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Category: FinTech News

FinTech News

Public App Adds Corporate and Treasury Bonds Feature

by Kyle Burbank
The FinTech trading app Public has announced new investment options for its members. About the features: Public is now rolling out the ability for customers to invest fractionally in corporate and Treasury bonds. This capability will be introduced on both the mobile and desktop interfaces for the service. According to Public, the addition comes as demand for fixed-income products increases. In addition to these bond types, the app will also...
FinTech News

Debt Collection FinTech January Raises $12 Million

by Kyle Burbank
A FinTech focused on changing debt collection practices has closed a new round of funding. About the round: January has announced that it's raised $12 million. The Series B was led by IA Ventures with participation from returning investors Brewer Lane Ventures, Third Prime, and Reciprocal Ventures alongside new investors such as Upper90 and Shrug Capital. This latest funding will help facilitate new product development as well as allow it...
iPhone using Apple Pay
FinTech News

Apple Reportedly Ending Partnership with Goldman Sachs

by Kyle Burbank
It looks as though Apple and Goldman Sachs will be moving forward with a break-up of their partnership. What's happening: According to a new report from The Wall Street Journal, Apple has now proposed that it and Goldman Sachs end their contract within the next 12 to 15 months. This development comes after months of reports that Goldman had been looking to exit the agreement. The partnership was slated to...
Varo app screenshot of cash advance
FinTech News

Varo Bank Increases Limit for Its Varo Advance Feature

by Kyle Burbank
With the holiday shopping season now underway, Varo Bank is giving customers a way to access more cash instantly. About Varo Advance and the update: Varo has announced that it's increasing the maximum borrowable amount for its Varo Advance feature. Now, customers can access up to $500 using the service. Not only is this new limit double the previous max of $250 but is also five times the limit the...
Step Black Card
FinTech News

Youth-Centric Neobank Step Launches Step Black Card

by Kyle Burbank
Step, a neobank that looks to appeal to younger adults, has announced the debut of a new card option. About Step Black: This week, Step officially launched the Step Black card. Previously, the card gained a waitlist of more than 100,000 people. Now, customers can sign up for the secured card that can help young adults (including those under 18) to build and establish credit. The Step Black card could...
Self. and Regions logos
FinTech News

Regions Bank Announces Partnership with Self Financial

by Kyle Burbank
Regions Bank is promoting a new way for its customers to build and establish credit thanks to a collaboration with Self. About the partnership: This week, Regions Bank announced a new partnership with Self (formerly known as Self Lender). While the FinTech may be best known for its credit builder loan product, this partnership with Self instead focuses on the company's rent and bill reporting service. Through this partnership, Regions...
eTip laptop and app screenshots
FinTech News

eTip Introduces Instant Restaurant Tip Payouts to Platform

by Kyle Burbank
A FinTech service that specializes in cashless tipping is now looking to help waitstaff retrieve their gratuity more quickly. About the new tool: This week, eTip announced that it was introducing a new restaurant tip payout platform. With this option, locations will be able to offer instant payouts to their workers, with funds going directly into their bank accounts. As eTip notes, 71% of American diners use a credit card...
holding a cell phone using the Mint app
FinTech News

Intuit Closing Down Mint, Shifting Users to Credit Karma

by Kyle Burbank
Intuit has announced plans to close down its popular budgeting app Mint. What's happening: In a blog post, Intuit revealed that it would be closing down the Mint platform on January 1st, 2024. With the app's demise, the company is inviting Mint users to join Credit Karma. Intuit states that it intends to "build on the Mint legacy at Credit Karma and provide even greater value to Minters" and, in...
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Small Business News

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

by Kyle Burbank
Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app
FinTech News

Student Loan Benefit FinTech Summer Raises $6 Million

by Fioney Staff
For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
H-E-B and Central Market  credit cards
Credit Cards

Imprint Launches Credit Cards from H-E-B and Central Market 

by Fioney Staff
The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Melissa Urban holding a Ness card
Credit Cards

Health and Wellness Rewards Card Ness Partners with Whole30

by Fioney Staff
In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card
Credit Cards

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

by Fioney Staff
With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....