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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Tax-Advantaged Account Platform Carry Raises $10 Million
An investment platform with an emphasis on tax-saving strategies has raised a new round of funding. About the round: Earlier this week, Carry revealed that it had raised $10 million. The Series A was led by Accomplice VC with “dozens” of angel investors participating as well. According to the company, the funds were raised at…
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Aven Raises $142 Million for Home Equity-Backed Credit Card
A company that offers a home equity-backed credit card has secured a new “megaround” of funding. About the round: This week, Aven announced that it had raised $142 million. The Series D was led by Khosla Ventures and General Catalyst while returning investors, such as Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership,…
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Sequoia Reportedly Offers to Buy Stripe Shares from Investors
Major FinTech investor Sequoia Capital is reportedly offering to buy stakes of Stripe from previous investors. What’s happening: According to a report from Axios, Sequoia has been emailing limited partners that invested in Stripe between 2009 and 2012. The venture capital firm is offering to purchase up to $861 million in shares of the FinTech…
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CNBC Names Top 250 FinTech Companies for 2024
The popular financial network CNBC has released its latest list highlighting the top 250 FinTech companies in the world. About the list: To compile this list, CNBC partnered with Statista. Although the companies were nominated by themselves via an application — which included sharing 2023 revenues, year-on-year sales growth rate, and total employee count —…
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Pinwheel Announces New Partnership with Narmi
Two FinTechs are teaming up to bring a useful feature to workers. About the partnership: This week, Pinwheel and Narmi announced their newly formed partnership. As a result of this deal, Narmi financial institution customers will have access to Pinwheel Prime and other solutions. One of the key features of Pinwheel Prime is direct deposit…
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Are We Witnessing the End of the Neobank?
The first time I heard the term “FinTech” was in 2015. In the near-decade since, I’ve become a diligent observer of the industry and a sizable fan overall. Over the years, I’ve witnessed some startups rise to mainstream success while others go out nearly as quickly as they arrived. Similarly, I’ve watched as venture capital…
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Robinhood Acquires AI Investment Research Platform Pluto
The popular trading app Robinhood is joining the AI gold rush with its latest acquisition. About Pluto and the acquisition: In a blog post, Robinhood announced plans to purchase the AI-powered investment research tool Pluto Capital. With Pluto, investors can obtain customized strategies based on their goals. As a result of the acquisition, Pluto’s founder…
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Rainforest Announces $20 Million Funding Round
A payment provider built for software platforms has raised a sizeable Series A. About the round: Rainforest has announced that it has raised $20 million in new funding. The over-subscribed Series A was led by Matrix Partners with returning investors Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, and Ardent Venture Partners also…
