Author: Kyle Burbank
-
Cash App Settles Multi-State Attorneys General Lawsuit
Block Inc. has reached a settlement with several state attorneys general regarding its popular Cash App. About Block Inc.’s Settlement: This week, it was announced that Block Inc. — which owns Square, Cash App, and more — had agreed to a multistate settlement. In total, the company will pay $45 million. As part of the…
-
Market Data FinTech Databento Raises $97 Million
A FinTech that delivers market data to clients via API has raised a significant new funding round. About Databento and Its Latest Funding: This week, Databento announced that it raised $97 million in new funding. The Series B was led by New Enterprise Associates (NEA) while existing and strategic investors such as DRW Venture Capital,…
-
New SoFi ETF Combines Social Strategy with Income Component
SoFi has once again expanded its ETF line-up, debuting a new option built for those seeking both income and growth. About the SoFi Social 50 Income ETF: This week, SoFi debuted its newest ETF: the SoFi Social 50 Income ETF (SFYI). The “social 50” part of the name comes from the fact that this ETF…
-
Capital One Brings Back Enhanced Welcome Bonus for Savor Card
A popular rewards credit card is once again offering a lucrative limited-time welcome bonus. About the Capital One Savor Card Enhanced Welcome Offer: For a limited time, new Capital One Savor card applicants can earn an increased welcome bonus. Now, cardholders can earn $250 in cashback after spending $500 on the card within their first…
-
Swedish BNPL App Klarna Applies for U.S. Banking License
Another foreign FinTech is seeking the right to become a licensed bank in the United States. About Klarna’s Banking License Application: Today, Klarna announced that it has submitted applications with the Utah Department of Financial Institutions as well as the Federal Deposit Insurance Corporation (FDIC) to launch a national industrial bank. As the company notes, it’s…
-
Rakuten Credit Card Announces Upcoming Improvements
Nearly one year after Rakuten launched a rewards credit card, the company has announced some small improvements to the product. About the Updates to the Rakuten Card: As reported by Doctor of Credit, the Rakuten American Express Card is scheduled to receive some updates. When the card debuted in July 2025, the 4% cash back…
-
Rove Adds Frontier Airlines as 19th Travel Transfer Partner
A growing rewards program has added yet another transfer partner — and is offering a limited-time bonus on top of that. About the Addition of Frontier to Rove: This week, Rove revealed that Frontier Airlines was joining its stable of rewards transfer partners. That means that, now, Rove users can transfer their Rove Miles to…
-
American Express Latest to Allow Apple Pay Rewards Redemptions
Amex customers have a new way to redeem their Membership Rewards points toward purchases. About Amex’s Apple Pay Rewards Update: American Express customers with a Membership Rewards-earning card can now choose to redeem their points directly in Apple Pay. This can be done when cardholders are shopping online or in an app via an iOS…
