FinTech News Archives - Page 44 of 72

Category: FinTech News

BlockFi Visa Credit Card

Upcoming BlockFi Credit Card Announces Additional Crypto Benefits

Late last year, BlockFi garnered headlines when it opened the waitlist for its Bitcoin Rewards Credit Card. At the time, the company announced that the BlockFi Credit Card would offer 1.5% cashback (paid out in the form of Bitcoin) on everything they buy in addition to a one-time Bitcoin bonus equal to $250 once they spend at least $3,000 on the card in their first three months. However, with the...
Brex debit cards

Brex Becomes Latest FinTech to Apply for Bank Charter

For years, several FinTechs have considered or actually applied to open a bank of their own. The latest in this line is Brex. According to a Brex press release, the company has submitted an application with the Federal Deposit Insurance Corporation (FDIC) as well as the Utah Department of Financial Institutions (UDFI) to establish Brex Bank. This bank would be a wholly-owned subsidiary of Brex and would be located in...
Marcus logo

Marcus by Goldman Sachs Launches Roboadvisor Platform

When most consumers think of Goldman Sachs, they likely think of a wealthy Wall Streeter. That's partially why the bank introduced its Marcus brand in 2016 as a means of courting a new consumer market. Now, Goldman is continuing those efforts with the debut of Marcus Invest — a low-fee roboadvisor platform. Marcus Invest will automatically allocate consumer funds in a portfolio of ETFs selected to match the customers' risk...
Bitcoin and a dollar bill

Bitcoin Crosses $50,000 Mark to Set New Record High

The year of Bitcoin rages on. After breaking through the long-eyed $20,000 late last year, the cryptocurrency's value has continued to skyrocket. In fact it just set yet another new record as it sailed past a major milestone. After initially popping through the $50,000 threshold earlier in the week before pulling back, $BTC continued to rally. On Wednesday, the cryptocurrency climbed past $52,000 and has stayed on the far side...
Public trading app

Investment Platform Public Announces $220 Million Round, Major Changes to App

In recent weeks, retail investors have been a big topic of discussion. With traders gathering on forums such as Reddit to discuss investments, the power that FinTech brokerage apps can give these customers was seen in a newsworthy short squeeze earlier this month. Now the app Public, which aims to make the stock market social, is shaking this up by not only revealing a new round of funding but also...
woman holding a Tomo Credit Card

TomoCredit Raises $7 Million for Unique Credit Card Product

A startup looking to revolutionize the credit-building card market has just earned itself a significant investment. As reported by TechCrunch, TomoCredit has announced that it recently raised $7 million. The seed round included participation from KB Investment Inc., BAM Ventures, Knollwood Investment Advisory, Strong Ventures, Passport Capital, Ulu Ventures, and Barclays — with the FinTech also being a Barclays Accelerator alum. Additionally, angel investors as well as individual investors Arlan...
Lockstep logo

Cloud Accounting Startup Lockstep Announces $10 Million Round

In a sea of digital banking services and budgeting apps, it's easy to forget how large the scope of FinTech actually is. Additionally, while many startups are focused on P2P, there are plenty of financial needs in the B2B space as well. Enter Lockstep — a cloud accounting startup aiming to help businesses manage their cash flow and invoices. Now, the company has announced a new round of funding that...
Bitcoin

Bitcoin Soars to Record High As Tesla Announces Plans to Accept the Cryptocurrency

Just as Bitcoin ended 2020 in style, it seems to be having an even better 2021. Although the asset remains volatile, it's seen a fairly steady rise in recent months — a far cry from the crash observed just a few years earlier. Now Bitcoin is getting another boost in both price and endorsement as Telsa has announced a major purchase of the cryptocurrency. As CNBC report, an SEC filing...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...