Fintech stocks were sold off in Wednesday afternoon trading, impacted by risk-off sentiment. SoFi Technologies (NASDAQ:SOFI) fell 3% to $17.50, with the market ignoring positive news such as reports of a potential settlement partnership with crypto exchange Kraken and rumors of its possible inclusion in the S&P 500 index. Affirm Holdings (NASDAQ:AFRM) dropped 5% to $68.75, marking the most significant decline among major fintech companies. Robinhood Markets (NASDAQ:HOOD) stock remained largely flat, down only 0.4% to $116.93, cushioned by its diversified revenue structure and a market capitalization of $92.4 billion, which far exceeds the combined market caps of SoFi and Affirm.