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.

InScope dashboard screenshot

Financial Reporting FinTech InScore Launches, Raises $4.3 Million

A FinTech that helps companies with their financial reporting and auditing processes has officially launched and raised a new round of funds. About the round and InScope: InScope has announced that it recently raised $4.3 million. The seed round was led by Lightspeed Venture Partners, while a group of individual investors also participated. The San Francisco-based InScope was founded last year and ran a beta earlier this year but is...
Robinhood and Bitstamp logos

Robinhood To Acquire Bitstamp for $200 Million

Robinhood is set to expand its crypto platform with its latest purchase. About the acquisition: Last week, Robinhood announced plans to acquire Bitstamp. The deal is valued at approximately $200 million, but is subject to customary adjustments. The all-cash transaction is expected to close in the first half of next year. According to Robinhood, the acquisition will introduce its first institutional business as Bitstamp is "trusted by its institutional clients...
Fizz logo and app

Fizz Announces $14.4 Million Seed Round

A credit-building debit card FinTech has raised a new early-stage round of funding. About the round: Fizz has revealed that it raised $14.4 million. The seed round was led by Kleiner Perkins, while V Angel, Y-Combinator, New Era Ventures, and others also participated. Previously, Fizz raised a $125,000 pre-seed round in 2021. With the new capital, Fizz plans to build its team and create new product lines. Additionally, it intends...
Greenlight debit card and app

U.S. Bank Partners with Greenlight for Family Banking Tool

The family finance FinTech Greenlight has announced a new partnership with U.S. Bank. About the partnership: U.S. Bank and Greenlight are working together to help raise financial literacy for families. Now, eligible U.S. Bank checking account customers will have complimentary access to Greenlight's debit card and app. This includes accounts for up to five children. To get started, customers can enroll in Greenlight via the U.S. Bank mobile app or...
AllGives logo and retailer logos

Charity Cashback Platform AllGives Announces Browser Extension

A cashback platform with a charity twist is rolling out a new way for customers to earn while shopping online. About the extension: This week, AllGives announced the debut of the AllGives Browser Extension. The tool is now available for Google Chrome as well as Microsoft Edge. With this extension, AllGives users will automatically be prompted to activate cashback offers when they land on one of the more than 300...
In Community We Trust

P2P Lending Platform SoLo Funds Responds to CFPB Lawsuit

After being sued by the Consumer Financial Protection Bureau (CFPB), the FinTech SoLo Funds has now issued a response. About the lawsuit and response: Recently, the CFPB announced that it was suing SoLo Funds, accusing the company of misleading customers about the true costs of loans obtained through the platform. This stems from SoLo's model, which allows prospective borrowers to offer a "tip" to lenders as well as provide a...
Robinhood margin fee graph

Robinhood Introduces Lowered Margin Interest Rates

The popular investing platform Robinhood has announced new margin rates as it looks to attract advanced traders. About the changes: Robinhood is rolling out new, lowered margin rates. Now, the rates that customers pay will vary by their total margin balance, with these rates ranging from 5.7% to 6.75%. These tiers breakdown like this: Up to $50k: 6.75% $50k to $100k: 6.55% $100k to $1 million: 6.25% $1 million and...
Teal logo

Accounting Infrastructure Startup Teal Raises $8 Million

A FinTech offering accounting infrastructure tools for vertical SaaS businesses to adopt has announced its seed round. About the round: Today, Teal announced that it had raised $8 million. The seed round was led by Torch Capital, while Basis Set Ventures, General Advance, and Dash Fund also participated. Additionally, execs from Plaid, Brex, Gusto, and others are among the angel investors contributing to the round. This is the startup's first publicly...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

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...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...