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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FinTech Numerated Announces Automated PPP Loan Forgiveness
Among the many ways that the coronavirus pandemic has changed life in America and around the world is that it’s made FinTech more relevant than ever before. From contactless payments becoming a growing preference to digital banking proving essential, these innovations have been thrust into the spotlight. Similarly, while select banks struggled to handle the…
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Oxygen Joins Visa’s Fast Track Program for FinTechs
Even as much of the country remains in lockdown, the financial technologies sector seems to be managing continued growth. Not only have the past few months seen major acquisitions and impressive investment rounds but they’ve also brought a handful of notable partnerships. Case in point: this past week, Oxygen announced that it was the latest…
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Crypto Trading Platform FalconX Raises $17 Million
Even amid continued lockdowns and economic struggles, the cryptocurrency market has been having a pretty big month. Not only has the price of Bitcoin risen to more than $9,300 but the latest “halvening” also recently occurred as the most famous crypto asset, Bitcoin, continues on towards its 21 million coin max. And then there’s FalconX,…
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Robinhood Announces $280 Million Funding Round
It looks as though Robinhood is right on target once again. Last week, the stock trading app announced that it had closed a $280 million funding round. The Series F was led by Sequoia Capital, who had previously invested in the company. Other participants marked a mix of returning and new investors, including NEA, Ribbit…
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Brokerage Apps Seeing a Surge of New Investors Amid COVID-19 Crisis
With unemployment now nearing 15% and economic uncertainty abounding, it might not seem like the best time for Millennials and younger adults to start their first-time investing journeys. Alas it seems that that’s exactly what many of them are doing. As Axios reports, there are several signs showing that young investors are interested in playing…
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Galileo Announces Partnership with Mexican FinTech Klar
With all that’s going on in the world right now, international expansion might not seem like the most likely move for most companies. Yet that’s what’s happening with Utah-based Galileo Financial Technologies. Last week the FinTech announced a new strategic partnership with the Mexico City-based Klar. Klar is a challenger bank that aims to lead…
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Investment App Stash Announces $112 Million Round
Late last year, the discount brokerage world saw a sea change as Charles Schwab and several other firms announced that they were dropping their trade commissions to $0. Although the move was likely aimed at FinTechs like Robinhood that had already been offering fee-free trades for years, it seems that it only widened the net…
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Uphold Introduces Stablecoin Center, Adds Support for Tether and More
As the concept of cryptocurrencies has crept into the mainstream, it’s come with concerns from outsiders. In addition to regulators who worry about market manipulation and money laundering, there have also been investors who fret over the severe volatility of such assets. Look no further than the famous Bitcoin run that saw prices skyrocket to…
