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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Varo Bank Now Offers No-Fee Cash Deposits at CVS Locations
FinTech-turned-bank Varo has announced a new money-saving perk for customers. About the no-fee deposit feature: This week, Varo Bank revealed a collaboration with both Green Dot and CVS that will benefit accountholders. Now, customers can deposit cash into their Varo account at CVS with no fee. In total, there are more than 7,500 participating CVS…
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SoFi Announces Surpassing 10 Million Member Milestone
A FinTech giant (and full-fledged bank) has just announced its latest growth accomplishment. About SoFi’s milestone: This week, SoFi revealed that it recently surpassed 10 million members. That figure includes nearly 2.5 million members who have joined the platform since the start of calendar 2024. SoFi also reports that, in less than five years, its…
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Neobank Current Reveals $200 Million in New Capital
A popular neobank has announced an injection of new capital as it nears profitability. About the funding and more: Current has reported receiving $200 million in fresh capital. These funds came from existing investors Andreessen Horowitz, Wellington Management, and Avenir. New investors General Catalyst and Cross River Bank also participated. Prior to this, Current had raised…
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Atlas Card Announces $27 Million in New Funding
A FinTech offering an invite-only charge card has raised a new round of funding for its premium product. About the funding round: Atlas Card has revealed that it has raised $27 million in financing. The Series B was led by Michael Gilroy and Gokul Rajaram’s Marathon, while angel investors such as Eric Schmidt, Olaf Carlson-Wee, and Anton Levy also participated. This…
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Robinhood Introduces Tax Lots Feature for Selling Assets
Robinhood is adding a new feature that will give customers greater control when it comes time to sell their shares. About Tax Lots: Today, Robinhood announced the launch of Tax Lots. With this feature, traders will be able to better manage their tax liabilities by gaining control over how their shares are sold. Using Tax Lots,…
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FinTech Co-Branded Card Company Cardless Raises $30 Million
A co-branded credit card solution company has raised a new round of funding. About the round: This week, Cardless announced that it’s raised $30 million. The round was led by Activant Capital with new and returning investors such as Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures also participating. With this latest funding, Cardless…
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Robinhood Crypto Relists Previously Removed Assets, Adds More
Robinhood Crypto has added to its list of supported assets — including bringing back some previously delisted coins. About the additions: Recently, Robinhood announced that it was adding four crypto assets to its U.S. platform. These include Solana (SOL), Cardano (ADA), XRP (XRP), and Pepe (PEPE). In total, the platform now allows users in the…
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Swedish “Buy Now, Pay Later” Platform Klarna Announces IPO
Klarna’s plans to launch an American initial public offering have taken a major step forward. What’s happening: This week, Klarna announced that it had submitted a draft Registration Statement to the Securities and Exchange Commission (SEC) relating to a proposed initial public offering. Previously, the Swedish FinTech had been rumored to be eyeing an IPO,…
