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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Stock Trading App Public Adding Cryptocurrency Support
As interest in cryptocurrency continues to rise, an increasingly popular stock trading platform has announced that it will now support crypto trades as well. This week, Public announced that crypto trading would be open to app users soon. At launch, users will be able to trade ten initial crypto assets in the app: Bitcoin (BTC),…
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Insurtech Company Ladder Raises $100 Million Round
As the “insturtech” industry continues to grow, one digital term life insurance company just closed a “megadeal” investment. This week, Ladder announced that it had raised $100 million. The Series D was co-led by led by Thomvest Ventures and OMERS Growth Equity. It comes as the company reports that it quadrupled its revenue last year and expects to…
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Mastercard Announces “Mastercard Installments” BNPL Program
Mastercard is getting in on the financing craze. This week, the company announced that Mastercard Installments will soon debut in the United States, Australia, and the United Kingdom. The new feature will enable banks, FinTechs, and others to offer “buy now, pay later” options to customers. Specifically, the company notes that Installments will take on…
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Renter Cash Back Platform Stake Announces $4 Million Funding Round
A FinTech that helps renters earn cashback has just raised some money of its own. This week, Stake announced that it had closed a $4 million funding round. The seed round was led by Shadow Ventures while Hometeam Ventures, Olive Tree Holdings, Blue Field Capital, Hampton VC, Gaingels, and Silicon Valley Connect managing director Ellen Levy also participated. Stake is…
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Goldman Sachs to Acquire Buy Now, Pay Later Platform GreenSky
It looks as though Goldman Sachs is joining the “buy now, pay later” (BNPL) trend. Recently, the bank announced plans to acquire GreenSky in an all-stock transaction valued at approximately $2.24 billion. At this time, the deal is expected to close in Q4 2021 or Q1 2022. GreenSky currently works with more than 10,000 merchants,…
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Robinhood Opens Waitlist for Crypto Wallets
At long last, Robinhood is expanding its cryptocurrency platform. According to a blog post from the company, it will begin rolling out its crypto wallet feature to select users next month. Ahead of that, customers can now join the waitlist (although they will need to update their app before doing so). Users can also move…
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Renters Loyalty Program and Credit Card Bilt Rewards Raises $60 Million
Just three months after debuting, Bilt has announced that it’s raised $60 million in a growth fund round. Investors include the likes of Wells Fargo and Mastercard as well as a group of real estate owners including Blackstone, AvalonBay Communities, Douglas Elliman, Starwood Capital Group, and several others. Launched earlier this summer, Bilt offers a loyalty…
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Mastercard Acquires Cryptocurrency Intelligence Company CipherTrace
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they’ve also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace is a crypto intelligence solution…
