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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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…
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Wise Becomes Latest FinTech Fined By CFPB
The Consumer Financial Protection Bureau (CFPB) has ordered the FinTech remittance app Wise to pay nearly $2.5 million due to allegedly misleading customers about fees. About the order: Last week, the CFPB announced that Wise would pay more than $2 million after the agency found that the service had advertised inaccurate fees and failed to…
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Real Estate Transaction FinTech Closinglock Raises $34 Million
A FinTech that helps prevent fraud in the real estate transaction process has raised a new round of funding. About the round: This week, Closinglock revealed that it raised $34 million. The Series B was led by Sageview Capital with Headline and RWT Horizons also participating. To date, the company has now raised a total…
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Visa Reportedly Partners with X for Upcoming X Money Platform
X (formerly Twitter) is expanding into payment options — and has brought Visa on board for the project. About the partnership and X Money: As CNBC reports, Visa has formed a partnership with X as the social media network continues its evolution into what owner Elon Musk has called an “everything app.” Visa is said…
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Account Connectity API Method Raises $41.5 Million
A FinTech that helps connect more than 30 million consumer accounts has raised a new found of funding. About the round: This week, Method Financial announced that they’d raised $41.5 million. The Series B was led by Emergence Capital, while Avra and Samsung Next as well as returning investors Andreessen Horowitz, Y-Combinator, and Ardent Venture…
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Self Financial Opens Secured Visa Card Product to All
Self Financial (formerly Self Lender) has announced that its secured credit card can now be obtained à la carte. About the Self Visa Credit Card: Today, Self announced that its Self Visa Credit Card would now be made available to all consumers. The secured card requires a deposit of at least $100, which can be…
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Brokerage Platform eToro Reportedly Files for Initial Public Offering
New reporting indicates that the digital brokerage platform eToro has filed to go public. About the reported filing: According to the Financial Times, eToro has made a confidential filing with the Securities and Exchange Commission seeking an initial public offering in the United States. This IPO would apparently value the company around $5 billion. FT’s…
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Synchrony Latest Bank to Add Pay Later Features to Apple Pay
After teasing new capabilities for credit card customers in October, Synchrony is now officially bringing a “pay later” option to Apple Pay. About the new pay later feature: Synchrony cardholders will now have more options when using Apple Pay via iPhone or iPad to shop online or in-app. In addition to being able to make…
