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
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
GreenFi Launches After Spinning Off From Aspiration
Coinciding with Earth Day today, GreenFi has officially launched. About GreenFi: In 2024, Mission Financial Partners acquired the consumer banking portion of Aspiration (with the carbon credit segment now known as Catona Climate). Today, that FinTech platform rebranded to GreenFi. Despite the name change, the platform continues to provide climate-friendly banking and investing options. Alongside the launch, it was announced that GreenFi recently raised $17 million. This seed round was...
FinTech News
Capital One Acquisition of Discover Expected to Close Next Month
Two financial brands appear set to join forces in the coming weeks after the deal cleared regulatory scrutiny. The Latest on Capital One's Acquisition of Discover: Today, Capital One announced that its planned acquisition of Discover had received final regulatory approval. This came with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency signing off on the deal. Previously, in December...
FinTech News
Affirm Joins MoreThanFair Organization Calling for Inclusive Credit
The Buy Now, Pay Later platform Affirm has announced that it's become the latest member of an organization resolved to improve access to affordable credit. About Affirm Joining MoreThanFair: This week, Affirm revealed that it had joined MoreThanFair. As a member, the company is affirming a commitment to help make lending more inclusive and transparent. According to Affirm, it already empowers consumers by offering flexible pay-over-time options. This includes products...
FinTech News
Business Banking FinTech Mercury Raises $300 Million
The FinTech Mercury has announced a new "mega-round" that more than doubles its previous valuation. About the Round: This week, Mercury revealed $300 million in new funding. The Series C was led by new investor Sequoia Capital along with participation from other newcomers Spark Capital and Marathon along with returning investors Coatue, CRV, and Andreessen Horowitz. Notably, this latest round gives the company a $3.5 million post-money valuation — up...
FinTech News
Robinhood Reveals Latest Product Suite Including Banking
Following a similar keynote event last year, Robinhood CEO Vlad Tenev returned to the stage this week to announce the latest features and services coming to the platform. About Robinhood Strategies, Banking, and More During Tenev's presentation, three new features were unveiled: Robinhood Strategies, Robinhood Banking, and Robinhood Cortex. First, Robinhood Strategies is a new wealth management service available for both taxable and retirement accounts. The "expertly-managed" accounts give users...
FinTech News
