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
SEC Announces End to Robinhood Crypto Probe
The Securities and Exchange Commission (SEC) has concluded its investigation into Robinhood's crypto business and will not be suing the FinTech. About the announcement: In a blog post on its website, Robinhood revealed that it had been informed by the SEC’s Enforcement Division that an investigation into the company's cryptocurrency operation had concluded. Furthermore, following this inquiry, the agency did not intend to move forward with any enforcement action. This...
FinTech News
Report: Varo Bank Raises $29 Million Series G, Replaces CEO
According to reports, Varo Bank has not only raised a new round of funding but has also named a new Chief Executive Officer. What's happening at Varo: As TechCrunch reports, per an SEC filing, Varo has raised a $29 million Series G. However, the FinTech bank had apparently been seeking $55 million in funding. Moreover, this comes after a 2023 $50 million equity round that valued the firm at $1.85...
FinTech News
Banking Tech Provider Zeta Announces $50 Million Funding Round
The banking technology company Zeta has announced its latest funding and a milestone valuation. About the round: This week, Zeta announced that it had raised an additional $50 million. While the company didn't specify, this was a Series D according to Crunchbase. The site also states that the round was led by Optum. Notably, the latest round values Zeta at $2 billion, which marks a 70% increase from the $1.15...
FinTech News
SoFi Introduces New Benefits for SoFi Plus Membership Product
The financial services mega app SoFi is introducing new perks for SoFi Plus membership. About SoFi Plus: SoFi's membership product SoFi Plus now offers customers an estimated $1,000 in annual value thanks to some key benefits. First, SoFi Plus members can earn an unlimited 1% invest rewards match, meaning that customers with recurring SoFi Invest deposits will earn 1% of those deposits matched in the form of SoFi rewards points....
FinTech News
Fruitful Introduces High-Yield Savings and Cash Back Charge Card
The financial advisory platform Fruitful has announced two new features for its members. About Fruitful's HSY and charge card: Members of Fruitful will now have access to two new products: Fruitful Cash Accounts and Fruitful Card. With Fruitful Cash, customers can earn 5% APY. Moreover, the account combines a high-yield savings account with checking account features. In fact, the Fruitful Cash account works in tandem with the new Fruitful Card....
FinTech News
Robinhood Pulls Sports Event Contract Feature Due to CFTC
After announcing that customers would be able to purchase event contracts tied to the outcome of the "Pro Football Championship," Robinhood has abruptly reversed course. What's happening: Earlier this week, Robinhood revealed that approved users would be able to purchase event contracts centered around what they called the "Pro Football Championship" (known to most as the Super Bowl). With this feature, customers could buy contracts that would pay out if...
FinTech News
