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
FinTech News
Earned Wage Access FinTech Clair Raises $23.2 Million
A FinTech that helps workers gain quicker access to their pay has raised a new round of funding. About Clair's Funding Round: This week, Clair announced that it had raised $23.2 million. The Series B was led by Upfront Ventures, which also led the company's seed round in 2020. Existing investors such as Thrive Capital also participated. To date, the company has now raised a total of $217.8 million, although...
FinTech News
FinTech Brokerage App Stash Raises $146 Million in Latest Round
A popular brokerage app has revealed its latest "mega-round." About the Round: This week, Stash announced that it's raised a new round of $146 million. The Series H was led by Goodwater Capital with returning investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation also participating alongside funds and accounts advised by T. Rowe Price Investment Management, Inc. To date, Stash has now raised $666 million in funding,...
FinTech News
SoFi and Capitalize Announce Enhanced 401(k) Rollover Feature
Two FinTechs are deepening their partnership to benefit consumers looking to recover their old 401(k)s. About the Expanded Integration: This week, SoFi and Capitalize announced an expansion of their collaboration. While SoFi's platform has long utilized Capitalize's services, this update will make it easier for customers to locate and transfer 401(k)s they may have had from former employers. As Capitalize explains, SoFi is now implementing the Embedded Rollerover API, allowing...
FinTech News
U.S. FinTech DailyPay Announces Canadian Expansion
A platform that's helped American workers access their paychecks right away has now expanded northward. About DailyPay's Expansion: Earlier this week, DailyPay announced the continuation of its global expansion. This month, the service will be available to new and existing clients in Canada. As the company notes, this is the second foreign market it's entered following its arrival in the United Kingdom last September. DailyPay enables employers to offer on-demand...
FinTech News
LendingClub Acquires Spending Intelligence Platform Cushion
The marketplace lender LendingClub has announced its acquisition of another FinTech platform. About LendingClub's Purchase of Cushion: This week, LendingClub revealed that it had acquired the intellectual property and "select talent" from Cushion. The platform is an AI-powered spending intelligence service that helps customers track their finances by looking at their banking transactions. This includes monitoring bills, managing subscriptions, and making on-time payments. Additionally, the platform can help users build...
FinTech News
Small Business FinTech Flex to Merge with Maza
Two FinTechs are joining forces as part of an expansion from small business to consumer finance. About Flex's Acquisition of Maza: In a strategic move, Flex recently announced that it would be acquiring Maza. As a result, Maza will rebrand to Flex Consumer. This will continue Flex's initiative to allow business owners to "commingle" their personal and business finances in one place. While not stated in the press release, Crunchbase...
FinTech News
