FinTech News
FinTech News
DeFi Platform Ondo Finance Raises $20 Million
With decentralized finance continuing to capture interest, a DeFi startup has just announced a significant early-stage funding. This week, Ondo revealed that it had raised $20 million. The Series A was led by the Peter Thiel-founded firm Founder Fund as well as Pantera Capital. Other participants include Coinbase Ventures, GoldenTree, Wintermute, Steel Perlot, Tiger Global, and Flow Traders. Previously, Ondo closed a $4 million seed round last year, which was...
FinTech News
Sutton Bank, BHB Announce Banking-as-a-Service Association
With the FinTech sector continuing to grow at a rapid pace, numerous startups have turned to FDIC-insured banks to help power their platforms. These types of partnerships have since become known as "banking as a service," with the licensed institutions being known as BaaS Banks. Now, one such bank is helping create an association to help support like-minded institutions. Sutton Bank and Bankers Helping Bankers have announced the launch of...
Personal Finance
Walmart Expands Gas Discount Benefit for Walmart+ Customers
Those looking to save money at the pump may now have another option. Today, Walmart announced that it was upgrading and expanding the gas discount benefit offered as part of its Walmart+ subscription. While customers previously enjoyed discounts of between 5¢ and 10¢ per gallon at Walmart and Murphy's gasoline locations, they'll now also be able to save 10¢ per gallon at participating Exxon and Mobil stations. In total, this...
Economic News
Survey: 64% of Credit Users Cite Inflation Among Top Money Concerns
Overall inflation in the United States continues to reach multi-decade highs. In fact, in March 2022, the Labor Department's Consumer Price Index recorded an 8.5% year-over-year increase, marking the largest annual gain since December 1981. As a result, consumers are feeling the pinch as prices on the goods they buy increase. Now, a survey of more than 1,200 credit card customers found that many are not only worried about the...
FinTech News
Neobank Ando Announces Launch of "Change that Counts" Feature
In celebration of this year's Earth Day (which took place on April 22nd), a growing FinTech unveiled its latest plan to help consumers combat climate change. Last week, Ando formally announced the launch of its Change that Counts feature. Now, customers can elect to round-up their purchases to the nearest dollar, with the change going toward the planting of one tree. For example, a purchase of $4.27 would be rounded...
Credit Card News
Bank of America Announces Transition to Recycled Plastic for Cards
Every year, millions of plastic cards are issued to banking customers across the country and around the globe. However, as concerns about the environment and the future of our planet rise, this practice has been called into question and several alternatives have been considered. Thus, in honor of Earth Day, one major bank is announcing plans to make their credit and debit cards a bit greener. Earlier this week, Bank...
Small Business News
