FinTech News Archives - Page 14 of 73

Category: FinTech News

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TTV Capital Closes Fund VI for Early-Stage FinTech Investments

A major venture capital firm has announced the closure of its latest fund, which will invest in a number of growing FinTech startups. This week, TTV Capital announced the closure of its sixth fund (Fund VI), with a total of $250 million. Capital in this fund was contributed by both new and existing partners, including institutional and strategic investors. According to the firm, initial plans called for the fund to...
Nitra app and platform screenshots

Nitra Latest FinTech to Join Visa's Fast Track Program

A spending insights platform built for healthcare professionals is getting a big boost by joining up with a major card company. This week, Nitra announced that it was the latest startup to join Visa's Fast Track program. As a result, the company will now have access to Visa's global payment network, VisaNet Nitra is a FinTech offering spending management tools for private practice physicians. With the platform, clients can issue...
Stripe founders

Stripe Raises $6.5 Billion, Now Valued at $50 Billion 

FinTech giant Stripe has just closed a massive funding round, but is once again cutting its valuation. The online payments company has announced that it's just raised $6.5 billion. The Series I included participation from returning investors Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital, while new investors GIC, Goldman Sachs Asset and Wealth Management, and Temasek also joined. Goldman Sachs served as sole placement...
Credit Karma Net Worth app

Credit Karma Introducing Net Worth Tool Built with Mint

This week, Credit Karma announced that it was introducing a Net Worth tool. In a press release, the company said that the addition is part of their goal to become "a full-service personal finance management platform." The new feature will apparently begin rolling out to users with credit scores of 720 or higher but they hope to eventually expand it to a larger population. According to Credit Karma, this initial...
Bankjoy app screenshot

Bankjoy Raises New Funding From Curql Collective

A FinTech that brings enhanced digital experiences to a variety of financial institutions has garnered new investment. This week, Banjoy announced it had raised a new round of funding led by Curql Collective — a Credit Union Service Organization that looks to bring FinTech innovation to credit unions. The amount of the venture round was not disclosed. Excluding these funds, the company had raised $14.3 million to date, $12.5 million of...
Robinhood crypto wallet

Robinhood's Non-Custodial Crypto Wallet Now Available for iOS

A new crypto app from Robinhood has finally arrived. This week, the FinTech announced that its Wallet app was available to download in the Apple App Store, making it accessible to all iOS users. Previously, the app was only available to a select number of users while more than a million customers remained on the waitlist. Now, no waitlist reservation or invitation code is required to download the app and...
Lending Tree / Upgrade Win credit card

LendingTree Launches Win Card in Partnership with Upgrade

Two popular FinTech firms are partnering up to introduce a new credit card that can help consumers "win" at finance. This week, LendingTree and Upgrade announced the debut of the Win Card — inspired by LendingTree's "You Win" tagline. The new card will carry no annual fee and will allow cardholders to earn 2% cashback on all categories regardless of category — although customers will need to log into their...
rows of phones with the Varo app

Varo Bank Brings On Wook Chung as Chief Product Officer

A FinTech neobank is gearing up for even greater expansion by bringing some new talent on board. Last week, Varo Bank announced that it had appointed Wook Chung as its Chief Product Officer. According to the company, Chung will lead the bank's vision and initiatives. He will also serve as a key figure of Varo Tech, which looks to blend data, technology, and design. Chung replaces Jon Alferness, who joined...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...