FinTech News Archives

Category: 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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FTC Files Complaint Against FinTech App Dave

The Federal Trade Commission has announced plans to "take action" against the FinTech cash advance app Dave, accusing the service of deceptive marketing. About the complaint: Today, the FTC filed a complaint against the app Dave in U.S. District Court for the Central District of California. In this complaint, the agency accused the service of using misleading marketing and charging undisclosed fees to customers. First, while Dave advertises instant loans...
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Neobank Chime Re-Ups Partnership with Dallas Mavericks

A popular neobanking app is renewing and expanding its partnership with one of the NBA's top teams. About the partnership: After initially joining as a sponsor in 2020, Chime recently revealed that it was extending its strategic partnership with the NBA's Dallas Mavericks. As a result, the team will continue to wear Chime patches on all four of their official jerseys. Additionally, the neobank will be advertised on signage throughout...
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Subcontractor Financial Solution Platform Billd Raises $17.5 Million

A platform that focuses on the financing for subcontractors has raised a new round of funding itself. About the round: This week, Billd announced that it had raised $17.5 million in "strategic funding." The round was led by LL Funds as well as MissionOG. RJT Credit, Ulysses Management, and HighSage Ventures also participated. Previously, Billd raised a $30 million Series B in 2021 and a $60 million Series A in...
Robinhood presidential contract

Robinhood Introduces Presidential Election Market Event Contracts

Robinhood is launching its derivatives business by allowing some users to essentially bet on the results of the 2024 presidential election. About the Presidential Election Market: Earlier this month, Robinhood revealed plans to launch index options as well as futures trading. Both of these features come from Robinhood Derivatives (RHD). Now, RHD has announced event contracts — starting with those tied to the upcoming United States Presidential Election. Starting this...
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Rate Introduces AI-Powered "Rate Intelligence" Platform

The mortgage service Rate has announced its latest FinTech feature: Rate Intelligence. About Rate Intelligence: This week, Rate formally announced its Rate Intelligence platform. The new tool is the result of the company's partnerships with Gateless and Prajna. Additionally, Rate says it invested more than $100 million on the project between technical developments and the aforementioned strategic partnerships. The Rate Intelligence platform includes automated income and asset verification tools that...
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Security Deposit Solution FinTech Obligo Raises $35 Million

A FinTech that offers tools for landlords and renters has announced its latest funding. About the round: This week, Obligo announced a new $35 million in funding. The Series C was led by True Global Ventures and 83North while a mix of equity and debt investors also participated in the round. This list includes 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit. To date, the company has now raised a total...
Robinhood Legand screenshot

Robinhood Unveils Futures Trading, Desktop Platform, and More

The popular trading app Robinhood kicked off its first-ever HOOD Summit by announcing a number of new features for the platform. About the HOOD Summit and HOOD Week announcements: During a keynote at the HOOD Summit held in Miami, Robinhood chairman and CEO Vlad Tenev revealed some of the ways that the service is expanding. This includes adding support for futures trading and index options. Additionally, the company is set...
collage of Surfin credit products

Singapore-Based FinTech Surfin Raises $12.5 Million

Surfin, a FinTech headquartered in Singapore, has announced a new round of funding. About the funding round: This week, Surfin announced that it had raised $12.5 million. The Series A was led by Insignia Venture Partners, which has previously invested in such international FinTechs as CrediBook, Fazz, Nudge, among others. Surfin notes that this round marks the first time the company has sought external funding. Prior to this, the company...
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Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation

Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
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Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
Fioney Top 10 Must-Read Personal Finance Articles Septemeber 2024

Top 10 Personal Finance Articles of the Month — September 2024

Welcome to Fioney's look at the top 10 personal finance articles of the month. On the first Friday of each new month, we look back at some of our favorite posts published in the weeks prior and highlight them right here. This includes a mix of sites that have become staples of our lists as well as many first-timers. To start things off this month, we'll look at some articles...
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Discover Reveals 5% Bonus Categories for Final Quarter of 2024

As we head into the holiday season, Discover has unveiled its fourth-quarter bonus category picks. About the Q4 2024 Discover It 5% categories: Starting on October 1st, Discover It customers will be able to earn up to 5% back on purchases from two major retailers. First up is Amazon — which has been a fixture of Discover's fourth-quarter bonus categories since at least 2015. While this category will of course cover...