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.

Bilt logo and Ken Chenault and Ankur Jain

Bilt Raises $250 Million, Announces "2.0" Card Line-Up

Bilt has not only announced another mega-round but also a fresh eleven-figure valuation and new expansion details. About Bilt's Latest Funding Round: Today, Bilt announced that it had reaised $250 million in new funding. Moreover, this new round values the company at $10.75 billion. The round was led by General Catalyst and GID with United Wholesale Mortage also partcipating with a $100 million investment. This follows a $150 million venture...
group of women looking at a computer

Study: Wells Fargo Scandal Helped Drive FinTech Adoption

A newly-released study from the University of California Davis finds that a scandal at a major American bank may have contributed to the rise of FinTech lenders. About the Study's Findings: According to a new study, the financial scandal involving Wells Fargo pushed some consumers toward financial technology platforms. The paper, titled "Trust as an Entry Barrier: Evidence from FinTech Adoption," was authored by UC Davis Graduate School of Management...
Acorns and Zeta logos and the Acorns app

Acorns Acquires Family Finance Platform Zeta

Acorns is adding a fellow FinTech app's assets to its platform. About the Acquisition: Recently, Acorns announced that it had acquired the app Zeta. As a result of this transaction, Zeta cofounders Kevin Hopkins and Aditi Shekar have joined the Acorns team. Financial details about the acquisition were not disclosed. As Acorns notes, this marks the company's fifth strategic acquisition in less than two years — with many of these deals...
Relief logo and app

Debt Resolution Platform Relief Raises New Capital

A platform built to help consumers save money while settling their debts has raised new capital. About the Investment: Earlier this week, the FinTech app Relief announced a new round of growth capital. This investment was led by National Debt Relief, which is the largest debt settlement company in the United States. With this strategic partnership, Relief says it will be able to develop additional product lines and offer consumers...
LendingClub LevelUp app

LendingClub Launches New LevelUp Checking Account

LendingClub is upgrading — or "leveling up" — its checking account. About LendingClub LevelUp Checking: Today, LendingClub Bank officially unveiled its new LevelUp Checking account. This new option is now available exclusively to LendingClub members. However, those who are not yet members can become one by opening a LendingClub LevelUp Savings account, CD, or a loan. With LevelUp Checking, customers can earn 1% APY on balances over $2,500. Members who receive...
Coinbase logo and credit card

Coinbase, Cardless Teaming Up for Bitcoin Rewards Credit Card

Coinbase has announced plans to launch a new Bitcoin-earning credit card later this year: About the Coinbase One Card: This fall, Coinbase will roll out the Coinbase One Card. For this offering, the platform is partnering with the FinTech Cardless. The cards will be issued by First Electronic Bank and will utilize the American Express network. With the Coinbase One Card, customers will be able to earn up to 4%...
OnePay and Synchrony logos with app

Synchrony to Issue OnePay Credit Card with Walmart

Walmart's FinTech OnePay (formerly ONE) is set to partner with Synchrony for a new credit card offering. About the Upcoming Card: Today, Synchrony revealed a strategic partnership with Walmart that will result in a new credit card program. This new line-up will be embedded into the OnePay app, which is a FinTech platform owned by Walmart and Ribbit Capital. Expected to launch this fall, the program's cards will operate on...
phones with Monarch app

Personal Finance Budgeting App Monarch Raises $75 Million

A growing personal finance platform has closed a new round of funding. About Monarch's Funding Round: Recently, Monarch Money announced that it raised $75 million. The Series B was co-led by FPV Ventures and Forerunner Ventures, with participation from existing investors Menlo Ventures, Accel, SignalFire, and Clocktower Ventures. To date, the company has raised a total of $94.8 million, including a $15 million Series A in 2022. According to the...
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2025 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. That was later 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 is SoFi’s acquisition of Golden Pacific...
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...