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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Bitcoin Continues to Surge, Nearing All-Time High
In 2017, Bitcoin enjoyed a famed run that saw the cryptocurrency’s value climb to nearly $20,000 per coin before plummeting back down to earth. Now, nearly three years later, the asset is making another run at that record. Since October 1st, the price of Bitcoin has nearly doubled, going from around $10,500 to as high…
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Vennfi Raises $2.3 Million Ahead of Charityvest Platform Expansion
Even as 2020 begins to wind down, FinTech deals continue to roll in. Last week, Vennfi announced it had raised $2.3 million in funding. The seed round was led by former DCM Ventures partner Tom Blaisdell with participation from Teamworthy Ventures, Duro.vc, Sovereign’s Capital, and Promus Ventures along with individual investors and other funds. With…
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Google Pay Unveils Overhaul, Opens Waitlist for Banking Account
Users of Google Pay for Android or iOS may have noticed some major changes to the app this week. A new update turns the focus to personal finance as well as peer to peer payments, while also teasing future endeavors. First, users can now link bank accounts and credit cards (via Plaid) to Google Pay…
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Klarna Introduces Price-Tracking Widget for iOS
Recently, the Swedish FinTech Klarna has made a name for itself stateside, offering shoppers the ability to purchase items with a simple four-payment plan. Now, the company has introduced a new price-tracking widget for iPhone users. According to the app, this widget will rotate through recently-viewed and saved items and share relevant pricing updates. While…
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BitPay Launches BitPay Send Feature for Businesses
It’s no secret that the typical employment model has been upended in recent years. Not only has the gig economy continued to grow but, due in part to the COVID-19 pandemic, remote work is at a new high. With that in mind, BitPay recently launched a new tool called BitPay Send that could also change…
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Mastercard Announces 10 FinTechs to Participate in Latest Start Path Program
Mastercard is once again looking toward the future of FinTech, announcing the 10 startups that will join the company’s Start Path program. This year’s selected companies include: Carry1st, FISPAN, Lendio, LISNR, Mocafi, MO Technologies, Panda Remit, Paycode, Fanbank/Plink, and Subaio. These startups will participate in a six-month program where they will not only work on…
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Justice Department Files Lawsuit to Block Visa’s Plaid Acquisition
Reports that the United States Department of Justice was considering action against Visa in regards to their planned acquisition of Plaid came to fruition this morning. As TechCrunch reports, the Justice Department has filed suit against both companies on antitrust grounds. Earlier this year, Visa announced that it intended to purchase Plaid for an eye-popping…
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Zelle Tops 1 Billion Transactions in the Past 12 Months
When it comes to peer to peer payments, often times FinTechs such as Venmo, Square Cash, and others come to mind. Yet, one competitor has managed to grow without much fanfare: Zelle. Now, Early Warning Services, LLC (the network operator behind Zelle) announced that the service recently achieved a major milestone. According to Zelle, the…
