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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Robinhood Pays $65 Million in Settlement with SEC
With the increasingly-popular FinTech app Robinhood allowing customers to buy and sell stocks without fees, how does the company make money? That question was at the heart of a Security and Exchange Commission complaint. As the New York Times reports, Robinhood has now agreed to pay a $65 million fine to settle charges brought by…
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Family-Centric Finance App GoHenry Raises $40 Million
It seems as though even more FinTechs are managing to close deals before the year is done. Last week, GoHenry announced that it had raised $40 million in its latest funding round. The round was led by Edison Partners with participation from Gaia Capital Partners, Citi Ventures, and Muse Capital. With the funds, GoHenry plans…
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Cash Back App Slide Adds Crypto Payment Support Via BitPay
In recent months, cryptocurrencies have continued to creep into the mainstream consiousness. This includes a growing number of integrations allowing consumers to actually spend Bitcoin and other assets instead of merely holding them for investment reasons. The latest example of this is Slide, which is now partnering with BitPay to give users the chance to…
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FinTech-as-a-Service Startup Unit Makes Its Debut
Despite numerous challenges, the FinTech industry has managed to have a fairly successful year. From significant funding rounds to major acquisitions, there was plenty of big and positive news to go around. Now, as the year nears an end, the disrupters may be seeing their own disruption as the startup Unit brings their banking-features-as-a-service model…
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Rakuten Network Powers Cashback Offers in Google Pay
Recently, Google Pay unveiled an overhauled app for both Android and iOS. With the update, the app took on a new focus toward personal finance, while also providing other services such as peer to peer payments. Now, Google Pay users will be able to earn cashback rewards for select retailers thanks to a partnership with…
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FinTech Step Announces $50 Million Round with Celebrity Participants
As 2020 draws to a close, it seems that FinTech deals aren’t done just yet. Last week, the online banking platform Step announced it had raised $50 million. The Series B was led by Coatue with participation from Stripe, Crosslink Capital, Collaborative Fund, and Dreamers VC. Additionally, several celebrities have invested in the startup, including…
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DoJ Okays Intuit’s Credit Karma Acquisition, Credit Karma Tax Sale to Square
Back in February, Intuit announced plans to purchase the free credit score site Credit Karma for a whopping $7.1 billion. However, as always, the deal was subject to regulatory approval. Now, the company has revealed that it’s entered into a consent decree with the U.S. Department of Justice as well as an Assurance of Discontinuance…
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Insurtech Company Hippo Scores $350 Million Investment
Palo Alto-based insurtech startup Hippo just announced that it’s raised another $350 million. The impressive raise comes exclusively from Mitsui Sumitomo Insurance Company, Limited and brings the company’s total funding to date to $709 million. Instead of being aside a letter, the round is being described as simply a “venture round.” The investment comes just…
