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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Square to Acquire Afterpay, Integrate BNPL Into Existing Platforms
FinTech giant Square is once again looking to expand its reach and venture into other aspects of finance — this time setting its sights on “buy now, pay later” (BNPL). Over the weekend, Square announced plans to acquire the Australia-based service Afterpay. With the deal anticipated to be paid in stock, the implied value of…
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Robinhood Flounders in Market Debut, End First Day Down 8%
After years of hype and some high-profile missteps, yesterday the stock trading app Robinhood went public, hitting the Nasdaq under the ticker symbol $HOOD. Unfortunately, the FinTech faltered in its debut, closing down 8% from its opening price. What’s more, the $38 IPO share price was on the low end of the company’s targetted pricing…
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Landis Raises $165 Million to Help Americans Become Homeowners
New York-based startup Landis has just landed a major investment that will help them continue their mission of turning renters into homebuyers. The $165 million round is comprised of debt and Series A equity financing. Leading the round was the most-active FinTech venture capital investment firm Sequoia Capital with participation from Arrive, Will Smith’s Dreamers…
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FinTech Funding Reaches Record High in Q2 2021
FinTech is on fire! As the latest “State of FinTech” release from CBInsights notes, last quarter marked a boom for financial technology startup funding. In fact, Q2 set a new record for investment deals in the sector. According to the report, FinTech companies raised a total of $30.8 billion from venture capital firms last quarter.…
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Upgrade Launches Bitcoin Rewards Credit Card
Another Bitcoin-earning credit card isn’t just on the way — it’s already here. This week, Upgrade announced the launch of its new Bitcoin Rewards Credit Card. The Upgrade Bitcoin Rewards Credit Card is essentially a crypto reskin of the FinTech’s Cash Rewards card, earning 1.5% back in rewards. However, these rewards aren’t earned upon purchase…
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Play2Pay Raises $13 Million for Payment Gamification Platform
What if mobile phone customers could get a discount on their service by playing games and participating in other activities? That’s exactly what Play2Pay is making possible — and, now, the FinTech is bringing in money of its own, recently closing an eight-figure funding round. Miami-based start-up Play2Pay has announced that it raised $13 million. The…
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Data Shows Majority of Bitcoin Owners are Holding at a Profit
After a strong run early in 2021, several cryptocurrencies have since fallen on hard times. In the case of Bitcoin, the asset is now trading for nearly half of its record highs seen just a few short months ago. Nevertheless, the current value is still far ahead of where Bitcoin had been prior to 2020.…
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Custom Credit Card Firm Cardless Announces $40 Million Funding Round
A FinTech that helps brands create their own custom credit card offerings has just closed a major investment round. This week, Cardless announced that it has raised $40 million. The Series B was led by Activant Capital while previous investors such as Accomplice and Pear VC also participated alongside a few individuals. Since launching in…
