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.
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LiquidTrust Raises $4 Million, Introduces Micro Escrow Feature
A FinTech building new payment solutions for small businesses has raised a fresh round of funding. About the Round and LiquidTrust’s New Feature: LiquidTrust has announced that it’s raised $4 million. The seed round was led by Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures. This funding comes as the company completed the…
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Rocket Companies Announces Acquisition of Redfin
A FinTech giant plans to purchase a popular real estate brokerage site. About the acquisition: Detroit-based Rocket Companies has announced its acquisition of Redfin. The all-stock transactions will value each Redfin share at $12.50 for a total of $1.75 billion. As of this writing, $RDFN is trading near $10 per share, which is up from…
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Insurance Payment FinTech Camber Raises $30 Million
A startup looking to make insurance reimbursement payments more efficient has raised a new round of funding. About the round: This week, Camber has announced that its raised $30 million. The Series B was led by Andreessen Horowitz while ACME and Craft also participated. To date, the company has now raised a total of $50…
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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…
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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,…
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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…
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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…
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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…
