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.
FinTech News
Neobank Chime Re-Ups Partnership with Dallas Mavericks
by Kyle Burbank
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... FinTech News
Subcontractor Financial Solution Platform Billd Raises $17.5 Million
by Kyle Burbank
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... FinTech News
Robinhood Introduces Presidential Election Market Event Contracts
by Kyle Burbank
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... FinTech News
Rate Introduces AI-Powered "Rate Intelligence" Platform
by Kyle Burbank
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... FinTech News
Security Deposit Solution FinTech Obligo Raises $35 Million
by Kyle Burbank
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... FinTech News
Robinhood Unveils Futures Trading, Desktop Platform, and More
by Kyle Burbank
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... FinTech News
Singapore-Based FinTech Surfin Raises $12.5 Million
by Kyle Burbank
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...