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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Model ML Raises “One of The Largest FinTech Series A Rounds”
An AI automation platform for financial services has raised what they describe as one of the largest FinTech Series A rounds in history. About Model ML’s Funding Round: This week, Model ML revealed that it had raised $75 million. The Series A was led by FT Partners with participation from Y Combinator, QED, 13Books, Latitude,…
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Made Launches Essential Card for Homeowners, Raises $8 Million
The homeowners’ rewards credit card market is heating up as a new competitor has launched following a successful Seed round. About Made’s Seed Round: Made, a FinTech intent on helping homeowners “save time, money, and stress” has announced $8 million in new funding. The “oversubscribed” seed round was co-led by Jump Capital and Village Global.…
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Intuit Partners with OpenAI For “Future of Financial Intelligence”
FinTech giant Intuit has announced a partnership with OpenAI — the company behind ChatGPT. About the Intuit-OpenAI Partnership Today, Intuit (which owns TurboTax, Credit Karma, QuickBooks, and Mailchimp) revealed a new strategic partnership with OpenAI. Together, the companies plan on creating “the future of Financial Intelligence” by integrating AI technology into Intuit products, while also…
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Robo-Advisor Platform Betterment Adds Self-Directed Investing
A company known for its robo-advisory tools is mixing it up by bringing self-directed investment options to the service. About Betterment’s Self-Directed Investment Platform: Betterment is bringing self-directed investing to its platform. Now, customers can trade thousands of stocks and ETFs without paying commission fees. This comes as the company says three-quarters of its customers…
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Cash App Launches Green Status, Borrow Feature, and More
The popular peer-to-peer payments tool Cash App has unveiled a slate of updates and features, including a new loan product. What’s New with Cash App: Today, Cash App officially announced 11 new features and updates. In fact, the company describes this as its “most significant product expansion to date.” First up, the service revealed Cash…
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Venmo Introduces Stash Rewards Program for Debit Cards
Venmo is reinventing its debit card rewards, allowing cardholders to earn up to 5% back. About Venmo Stash Rewards: This week, Venmo announced its new Venmo Stash program. With this unique debit card rewards offering, customers will be able to earn up to 5% back on purchases from popular brands — with their rewards rate…
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Healthcare FinTech Cylerity Raises $28 Million in Capital
A FinTech focused on improving healthcare payments has raised a new round of funding. About Cylerity’s Funding Round: Recently, Cylerity announced a total of $28 million in new funding. This includes a $4 million seed round and a $24 million debt facility. The “over-subscribed” equity portion of the round was led by HealthX Ventures, with…
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Refund Tracking Tool Refundly Officially Launches
As the holiday shopping season approaches, a new tool that helps consumers track their refunds and returns has debuted. About Refundly: This week, Refundly announced its official launch. With this new app, shoppers can track e-commerce returns and be informed of when they can expect their refund to arrive. To do this, Refundly says it…
