Credit Card News
FinTech News
Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they've also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution that boasts insight into more than 900 cryptocurrency assets. Its tools include anti-money laundering and...
FinTech News
FinTech Credit-Building Card Startup Tomo Raises $10 Million
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo's $7 million seed round closed in February of this year, bring its funding to date up to $17 million. With the cash, the company says...
Personal Finance
Survey Finds 45% of Americans Took on More Debt During Pandemic
Despite multiple rounds of stimulus and an overall decrease in credit card debt during 2020, many Americans have found themselves taking on more debt since the start of the pandemic. According to a new survey conducted by Inside 1031, 45% of respondents saw their credit card debt rise since March 2020, including 21% who took on "significantly more" and 24% who now have "somewhat more" debt than before the pandemic....
Credit Card News
Williams-Sonoma and Capital One Introduce Key Rewards Credit Cards
Williams-Sonoma Inc., which includes such popular brands as Pottery Barn, West Elm, and of course Williams Sonoma, has announced a new slate of rewards cards for customers. This line-up includes the Key Rewards Visa, Williams Sonoma Key Rewards Visa, Pottery Barn Key Rewards Visa, and West Elm Key Rewards Visa — as well as private-label versions of all four options. The new cards are the result of the company's partnership...
FinTech News
Credit Card Points App MaxRewards Raises $3 Million Seed Round
With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano Ventures with participation from FinTech Ventures Fund, Service Provider Capital, and Fleetcor president Nick Izquierdo. This investment comes as the app has been...
Small Business News
Gopuff Reveals First “Put Me On” Small Business Accelerator Participants
Business owners in the consumer packaged goods market interested in growing their brand may want to draw their attention to Gopuff's latest news. This week, the delivery platform officially launched its "Put Me On" small business accelerator. Developed in partnership with NBA superstar Chris Paul, the program aims to support entrepreneurs from historically underrepresented groups by partnering them with industry leaders and helping them to grow their businesses. Throughout the...
FinTech News
