Category: FinTech News
FinTech News
FinTech News
Robinhood Officially Files for Initial Public Offering
After previously confidentially submitting a draft registration statement in March, this week, Robinhood made it official, announcing its plans to go public. The number of shares Robinhood plans to issue and the price range they'll be targeting have yet to be determined. What is known is that the FinTech will list on the Nasdaq under the ticker symbol $HOOD. One interesting note in Robinhood's filing is that the company plans to...
FinTech News
Credit Sesame Adding Credit Building Abilities to Debit Card Product
For years, building credit has been a bit of a Catch-22, in that establishing credit first requires consumers to obtain credit. This reality is something that several FinTechs have taken note of, with a growing number now offering their own solutions. The latest platform to take a swing at addressing this issue and leveling the playing field is Credit Sesame, which is rolling out a credit building feature for debit...
FinTech News
Digital Wealth Technology Firm Marstone Closes $5 Million Round
Even as the world of FinTech has seen its fair share of so-called "megadeals" in recent months, there have been plenty of early-round investments to be found as well. The latest in this latter category comes from Marstone, which just announced a $5 million round. The Series A was led by Amerant Bancorp, which ponied up $2.5 million in the round. As a result of the transaction, Amerant will nominate...
FinTech News
FinTech Home Buying Platform Lower Raises Massive $100 Million Round
They say that good things come to those who wait. Apparently, that's true when it comes to startups as well. Today, Lower.com announced that it had raised an astounding $100 million Series A led by Accel. The round follows several years of the FinTech bootstrapping its operations, during which time they've managed to see $300 million in revenue and reach profitability. Lower also notes that the nine-figure deal amounts to the...
FinTech News
DeFi Savings Platform Donut Raises $2 Million
Following months of momentum, the past few weeks have been a rollercoaster for cryptocurrencies. Nevertheless, DeFi — short for decentralized finance — and other blockchain-based services have continued to gain the interest of consumers and investors. In fact, one DeFi offering has just revealed its latest funding round. Donut has announced that it raised $2 million in its latest investment round. Previous investor Redalpine led the round, joined by Inventures,...
FinTech News
Financial Sevices Platform B9 Announces Launch
A new neobank is ready to welcome the world. After raising $1.9 million in pre-seed funding earlier this year, B9 says it is now ready to launch its financial services app. In a press release, the startup noted that its goal is to amass 100,000 customers by the end of this year. Meanwhile, the app reports that that "hundreds of thousands" of people have joined the waitlist, with a conversion...
FinTech News
