Fintech's contagion spread to the rest of the world on Wednesday, following a drastic price increase in the European fintech sector.
Affirm, a company that allows customers to pay now and then later, saw its shares drop by 15%. Block, a payments company, fell by 8%. PayPal Holdings fell by almost 5%.
The sell-offs followed a warning by a European payment company about economic slowdowns on Germany and other key markets.