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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Ecommerce “CashBack” Platform Fondue Raises $10.5 Million
A FinTech that’s focused on replacing ecommerce coupon codes with a more beneficial solution has just secured a significant investment. This week, Fondue announced that it had raised $10.5 million. The seed round was led by Quiet Capital and Hanaco Ventures, while other participants included Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared…
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Power Emerges from Stealth Mode with $16.1 Million Round
When a FinTech startup begins its life, it’s fairly common for it to go under the radar. In fact, some companies seem to prefer this, opting to stay in “stealth mode” until the time is right — such as announcing a product launch or fundraising. That’s the case with a FinTech startup called Power, which…
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Mercury Debuts IO Company Card for Startups
A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases,…
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Robinhood Debuts “Investor Index” with App’s Most-Owned Stocks
Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company’s own missteps, there’s also been plenty of focus on what types of investments the app’s users are pouring their money into. Now, Robinhood has announced the launch of its…
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Alloy Announces Additional $52 Million for Series C
A FinTech that helps other FinTechs as well as banks to better automate their decision-making process has raised more money on top of its recent “megaround.” Last week, Alloy announced that it had raised another $52 million, with the latest round valuing the company at $1.55 billion. These funds add to the company’s previously-announced $100…
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FTC Orders Credit Karma to Halt “Pre-Approved” Offers
For years, the free credit score site Credit Karma has grown in popularity, becoming a default option for many consumers curious about their credit. While the site has remained free to use, one of the ways the company has monetized is by offering credit card referrals to customers, with many of these suggestions being accompanied…
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“Donate Now, Pay Later” Platform B Generous Officially Launches
Over the past couple of years, the “buy now, pay later” (BNPL) craze has exploded. Companies such as Klarna, Afterpay, and others have popularized the practice of financing purchases over the course of four payments (and without interest) — with Apple soon set to join the fray as well. In turn, a new FinTech is…
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Payments Platform Highline Closes $13 Million Funding Round
A payment platform that could benefit both consumers and lenders has closed a significant early-stage funding round. This week, Highline Technologies announced that it had raised $13 million. The Series A was led by Jump Capital, Costanoa Ventures, and Foundation Capital with participation from other investors. It also follows a $4.5 million seed round that Highline raised in February.…
