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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Vast Bank Introduces Crypto Banking Service and App
At a time when cryptocurrency is seeing greater mainstream acceptance, one FDIC-insured bank is now making it easier for their customers to trade and hold crypto assets. The Tulsa-based bank Vast has launched its Crypto Banking platform and app, made possible through a partnership with Coinbase and SAP. According to the company, this makes them…
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Fractional Trading Platform DriveWealth Raises $450 Million
Another FinTech mega round is in the books as DriveWealth has just announced that it’s raised $450 million. The Series D was co-led by Insight Partners and Accel with “significant participation” from Greyhound Capital, Softbank Vision Fund 2, and Point72 Ventures (which previously led the firm’s Series C). Returning investor Fidelity International and new investors…
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FinTech Firm One Announces $40 Million Funding Round
Another neobanking app has just closed a significant investment round. This week, FinTech app One has revealed that it raised $40 million. The Series B was led by Progressive Investment Company, Inc. while Obvious Ventures, Foundation Capital, Core Innovation Capital, and others also participated. With the newly-acquired funds, the company says it plans on scaling…
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Neobank Chime Now Valued at $25 Billion Following Latest Round
So far in 2021, the FinTech industry has been on a winning streak. Between record-breaking investment rounds, major acquisitions, IPOs, and big announcements, the sector has garnered plenty of attention. Now, Chime is earning FinTech even more headlines following its latest eye-popping funding round and valuation. As CNBC reports, Chime has announced that it raised…
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Upgrade Announces $105 Million Round at $3.3 Billion Valuation
Another FinTech megadeal is in the books as Upgrade has just announced that it raised $105 million in its latest investment round. The Series E was led by Koch Disruptive Technologies (KDT) with BRV and Ventura Capital also participating. To date, Upgrade has raised a total of $307 million, including a $40 million Series D…
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Venmo Adds Automatic Cryptocurrency Rewards Option to Credit Card
With interest in cryptocurrencies continuing to expand, another brand is adding crypto support to its credit card offering. Venmo has announced its new Cash Back to Crypto program for Venmo Credit Card customers. With this new option, cardholders can elect to automatically purchase cryptocurrency with the cashback rewards they earn each month. Additionally, those who…
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Credit Karma Money Adds Bill Tracking Features for Accountholders
The past few years have been busy ones for Credit Karma. In 2019, the free credit score site — which is now owned by Intuit — launched Credit Karma Savings. Later, when an accompanying checking account was added to the mix, the name was changed slightly to Credit Karma Money, including both Save and Spend…
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“FinTech as a Service” Company Rapyd Raises $300 Million
As a record year for FinTech continues, this week, Rapyd announced that it had raised another $300 million. The Series E round was led by Target Global with participation from new investors Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer as well as returning investors General Catalyst, Latitude, Durable…
