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.

Robinhood Tax Lots screenshot

Robinhood Introduces Tax Lots Feature for Selling Assets

Robinhood is adding a new feature that will give customers greater control when it comes time to sell their shares. About Tax Lots: Today, Robinhood announced the launch of Tax Lots. With this feature, traders will be able to better manage their tax liabilities by gaining control over how their shares are sold. Using Tax Lots, customers will have more options for selling assets. For example, if a user has 100...
Cardless logo

FinTech Co-Branded Card Company Cardless Raises $30 Million

A co-branded credit card solution company has raised a new round of funding. About the round: This week, Cardless announced that it's raised $30 million. The round was led by Activant Capital with new and returning investors such as Mischief, Industry Ventures, Thayer Ventures, Assurant, and Amex Ventures also participating. With this latest funding, Cardless has now raised more than $90 million to date (plus a $75 million credit facility...
Robinhood Web3 logo

Robinhood Crypto Relists Previously Removed Assets, Adds More

Robinhood Crypto has added to its list of supported assets — including bringing back some previously delisted coins. About the additions: Recently, Robinhood announced that it was adding four crypto assets to its U.S. platform. These include Solana (SOL), Cardano (ADA), XRP (XRP), and Pepe (PEPE). In total, the platform now allows users in the United States to trade 19 cryptocurrencies. Notably, Solana and Cardano were removed from Robinhood in...
Klarna logo

Swedish "Buy Now, Pay Later" Platform Klarna Announces IPO

Klarna's plans to launch an American initial public offering have taken a major step forward. What's happening: This week, Klarna announced that it had submitted a draft Registration Statement to the Securities and Exchange Commission (SEC) relating to a proposed initial public offering. Previously, the Swedish FinTech had been rumored to be eyeing an IPO, but this latest news makes it official. However, at this time, the number of shares...
SoFi Roboinvesting illustration

SoFi Introducing Robo-Advisor with Alternative Investment Assets

SoFi is expanding its automated investment features with a robo-advisor platform. About SoFi Robo Investing: This week, SoFi announced a new investment offering for members. In an expansion of the company's existing Automated Investing option, the "one-stop shop" for financial services is debuting Robo Investing. Notably, this new offering will include alternative assets classes (which SoFi first introduced to its Active Investing platform in May) in addition to traditional investments....
Dave cash advance banner

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...
Chime and Dallas Mavericks logos

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...
billd logo

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...
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Travelers with two Best Western Credit Cards

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...
Bilt and All Reward logos

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...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...