Category: FinTech News
FinTech News
FinTech News
FinTech Credit Card Company Petal Raises $55 Million
Throughout the past few months, at a time when the whole world is feeling disrupted, startups once called "disruptors" have found their services becoming more important than ever. In turn, there seems to be a streak of investments in these companies. Case in point: this week, Petal revealed that it had raised $55 million as part of its latest funding round. According to TechCrunch, the raise actually closed in April...
FinTech News
20 of the Top FinTech Deals of 2020 (So Far)
In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the top FinTech megadeals ($100 million+) raised by startups so far this year. Robinhood Funding amount: $600 million ($280 million/$320 million)Round:...
FinTech News
Savings App Guac Launches Equity Crowdfunding Campaign
Over the past few months, the FinTech industry has seen a slew of funding rounds — including some that have climbed even after their original announcement. While these traditional venture capital-led rounds are certainly the norm, they aren't the only way for startups to raise funds. Case in point: this week, New World Savings, Inc., which operates the app Guac, announced that it was seeking seed funding via the equity...
FinTech News
Robinhood Adjusts Options Trading Features Following Criticism
As the free stock trading app Robinhood continues to explode in popularity, the platform has also garnered some criticism and scrutiny. This not only includes a 2018 misstep that found that company backtracking on plans for a "Checking & Savings" account but has also continued with the Securities and Exchange Commission reportedly looking into whether the FinTech has properly disclosed to traders the ways that it makes money. Elsewhere, the...
FinTech News
Neobank Revolut Officially Expands to Japan
Over the past few years, neobanks have become some of the largest players in the FinTech space. While many of these startups are based in the United States, Europe has also seen an explosion of challenger banks — with some making their way to America as well. Now one Britain-based banking service is continuing its global expansion by heading to the Land of the Rising Sun. As TechCrunch reports, Revolut...
FinTech News
Fireblocks and X-Margin Partner to Offer Crypto Derivatives
Even as most laymen are still wrapping their heads around the basic concept of cryptocurrencies, investors are already taking the possibilities to the next level. One example of this is crypto derivatives, which have gained popularity as of late despite some risks and limitations that the current trading platforms hold. Now, Fireblocks has announced integration with X-Margin that will make these types of derivatives more secure. As a press release...
FinTech News
