SoFi Technologies, Inc. (NASDAQ:SOFI) announced the launch of SoFi Big Business Banking, a platform designed for enterprise clients to seamlessly manage both traditional fiat and cryptocurrency transactions within a regulated framework. This innovative offering enables businesses to hold deposits, conduct real-time transactions, and settle payments around the clock, thereby streamlining financial operations. The platform combines the features of a nationally chartered bank with modern API-driven infrastructure, enhancing its functionality. Early adopters include notable companies like Mastercard Inc., BitGo, and Fireblocks, indicating strong institutional interest.

In the broader market context, SoFi's stock surged 8.75% to $17.52 during premarket trading, driven by a rally in the technology sector. Despite this short-term strength, the stock remains 24.1% below its 100-day simple moving average, suggesting mixed long-term trends. Analysts predict a 12 cents earnings per share (EPS) for the upcoming financial update on April 29, 2026, with revenue estimates reaching $1.05 billion. The stock currently holds a Hold Rating with an average price target of $24.53.