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
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...
FinTech News
Chime IPO Details Come to Light as Roadshow Kicks Off
by Kyle Burbank
The popular neobank Chime is readying for its initial public offering. About Chime's IPO Plans: Chime has revealed plans to go public. According to a blog post from the company, they intend to be listed on the Nasdaq Global Select Market under the ticker symbol $CHYM. In total, 32,000,000 shares of Class A common stock will be offered, including 25,900,765 shares from Chime and 6,099,236 from "certain existing stockholders." The FinTech...
FinTech News
Karat Financial Launches Business Banking for Content Creators
by Kyle Burbank
A service known for its creator-minded charge card has officially expanded into banking. About Karat Creator Banking: Karat Financial has officially launched its new business banking account. In line with the company's mission, their new accounts are purpose-built for creators, including YouTubers, TikTokers, influencers, and other creatives. These banking services (including the issuance of the Karat Business Banking Visa Card) are provided by Grasshopper Bank. Currently, Karat offers two tiers...
FinTech News
Financial Advisor Platform Seeds Raises $10 Million
by Kyle Burbank
A FinTech built for advisors to create personalized investing experiences for clients has raised a new round of funding. About Seeds' Funding Round: Recently, Seeds (formerly known as Seeds Investor) announced that it has raised $10 million. The Series A was led by Protage, while returning investors Social Leverage and Blank Ventures also participated. To date, the company has now raised more than $15 million, including a $1.3 million seed...