FinTech News
Fascinated by the rapidly evolving world of financial technology? Our FinTech news category is your insider’s guide to the most cutting-edge innovations disrupting the finance industry. Get up-to-date coverage on the latest breakthroughs in digital banking, cryptocurrency, investing, and more.
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OnePay Partners with Upgrade to Offer Personal Loans
A Walmart-owned FinTech has announced plans to deliver personal loans to customers. About the OnePay-Upgrade Personal Loan Partnership: Today, OnePay (formerly ONE Finance) announced the launch of OnePay Personal Loans. Powering this new offering is a new partnership with fellow FinTech Upgrade. Now, OnePay customers will be able to apply for loans of $1,000 to…
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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,…
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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…
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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…
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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…
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Home Equity FinTech Trovy Raises $15 Million
A FinTech offering a home equity-backed credit card has announced a new round of venture funding. About Trovy and Its Funding Round: This week, Trovy revealed that it had raised $15 million. The Series A was led by Left Lane Capital, with returning seed investors Kleiner Perkins, DCM Ventures, and Camber Creek also participating. With…
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Coverd Card Launches, Offering “Up to 100% Cash Back”
A unique credit card with variable rewards rates has officially launched. About Coverd Card: Recently, the a16z-backed FinTech startup Coverd debuted its unique Coverd Card, which offers up to 100% cash back on eligible purchases. In fact, the company says that it’s already paid out more than $25 million in rewards. The Coverd Card is…
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Embedded Earned Wage Access Platform Reset Raises $6 Million
A FinTech that allows credit unions and smaller banks to offer earned wage access to customers has raised a new investment round. About Reset and Its Latest Round: This week, Reset revealed that it had raised $6 million in funding. The seed round included participation from Georgia’s Own Credit Union, InTouch Credit Union, Chartway Credit…
