Category: FinTech News

FinTech News

Celsius Looking to Raise $15 Million from BnkToTheFuture Community, Not VCs

by Fioney StaffJun 11, 2020

Under normal circumstances, a FinTech startup looking to grow would solicit various venture capital (VC) firms in the hope of finding investors. This is something we've seen a lot of lately, such as the crypto trading platform FalconX recently raising $17 million. However, just as cryptocurrencies boast a decentralized financial network, some startups are finding ways to go around this money-raising model. Case in point: Celsius has launched a new...

FinTech News

Qube Money Announces Partnership with Galileo for Innovative App and Debit Card

by Fioney StaffJun 10, 2020

When it comes to the financial technologies field, it would seem that many startups view themselves more as cohorts than strictly competitors. That dynamic has been evident from the widespread adoption of Plaid among personal finance apps to the recent team-up of crypto tax service providers. This week, another tag-team was born as Qube Money announced a partnership with fellow Utah FinTech Galileo Financial Technologies. Under this partnership, Galilieo's API...

FinTech News

Varo Raises $241 Million in Funding Ahead of Bank Charter Approval

by Fioney StaffJun 8, 2020

Once again, despite the challenges the current pandemic has brought upon the U.S., FinTech firms are still closing major deals. Last week Varo announced that it had just concluded a $241 million funding round. The impressive Series D was co-led Gallatin Point Capital and returning investor The Rise Fund. Other participants include HarbourVest Partners and Progressive Insurance. This major funding round comes at a pivotal time for Varo as the...

FinTech News

Gemini Crypto Exchange Support Added to Samsung Blockchain Wallet

by Fioney StaffJun 3, 2020

Over the past few months, electronics giant Samsung has quietly become a significant cryptocurrency supporter. This most notably includes the launch of the Samsung Blockchain Wallet, which is available on newer model Samsung Galaxy devices. This week the company took that product to the next level, announcing that the Samsung Blockchain Wallet would offer integration with the Gemini crypto exchange app. Prior to this announcement, Samsung Blockchain Wallet allowed users...

FinTech News

Stackin' Announces $12.6 Million Funding Round

by Fioney StaffJun 1, 2020

Despite concerns that the FinTech deals were slowing before the pandemic and would continue to slip as a result of shifting economic conditions, news of startups investments continue to roll in. This past week, Stackin' announced that it had raised $12.6 million in a funding round led by Octopus Ventures. The Series B also brought participation from new and existing investors such as Experian Ventures, TechStars, Cherry Tree Investments, Mucker...

FinTech News

Samsung Launching Debit Card Product with SoFi

by Fioney StaffMay 28, 2020

Even in our "new normal," the FinTech SoFi continues to make a splash. Not only has the company debuted several new products in recent months but has also revealed a handful of acquisitions and partnership. The latest on that latter list is Samsung. This week, the companies officially unveiled what's being dubbed "Samsung Money by SoFi." The upcoming product promises users higher-interest earning, savings and money management tools, and more...

FinTech News

Real Estate Tech Company Spruce Raises $29 Million

by Fioney StaffMay 26, 2020

One recurring theme in the world of FinTech has been the ability to conduct virtual, digital transactions whereas in-person meetings were once required. While these innovations first replaced simple functions such as sending money directly to a friend or family member, they've grown to include more complex transactions, such as buying real estate. That's where the company Spruce comes in — and, this past week, the firm got a boost...

FinTech News

FinTech Numerated Announces Automated PPP Loan Forgiveness

by Fioney StaffMay 21, 2020

Among the many ways that the coronavirus pandemic has changed life in America and around the world is that it's made FinTech more relevant than ever before. From contactless payments becoming a growing preference to digital banking proving essential, these innovations have been thrust into the spotlight. Similarly, while select banks struggled to handle the demand of the Paycheck Protection Program (PPP), some online outlets were able to step in,...