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
Study: Wells Fargo Scandal Helped Drive FinTech Adoption
by Kyle Burbank
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... 
FinTech News
Acorns Acquires Family Finance Platform Zeta
by Kyle Burbank
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... 
FinTech News
Debt Resolution Platform Relief Raises New Capital
by Kyle Burbank
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... 
FinTech News
LendingClub Launches New LevelUp Checking Account
by Kyle Burbank
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... 
FinTech News
Coinbase, Cardless Teaming Up for Bitcoin Rewards Credit Card
by Kyle Burbank
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%... 
FinTech News
Synchrony to Issue OnePay Credit Card with Walmart
by Kyle Burbank
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... 
FinTech News
Personal Finance Budgeting App Monarch Raises $75 Million
by Kyle Burbank
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...