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Category: FinTech

Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.

Robinhood cash back offers illustration
FinTech

Robinhood Makes Changes to Cash Card Debit Card Program

by Kyle Burbank
The stock trading app Robinhood has rolled out a pair of tweaks to its debit card offering. About the updates: Robinhood has announced some key changes to its Cash Card program — which itself was a replacement and overhaul of the company's previous Cash Management account. First, the Robinhood Cash Card will be dropping its weekly round-ups match feature. Previously, cardholders could opt into a program that would round up...
Wealthfront app screenshots of collections
FinTech

Wealthfront Adds Stock Collections For AI, Dividend Stocks, More

by Kyle Burbank
The FinTech platform Wealthfront is making it easier for customers to invest in artificial intelligence AI by rolling out new Stock Collections focused on the technology. Elsewhere, a dividend-focused collection has also been added. About the new collections: Wealthfront has announced the introduction of three new Stock Collections: AI Adopters, Generative AI, and Large-Cap High Dividend Payers. The first option is comprised of businesses that are already effectively embracing AI,...
Credit Sesame Credit Builder Mastercard
FinTech

Credit Sesame Relaunches Sesame Credit Builder Mastercard

by Kyle Burbank
The credit monitoring site Credit Sesame is relaunching its credit building-debit card. About Sesame Credit Builder: With the Sesame Credit Builder Mastercard, users can allocate part of their Sesame Cash balance to serve as their security deposit. Then, customers can simply make purchases with their debit card, with Credit Sesame adding transactions to their line of credit and automatically paying off those purchases on time each month. Credit Sesame reports...
iWallet illustration
FinTech

iWallet Announces Plans to Support FedNow Check Deposits

by Kyle Burbank
As the FedNow service rolls out, one business-centric check deposit app has announced plans to bring its capabilities to its platform. About the update and FedNow: The FinTech app iWallet has announced that it will soon integrate FedNow into its service. According to the startup, they'll be one of the first processing apps to support the real-time check deposit technology. Currently, iWallet expects the update to be available by the...
PYUSD on app
FinTech

PayPal Launches PYUSD Stablecoin

by Kyle Burbank
PayPal is expanding its digital payments network with the introduction of a new stablecoin. About PYUSD: This week, PayPal announced the launch of a United States dollar-backed stablecoin called PayPal USD — or PYUSD. These coins will be redeemable at a 1:1 ratio for U.S. dollars and will be issued by Paxos Trust Company. In the coming weeks, customers will be able to transfer PYUSD between PayPal and compatible external wallets,...
Knott API illustration
FinTech

Knot Card-on-File Management API Raises $10 Million

by Kyle Burbank
A FinTech that helps customers update their payment information for more seamless e-commerce has raised an eight-figure Series A. About the round: This week, Knot announced that it had raised $10 million. The Series A was led by Nava Ventures while Amex Ventures, fellow FinTech Plaid, and several individuals also participated. To date, the company has now raised a total of $13 million, including a $3 million seed round in...
B Generous and Damar Hamlin
FinTech

FinTech B Generous Signs Equity Deal with NFL's Damar Hamlin

by Kyle Burbank
A FinTech aiming to make donating to charity more accessible has announced a partnership with an NFL star. About the deal and B Generous: This week, B Generous announced a collaborative partnership with football player Damar Hamlin. As part of the deal, Hamlin will receive equity in the startup while also working with the firm's team to achieve their common goals. Launched nearly one year ago, B Generous is a...
Croissant app screenshots
FinTech

Croissant Launches, Raises $24 Million Seed Round

by Kyle Burbank
A FinTech platform that helps power retail reselling has raised a new round of funds upon its launch. About the funding round: The FinTech Croissant recently announced that it had raised $24 million. The seed round included participation from Portage, as well as KKR co-founders George Roberts and Henry Kravis. These funds helped accelerate the platform's MVP launch. To date, the company has now raised a total of $48 million...
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Small Business News

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

by Kyle Burbank
Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app
FinTech News

Student Loan Benefit FinTech Summer Raises $6 Million

by Fioney Staff
For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
Melissa Urban holding a Ness card
Credit Cards

Health and Wellness Rewards Card Ness Partners with Whole30

by Fioney Staff
In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card
Credit Cards

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

by Fioney Staff
With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....
H-E-B and Central Market  credit cards
Credit Cards

Imprint Launches Credit Cards from H-E-B and Central Market 

by Fioney Staff
The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...