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.

PayPal Everywhere app and debit card
FinTech News

PayPal Rolls Out PayPal Everywhere Initiative, Updated Debit Card

by Fioney Staff
PayPal is looking to expand its reach with a new initiative and a more rewarding debit card product. About PayPal Everwhere and debit card: While PayPal is best known as an online payment option, the platform is giving consumers more reason to use it in-store as well. This includes debuting an updated debit card with enhanced cashback rewards. Now, PayPal customers can use their PayPal debit card to earn 5%...
DailyPay Visa Debit Card
FinTech News

DailyPay Rebrands Debit Card, Plans New Cashback Offer Feature

by Kyle Burbank
The earned wage access platform DailyPay has announced a rebrand for its employee debit card offering. About the updated card and DailyPay: DailyPay has announced that it will be rebranding its Friday by DailyPay Visa Prepaid Card. Now, the service will simply be known as the DailyPay Visa Prepaid Card. With the card, users will still have the ability to transfer a portion of their earned payroll wages to the...
Sedric team photo
FinTech News

AI-Powered Compliance Platform Sedric Raises $18.5 Million

by Kyle Burbank
A company that leverages AI to help financial institutions manage compliance issues has closed a new round of funding. About the round: Sedric has announced that it raised $18.5 million in its latest round. The Series A was led by Foundation Capital with Amex Ventures also participating. To date, the company has now raised a total of $22 million including a 2021 seed round. With the new funds, Sedric says...
ASA Vault logo
FinTech News

ASA Vault Adds Five More FinTech Tools to Its "App Store"

by Kyle Burbank
The "App Store as a Service" platform ASA has added five more FinTech tools to its roster. About the additions and ASA Vault: ASA has announced that it has added five FinTech applications to its ASA Vault app. These include PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax. With ASA Vault, users can sign up for and access these services without providing their name, email address, or...
MoneyThumb logo
FinTech News

SaaS FinTech MoneyThumb Acquired by Iron Creek Partners

by Kyle Burbank
A company that offers a variety of underwriting tools has revealed that it's been acquired. About the acquisition: This week, MoneyThumb announced that the private investment firm Iron Creek Partners LLC has acquired the company. According to a press release, this transaction will provide MoneyThumb with growth capital as the company continues to expand. While the news was announced on August 29th, the transaction officially closed on August 19th, 2024....
a couple looking at blueprint
FinTech News

LendingClub Bank Introduces LevelUp Savings Account

by Kyle Burbank
The FinTech bank LendingClub has announced a high-yield savings account that will allow customers to "LevelUp" their earned interest. About the account: With the new account, customers will be able to earn up to 5.30% APY on funds — which is 11 times the national average. However, to earn this rate, accountholders must deposit at least $250 per month. Those who don't manage to meet this requirement will still earn...
Bask app hovering over a mobile POS reader
FinTech News

Bask Bank Launches Interest Checking Account

by Fioney Staff
After teasing a new account type a few weeks ago, Bask Bank has now opened an Interest Checking option to all customers. About the new account: With the new Bask Interest Checking, customers can earn 1% APY while enjoying the benefits of a mobile-first checking account. Not only can accountholders use their Bask debit card to make purchases wherever Visa is accepted but they will also have access to more...
PayZen app and credit card
FinTech News

Healthcare Affordability Startup PayZen Raises $32 Million in Equity

by Kyle Burbank
A FinTech that helps patients find affordable healthcare solutions has raised new funds in two ways. About the round: This week, PayZen revealed its Series B funding round. The oversubscribed round included $32 million in equity as well as a new $200 million credit warehouse. NEA led the equity portion of the round along with participation from existing investors, such as 7wireVentures, SignalFire, Viola Ventures, and others. Meanwhile, Viola Credit...
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Checking Account Review

2024 SoFi Checking and Savings Review

by Kyle Burbank
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...
Credit Score Guide

A Guide to Building Credit and Increasing Your Credit Scores

by Kyle Burbank
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...
gas pump
Money Management Product Reviews

2024 Pay with GasBuddy Review: Yes, You Can Legitimately Save Money Every Time You Fill

by Kyle Burbank
Put simply, the value proposition of Pay with GasBuddy is that you can use a special card that's accepted at most gas stations in order to save a few cents off of every gallon of gas you buy. That sounds good — almost too good, if you think like me.
Brim logo
FinTech News

Brim Financial Raises $85 Million as It Eyes Global Expansion

by Kyle Burbank
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
Credit Card News

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

by Kyle Burbank
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,...