market, with Bitcoin up 1.79% and Ethereum up 3.14% since the previous close.