What's Going On With SoFi Technologies Stock?

SoFi Technologies Inc SOFI shares are trading slightly lower on Thursday. Here's a look at what's going on. 

What To Know: SoFi subsidiary Galileo Financial Technologies announced that it's Buy Now, Pay Later offering can now be offered by lenders as an option for small business clients. 

As part of its partnership with Mastercard, banks working with Galileo can offer financing options through Mastercard installments, which allows more flexibility for larger purchases. 

"Leveraging the power of the Mastercard Installments program, we extended our platform to give small business owners the opportunity to do more with their money through increased access to funds," said David Feuer, chief product officer at Galileo.

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What Else Is Going On: Wednesday night on CNBC's "Mad Money," Jim Cramer was asked about SoFi. He told the caller that he recommends buying and holding SoFi shares. 

"I see that the company [had] a really huge move and then had a big pullback," Cramer said. "I think that [Anthony] Noto is a steady hand, so I’m in favor of owning ... but not trading the stock."

SoFi scheduled its third-quarter financial results this week. The company is set to report before the market opens on Oct. 30. 

SOFI Price Action: SoFi shares were down 0.66% at $7.41 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.