Author: Fioney Staff
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HighRadius Announces $300 Million Funding Round
When it comes to FinTech, some of the most well-known companies are those that consumers interact with on a regular basis. These include the likes of Square, PayPal, SoFi, Robinhood, etc. However, it’s often the startups that operate “behind-the-scenes” — such as Plaid, Stripe, and others — that actually attract the largest investments. Case in…
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Survey: 62% of Small Businesses Retain In-House Accounting
For many entrepreneurs, one of the most daunting tasks of running a business is maintaining financial records and other accounting needs. Because of this, it’s common for business owners to outsource these needs. However, a new survey shows that a somewhat surprising number of smaller businesses utilize an in-house accounting team. According to a survey…
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PayPal Introduces “Checkout with Crypto” Option
Over the past few months, cryptocurrencies have seen tremendous growth not only in terms of price but also in mainstream acceptance. The latest example of this comes from PayPal, which just announced the rollout of their Checkout with Crypto feature. With Checkout with Crypto, buyers will have the option to pay for their purchases using…
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Leading U.S. Credit Card Issuers Cut Limits by $99 Billion in 2020
As the COVID-19 pandemic began to tighten its grip on the United States, leading to closures and lockdowns across the country, many feared for the economic worst. Indeed, the following weeks brought massive job losses and stock market volatility. Now, figures show that as this economic uncertainty was spreading, creditors were also slashing spending limits…
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TD Bank Introduces Double Up 2% Cash Back Credit Card
One common complaint among those who are skeptical of credit cards rewards is that the earning structure some of these options offer is too complicated. Between category specific multipliers and rotating bonus categories, it’s understandable that some would prefer a more straightforward solution. Enter the new TD Double Up Card — a new product from…
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Bitcoin Rewards Platform Lolli Raises $5 Million From VCs, Celebrities
With Bitcoin continuing to show strength (despite a few ebbs this week), another startup in the crypto space has announced a new round of investment. This week, the Bitcoin rewards platform Lolli announced that it had secured $5 million in funding. The “pre-Series A” round included participation from firms Seven Seven Six and Night Media.…
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Robinhood Files Paperwork for Planned Initial Public Offering
One of the largest, most popular, and often controversial FinTechs is apparently getting ready to go public. This week, Robinhood announced that it had confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC). While this filing confirms the company’s eventual plans for an initial public offering, the SEC…
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Revolut Applies for U.S. Bank Charter
Another FinTech app has announced that it’s looking to become a bank. As TechCrunch reports, London-based Revolut has filed a draft application with the California Department of Financial Protection and Innovation as well as the Federal Deposit Insurance Corporation (FDIC). If granted, the charter would allow Revolut to offer a greater number of financial services…
