Author: Fioney Staff
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Payroll API Provider Zeal Announces $13 Million Series A
FinTech’s record-breaking year rolls on as the payroll API provider Zeal has announced a $13 million funding round. The Series A was led by Spark Capital with Commerce Ventures and various individual investors also participating. Among those numerous individual investors, one of the most notable is Robinhood co-founder and CEO Vlad Tenev. This latest funding comes nearly 18…
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One-Third of Recent College Grads Turn to the Internet for Money Advice
It’s often said that those graduating college or other higher education institutions are entering the “real world.” Of course, in the past couple of years, that “real world” has been far from normal. Nevertheless, a new survey of recent college graduates conducted by Experian found that Gen Zers were actually fairly upbeat about their futures…
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FICO Survey: 71% of Americans Willing to Open a Bank Account Digitally
With the pandemic continue to shape how Americans interact with various institutions, it looks as though Americans are more willing to embrace digital solutions for financial services. According to a recent survey by FICO, 71% of U.S. consumers say they’d be willing to open a bank account digitally — via either a website or mobile…
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Vast Bank Introduces Crypto Banking Service and App
At a time when cryptocurrency is seeing greater mainstream acceptance, one FDIC-insured bank is now making it easier for their customers to trade and hold crypto assets. The Tulsa-based bank Vast has launched its Crypto Banking platform and app, made possible through a partnership with Coinbase and SAP. According to the company, this makes them…
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BankUnited Launches Inaugural Women in Business Challenge
Women-owned businesses that could use an extra $10,000 might be interested to hear about the latest small business challenge. BankUnited’s inaugural “Small Business, Big Dreams” content is now accepting entries through September 23rd. However, applicants must be based in either New York or Florida and be at least 51% women-owned. Additionally, the content defines “small…
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Fractional Trading Platform DriveWealth Raises $450 Million
Another FinTech mega round is in the books as DriveWealth has just announced that it’s raised $450 million. The Series D was co-led by Insight Partners and Accel with “significant participation” from Greyhound Capital, Softbank Vision Fund 2, and Point72 Ventures (which previously led the firm’s Series C). Returning investor Fidelity International and new investors…
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FinTech Firm One Announces $40 Million Funding Round
Another neobanking app has just closed a significant investment round. This week, FinTech app One has revealed that it raised $40 million. The Series B was led by Progressive Investment Company, Inc. while Obvious Ventures, Foundation Capital, Core Innovation Capital, and others also participated. With the newly-acquired funds, the company says it plans on scaling…
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Survey: 77% of Americans Report Using Delivery Services in the Past Year
It may come as no surprise that, throughout the pandemic, the popularity of delivery services has ramped up. This not only restaurant delivery services such as Uber Eats, Grubhub, and DoorDash but also grocery services like Instacart and several other “to your door” courier options. Now, a survey commissioned by LendingTree and performed by Qualtrics…
