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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Wealthfront Adds Stock Collections For AI, Dividend Stocks, More
The FinTech platform Wealthfront is making it easier for customers to invest in artificial intelligence AI by rolling out new Stock Collections focused on the technology. Elsewhere, a dividend-focused collection has also been added. About the new collections: Wealthfront has announced the introduction of three new Stock Collections: AI Adopters, Generative AI, and Large-Cap High…
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Credit Sesame Relaunches Sesame Credit Builder Mastercard
The credit monitoring site Credit Sesame is relaunching its credit building-debit card. About Sesame Credit Builder: With the Sesame Credit Builder Mastercard, users can allocate part of their Sesame Cash balance to serve as their security deposit. Then, customers can simply make purchases with their debit card, with Credit Sesame adding transactions to their line…
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iWallet Announces Plans to Support FedNow Check Deposits
As the FedNow service rolls out, one business-centric check deposit app has announced plans to bring its capabilities to its platform. About the update and FedNow: The FinTech app iWallet has announced that it will soon integrate FedNow into its service. According to the startup, they’ll be one of the first processing apps to support…
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PayPal Launches PYUSD Stablecoin
PayPal is expanding its digital payments network with the introduction of a new stablecoin. About PYUSD: This week, PayPal announced the launch of a United States dollar-backed stablecoin called PayPal USD — or PYUSD. These coins will be redeemable at a 1:1 ratio for U.S. dollars and will be issued by Paxos Trust Company. In the…
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Knot Card-on-File Management API Raises $10 Million
A FinTech that helps customers update their payment information for more seamless e-commerce has raised an eight-figure Series A. About the round: This week, Knot announced that it had raised $10 million. The Series A was led by Nava Ventures while Amex Ventures, fellow FinTech Plaid, and several individuals also participated. To date, the company…
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FinTech B Generous Signs Equity Deal with NFL’s Damar Hamlin
A FinTech aiming to make donating to charity more accessible has announced a partnership with an NFL star. About the deal and B Generous: This week, B Generous announced a collaborative partnership with football player Damar Hamlin. As part of the deal, Hamlin will receive equity in the startup while also working with the firm’s…
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Croissant Launches, Raises $24 Million Seed Round
A FinTech platform that helps power retail reselling has raised a new round of funds upon its launch. About the funding round: The FinTech Croissant recently announced that it had raised $24 million. The seed round included participation from Portage, as well as KKR co-founders George Roberts and Henry Kravis. These funds helped accelerate the…
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FinTech Funding Falls in Q2 2023 for Lowest Quarter Since 2017
After reaching soaring highs in recent years, the FinTech funding market has continued to decline — with the latest figures amounting to a multi-year low. About the report: According to CB Insights’ State of FinTech report, global FinTech funding totaled $7.8 billion in the second quarter of this year. Not only was this off nearly…
